Introduction Flashcards
What is human resource management?
The process of acquiring, training, appraising, and compensating employees, and of attending to their labor relations, health and safety, and fairness concerns.
What is the performance model?
Performance = Ability x Effort x Opportunity
Staffing
Process of ensuring that the company has the right number, with with right skills, in the right place at the right time.
Small parts of staffing?
Job Analysis
HR Planning
Recruitment
Selection
Performance Management
Set of on-going processes and managerial behaviors intended to ensure that people are productively working on the right things.
HR Development
Consists of training, career development, and organization development.
Direct Compensation
Pay that a person receives in
the form of wages, salary,
commissions, and bonuses
Indirect Compensation
All financial rewards that are
not included in direct financial
compensation (Benefits).
Nonfinancial Compensation
Satisfaction that a person receives
from the job itself or from the
psychological and/or physical
environment in which the
person works
Safety
Policies, practices, and procedures designed to protect employees from work-related injuries.
Health
Employees’ freedom from physical
or emotional illness.
Labor Relations
Businesses are required by law to recognize a union and bargain with it in good faith if the firm’s employees want union representation.
Employee Relations
The set of HR policies and practices that determine the internal work environment.
Interrelationships of HRM Functions
All HRM functions are interrelated so that each function affects the others
Strategic Partner
Business partner focused on talent acquisition, org/employee development, comp/ben’s, etc. to drive results.
Employee Champion
Look after the well-being of employees
Change Agent
Lead organizational change efforts
Shared Service Center
A single unit handling all routine HR services in areas such as resourcing, payroll, and benefits administration
Centers of Excellence
Teams of HR experts with specialist knowledge, in areas such as rewards, engagement, learning, and talent acquisition
Strategic Business Partner
Senior HR professionals that work closely with line managers in areas such as long-term management planning and management of change
Human Resource Professional
Individual who normally acts in an
advisory or staff capacity, working
with other professionals to help
them deal with human resource
matters
Line Managers
Individuals directly involved
in accomplishing the primary
purpose of the organization (think normal managers)
HR Outsourcing
Process of hiring external HR professionals to do the HR work that was done internally
Professional employer organization (PEO)
A company that leases employees to other businesses
