Midterm Flashcards
Michael Porter’s Model
rival firms, new entrants, suppliers, customers, substitutes
this is step 2: external analysis
strategic analysis
mission, external analysis, internal analysis, strategic formulation, strategy implementation, evaluation
human capital
collective brainpower in an organization
offshoring
the business practice sending jobs to other countries
overall goal is to have money
how do demographics in the labour market impact HR planning
changing demographics means changing in shifts in employee talents
need to have diverse workforce to take every demographic into account
strategic human resource management (SHRM)
the pattern of human resources deployments and activities that enable an organization to achieve its strategic goals
the role of HR managers
good HR managers marry HRP to the strategic planning process for their organizations as a whole
the strategic planning process (6)
mission, vision, and values: identify purpose and scope, HR: capture underlying philosophy
external analysis: opportunities and threats
HR: demographic trend
internal analysis: strengths and weaknesses, core competencies
HR: internal culture, composition
strategy formulation: corporate strat, business strat
HR: productivity and efficiency
strategy implementation: design structure, systems, allocating resources
HR: reconcile S&D, staffinf, layoffs, etc.
evaluation: assessment and benchmarking
HR: HR metrics, balanced scorecard
Differences between pay equity and pay equality
pay equity means equal pay for work of equal value and equal pay for similar or substantially similar work - makes it illegal for employers to discriminate against individuals on the basis of job content
pay equality means equal pay for equal work - men and women are paid the same
diversity management
The optimization of an organization’s multicultural workforce to each business objectives
employment equity and identify key legislation/acts that have helped
improve employment equity
Employment equity refers to the employment of individuals in a fair and non-biased manner. Makes good business sense and contributes to the bottom line
The Canadian human rights act
Employment equity act
Canadian charter of rights and freedoms
Provincial/territorial legislation
how diversity management and employment equity differ from each other
- Diversity management is voluntary; employment equity is not
- Managing diversity is a broader, more inclusive concept, encompassing factors such as religion, personality, lifestyle, and education
- Goal of diversity management is to have the workforce at all levels resemble the population
undue hardship
Undue hardship refers to the point where the financial cost or health and safety risks make accommodation impossible
explain what a “BFOR” is and provide an example
A justifiable reason for discrimination based on business reasons related to safety or effectiveness, which is considered a necessary (not merely preferred) requirement for performing the job
Mandatory age requirement to drive a bus
Discrimination:
to treat someone differently because of a personal characteristic
direct (intentional) discrimination:
deliberate use of a prohibited criteria when making employment decisions, also illegal to have different treatment quality of employees for jobs