Intro Flashcards
What are 3 key concepts of HRM?
- HRM needs to be aligned with the business plan and business strategy
- All elements of HRM need to be consistent with eachother
- It is about getting right people for the right job at the right time. Takes care of people by keeping workers performing and motivated, while taking care of the company. Dual responsability done through people.
What do we want with HRM?
Entry of high quality individuals, and to develop and retain them.
How does HRM guarantee the entry of high quality individuals, and develops and retains them?
- attracting talent
- performance management
- reward management
What are the three steps of Talent Attraction?
- HR Planning
- Job Analysis and Design
3.Recruitment and Selection
What is HR Planning?
How organiztions assess the supply and demand for human resources and eliminate the gap between them.
Analyze if they need more or less HR depending on demand and supply forecasts.
Predictions we can make regarding the people we will need to fulfill the business plan, organizational goals, meet strategy needs of company AND what is available outside and inhouse.
What is Job Analysis and Design?
Obtaining detailed information about the job and the process of the job, and the individual requirements for performance of that job.
To make correct hiring decisions, HR needs to understand workflow and evaluate performance.
It gives us Job Description and Job Specifications.
What are the two elementes of Job Analysis and Design? Define
Job Description: information about the tasks, duties, and responsabilities. (eg. title, physical location, working conditions, equipment, …)
Job Specification: information about the knowledge, skills and abilities needed. (eg. minimal level of academic training, personal attributes, required specialized training, …)
What would be the ideal point for Job Analysis and Design and why is it hard to achieve?
Having and exact idea of what everyone is doing.
Jobs are changing very quickly
What is Recruitment?
aims to increase the pool of job candidates, with the minimum cost
It is about having the highest number of people, considering the capabilities that we
have. It reduces personnel in a short-term turnover
What are the two types of recruitment and their respective recruitment methods?
For internal sources: actual employees - e job posting (intranet); career planning; referrals
For external sources: external candidates - advertising; internet; job fairs; open
houses; internships
What is Selection?
Its about selecting the right person for the task, following legal and justice criteria, and matching the company to the individual needs. Usually,
companies want recruitment to have a versatile pool.
What is Selection Criteria?
relevant aspects of the job that differentiate good and bad performance
What are selection methods?
instruments to assess candidates’ performance,
through different stages
(eg. application/CV; interview; tests; reference
checking; follow-up interview; medical exams; analysis and decision)
How can we manage performance?
- Performance Appraisal
- Training and Development
- Career Management
What are the 3 types of Performance Appraisal?
Strategic: links individual job behaviours to strategic objectives
Development: improves performance, motivation, and develops skills by identifying individuals potential.
Administrative: Compensation. Evaluates personnel selection and training effectiveness.