Lecture 3 Flashcards
HR technology
Any technology that is used to attract, hire, retain and maintain talent, support workforce administration, and optimize workforce management
What is The Impact of Technology on the Role of HR
- Decreased Transactional Activities
- Increased Client and Customer Focus
- increased delivery of strategic services
strategy
A course of action the company can pursue to achieve its strategic aim
the company’s plan for how it will balance its internal strengths and weaknesses with external opportunities and threats to maintain a competitive advantage
Human Resources information system (HRIS)
Integrated systems used to
gather, store, and analyze
information regarding an
organizations human
resources
data warehouse
A specialized type of database that is optimized for reporting
and analysis and is the raw
material for managers
decision support.
Components of HRIS
Subsystems
HR Administration
Recruitment and Applicant Tracking
Time and attendance
Training and Development
Pension Administration
Employment Equity Information
Labour Relations
Payroll Interface
HR audit
An analysis by which an
organization measures
where it currently stands
and determines what it has
to accomplish to improve
its HR functions.
Hiring freeze
Employer decides to stop
hiring employees for all non-essential
position.
It allows an employer to consolidate current
employees and potentially restructure
departments
Attrition
Gradual reduction in the workforce in a company due to (stress,
relocation, family, pay etc.).
Layoff
The temporary suspension or permanent termination of employment of
an employee or (more commonly) a group of employees for business reasons,
such as when certain positions are no longer necessary or when a business slow-down.
human resources planning
(HRP)
Forecasting
future human resources
requirements to ensure that
the organization will have the
required number of employees with the necessary skills to
meet its strategic objectives.
When labour demand exceeds labour supply (A labour shortage) companies react by:
- Scheduling overtime hours
- Hiring temporary workers
- Subcontracting
-External recruitment - Internal promotions and transfers
- Performance management, training and retraining, and career development play a critical role
When labour supply exceeds labour demand (A labour surplus) companies react by:
- Hiring Freeze: reassigning current workers to job openings
- Attrition: Standard employee resignation retirement or death
- Incentives to leave the organization: buyouts or early retirement packages
- Job sharing
- Reducing positions to part-time
-Work sharing and reduced workweek - Finding employees alternative jobs within the organization
- Employee layoffs
-Termination of employment
When labour demand equals labour supply companies react by
Filling vacancies internally through transfers or promotions, or externally by hiring new employees.
Tools used to aid forecasting the Supply of Internal Candidate include:
Skills Inventories and Management Inventories
Replacement Charts
Replacement Summaries
Skills inventories
Manual or computerized records summarizing employees’ education, experience, interests, skills, and so on, which are used to identify internal candidates eligible for transfer
and/or promotion.
Management Inventories
Records summarizing the qualifications, interests, and skills
of management employees, along with the number and
types of employees supervised, duties of such employees,
total budget managed, previous managerial duties and
responsibilities, and managerial training received.
Replacement Charts
- visual representations of who will replace whom in the
event of a job opening. - likely internal candidates are listed, along with their age,
present performance rating, and promotability status.
Replacement Summaries
lists of likely replacements for each position and their relative strengths and weaknesses, as well as information about current position, performance, promotability, age,
and experience
Succession Planning
Process of ensuring suitable supply of successors for current and future senior or leadership jobs so that careers of individuals can be effectively planned and managed.
Forecasting the availability of inside candidates is particularly important in succession planning
Centralized organizational structure
With centralized leadership, there is a transparent chain of command, and each role has well defined responsibilities
Decentralized Organizational structure
Teams have more autonomy to make decisions and there may be cross-collaboration between groups. This structure can help companies remain agile and adapt to changing needs
Centralized Vs. Decentralized
Centralized:
- A few upper management members have decision making powers
- Authority is given to those who are at the top of the chain of command
-More standardization
-More control
-Less expensive
-Limited creativity
Decentralized:
-Middle and low level managers have decision making power
- Authority is given to those who are closer to stakeholders
- Organizations are self-sufficient
- Faster decision making
- More creativity
A hierarchical organization structure is
The pyramid-shaped organization chart many people are used to seeing. There is one role at the top of the pyramid and the chain of command moves down, with each level decreasing in
responsibilities and authority.