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.