Midterm Flashcards
Human Resource Management
consists of an organization’s “people practices”- The policies, practices, and systems that influence employees’ behavior, attitudes and performance.
SHRM
The worlds largest human recource management association, with more than 250,000 professionals the student members throughout the world.
• They provide education and information services, conferences and seminars, government and media representation.
HRM Responsiblies broken down into 3 Parts
Administration services and transactions:
a. Hiring employees, answering questions about benefits, etc.
Business Partner Services:
a. Making HR systems to attract, keep, and develop people with the skills needed
b. Must understand the business to know what it needs
Strategic Partner:
a. Contributing HR strategies to help give the org a competitive advantage
b. Must understand the business, industry, and its competitors
5 Fundamental HRM issues
- Right of free consent
- Right of privacy
- Right of freedom of conscience
- Right of freedom of speech
- Right to due process
Standards for Identifying Ethical Practices
- HRM practices must result in the greatest good for the largest number of people
- Employment practices must respect human rights of privacy, due process, consent, and free speech
- Managers must treat employees and customers equitably and fairly
Credible Activist
- Delivers results with integrity
- Shares information
- Builds trust relationships
- Influences others, providing candid observations, taking appropriate risks
Cultural Steward
- Facilitates change
- Develops and values the culture
- Helps employees navigate the culture (finding the meaning in their work, manage work/life balance, encourage innovation)
Talent Manager/Organizational designer
- Develops talent
- Designs rewards system
- Shapes organization
Strategic Architect
- Recognizes business trends and their impact on the business
- Applies evidence-based HR
- Develops people strategies that contribute to the business strategy
Business Ally
- Understands how the business makes money
* Understands language of business
Operational Executor
- Implements workplace policies
- Advances HR Technology
- Administers day-to-day work of managing people
Skills of HR
Creditable activist Cultural steward Talent manager/organizational designer Strategic architect Business ally Operational executor
Internal Labor Force
consists of the org’s workers; it’s employees and people who have contracts to work at the org
External Labor Force
Individuals who are actively seeking employment
Age Distribution of U.S. Labor Force
- From 2010 to 2020, the fastest growing age group is expected to be workers 55 and older
- The 25 to 44 age group increase slightly
- The 16 to 24 age group will decrease slightly
Challenges of the aging workforce
- Planning retirement
- Retraining older employees
- Motivating workers whose careers have plateaued
- Controlling rising cost of healthcare and other benefits
- Many of tomorrow’s managers will supervise employees much older than themselves
- Find ways to attract, retain, and prepare the youth labor force
Projected Racial/Ethnic Makeup of the U.S. Workforce
• 2020 Racial Category workforce is expected to be:
o 79% White
o 12% African American
o 9% Asian and other
• 2020 Ethnic category of Hispanics is expected to near 19%
Women are expected to make up 47% of the labor force
Knowledge Workers
Employees whose contribution to the organization is special knowledge such as knowledge of customers or knowledge of a process
Employee Empowerment
Giving employees responsibility and authority to make decisions regarding all aspects of product development or customer service.
Teamwork
The assignment of work to groups of employees with various skills who interact to assemble a product or provide a service.
Change in Employment Relationships: (Alternative work arrangements)
Flexible staffing levels
Flexible work schedules
Psychology contract
no stability
no commitment