Management of Labor

Question 1

What is the definition of HRM?

Answer 1

The process of recruitment, onboarding, development, motivation & employee evaluations used to achieve organizational goals

Question 2

What are HRM tasks and activities?

Answer 2

• job analysis and structure design
• scenario planning and forecasting
• employee recruitment and choice
• onboarding, training, and development
• performance management and evaluation
• compensation and benefits

Question 3

What are the factors of HR Demand Forecast?

Answer 3

• determination of people needed within a future period

- estimation of the current number of team members with the ability to fill various organizational roles in the future

Question 4

Create the flow of HRM Process!

Question 5

What is a selection process? And what are the steps?

Answer 5

Selection process finds candidates from the applicant pool that have the skillset and qualifications required to succeed in the role.

1. Initial qualification screneing
2. Employment testing
3. Interview selection
4. Background check
5. Physical examinations and drug testing
6. The decision and offer

Question 6

What is the definition of Performance Management?

Answer 6

PM is the strategic method of creating and sustaining improved employee performance, leading to increased effectiveness and results. For example, yearly performance appraisal.

Question 7

What is the definition of ‘demand of labor’?

Answer 7

The demand for labor is an economic principle, depends primarily on the customer’s demand for a product or service. It is also dependent on labor productivity, product pricing and overall profitability. For example, if the market experienced increased demand for visiting coffee shops, it would lead to an increases demand for baristas.

or

how many workers an employer willing an able to hire at a given wage rate in a given time period

Question 8

What are Human Relation values in Organization?

Answer 8

• Employee Collaboration and Workplace Culture
  Team members must work together on special projects and communicate with one another across various platform. HR supports and stimulates the free flow of ideas and supplies motivation to ensure that organizational goals are met.
• Employee Retention
  Organizations become more financially sound when existing employees stay engaged and interested.
• Productivity and Motivation
  Recognizing an employee’s contributions and values to the company, while showing concern for them as individuals goes a long way in relationship building and making employees feel wanted and needed by the firm.
• Fostering Creativity
  Communication is a key element of creativity because it allows us to share ideas and gain feedback. Without workplace relationship, team members are much less likely to develop innovative ideas and solutions that will help business to survive