Human Ressources Flashcards
Human ressource management
Human Resource Management – maximizing the effectiveness of the workforce.
• Attracting, retaining and motivating talent
• Developing employees and promoting career development
• Boosting organizational effectiveness
HR manager
• Provide support to other managers for the management of their employees
• Establish HR policies and ensure that they are followed
• Lead the different steps of the HR process
Steps in the HR process (6)
Must take into consideration the requirements of the business and its strategic, tactical and operational plans
- recruiting, selecting, training, evaluation, compensation, separation
Job analysis (description and specifications)
Job Analysis
– What skills does the workforce already have?
– What skills do they need?
Job description: list of duties to perform, the working conditions and the material used (document)
> ex: math teacher: teach 5 math classes/week, etc
Job specifications: defines the qualification for doing the job, skills, abilities, level of education, certificates, needed to do the job
> ex: a master’s degree in math, 3 years of teaching experience
External recruiting
External Recruiting – looking for employees outside the firm (vs. internal recruiting)
- hiring someone from outside the company
• Company website
• Social media (LinkedIn)
• Employment websites (e.g. indeed.com, Monster.com, Workopolis.com, Careerbuilder.ca)
• Trade and professional associations
• Government employment centers
• Colleges and universities (postings and job fairs)
• Newspaper ads
• Headhunters (recruitment agencies)
– Necessary when no suitable internal candidate exists, especially in a young company
– External recruits often bring new ideas and experience
– Often used when specialized expertise or industry experience is required
– Can be more time-consuming and more expensive
Selection: making the right choice
Steps of the selection process
Application: applications and CVs are an initial screening mechanisms
Interviews: often a central part of the selection process; structured interviews help maintain consistency
Testing: include skills, personality, drug and physical exams
References and background checks: used to verify claims made in the resume
Job offer: successful candidates are offered the job subject to a probationary period (3 months)
Benefits of developing your employees
- Increase innovation
- Increase technology adoption
- Increase productivity/ effectiveness
- Increase motivation and loyalty
- Decrease possible errors and related liabilities
On-the-job training
On-the-Job Training – popular and low cost – working under the guidance of experienced
employees
Apprenticeships
Apprenticeships – beginners serve as an assistant prior to working
Off-the-job training
Off-the-Job Training
• Vestibule training
• Classroom setting
• Job simulations
(ex: airline pilots train in flight simulators)
Compute-based training
Praxie type modules
Ex: financial institutions, Nike
Management development
ex: Disney, McDonald’s have their own “universities” where they provide training to their future managers
Evaluation and performance appraisal
Assessing employee performance
Performance Appraisals
– Formal feedback by a supervisor to the employee
– Compare actual to expected results (part of controlling process of management)
– May impact compensation, promotions or transfers, and terminations
– Should be linked to the company’s objectives
– Should also be done informally on a regular basis
Compensation
Rewarding employees
Compensation – the combination of wages/salaries (basic and variable) and benefits (both cash and non- cash)
Wages or salary
Wages or Salary – Amount paid per hour or day/week that an employee works