People knowledge domain (18% of exam) Flashcards
people knowledge domain
describe the people knowledge domain
create and set the strategic direction of the hr function, find talent, engage and retain them through L&D and total rewards
people knowledge domain
what are the functional areas of the people knowledge domain?
1) HR Strategy
2) Talent acquisition
3) engagement and retention
4) learning & development
5) total rewards
people knowledge domain
Describe HR strategy as a functional area of the People domain
functional area
activities needed to
develop
implement
manage
evaluate
the strategic direction required to achieve org success and create stakeholder value.
people knowledge domain
what are some examples of approaches to project management?
Approaches to project management and processes
HR Strategy key concepts
- traditional
- Lean Six Sigma
- agile
- critical chain
- design thinking
- Kaizen
people knowledge domain
traditional project management (waterfall model)
Approaches to project management and processes
HR Strategy key concepts
- one of oldest/widely used methods proven successful
- structured framework for planning, execution and managing proejcts to achieve specific goals and deliverables
- follows linear/sequential process (waterfall method) where each phase is dependent on completion of the other.
- key advantage is detailed planning and documentation (scope, timeline, resource requirements, potential risks) allowing for better control and coordination throughout the project life cycle. *also clear and structured
- defines roles and responsibilities
- PM has the most important role in this approach
https://magnapro.ca/project-management/traditional-project-management/
people knowledge domain
what are the limitations in traditional project management?
Approaches to project management and processes
hr strategy key concepts
- not good/too rigid for projects with evolving requirements or uncertain environments
- lack of flexibility and adaptability can hinder responsiveness to changes or emerging risks.
people knowledge domain
key principles of traditional project management
hr strategy functional area
key concepts
1) clear objectives
2) project planning
3) project organization (roles and responsibilities, accountability)
3) risk management
4) monitoring and control
people knowledge domain
what tools are used in traditional project management?
hr strategy functional area
key concepts
**Gantt chart: **visual representation of project tasks, timelines and dependencies
easily identify critical paths, allocate resources and ensure tasks are completed on time.
PM software that allow project planning and scheduling opportunities (MS Project, Asana, Trello, Basecamp)
people knowledge domain
traditional PM lifecycle
hr strategy functional area
key concepts
1) initiation
2) planning
3) execution
4) monitoring and control
5) closure
people knowledge domain
Lean Six Sigma
hr strategy functional area
key concepts
Combines Lean and Six Sigma: Integrates steps from both methodologies.
Focuses on process improvement: Aims to enhance processes and reduce waste.
**Used in manufacturing, service, and transactional processes.
Increases efficiency: Helps organizations work more efficiently.
Reduces costs: Aims to lower operational costs.
Improves quality and customer satisfaction: Enhances product/service quality and boosts customer satisfaction.
people knowledge domain
what is six sigma?
hr strategy functional area
key concepts
method that helps to identify and fix weaknesses in processes or results in higher errors.
specifically to the goal of reducing manufacturing defects
used by many companies over the years to save money and improve efficiency
people knowledge domain
six sigma methodology (DMAIC)
hr strategy functional area
key concepts
DMAIC (used to improve an existing business process)
Define: Identify your need.
Measurement: Assess the current process and determine its effectiveness.
Analyze: Use data for evaluating current processes to identify areas where there are potential improvements or defects.
Improve: Make improvements and improve your process to help you achieve your goals.
Control: Create a system that will keep the process improved and anticipate potential roadblocks.
https://sixsigmadsi.com/lean-six-sigma-project-management/
people knowledge domain
six sigma methodology (DMADV)
best used to plan a process that doesn’t exist yet (i.e. creating new products or improving customer relations)
hr strategy functional area
key concepts
Definition: Establish the client’s/customer’s needs.
Measure: Use data to evaluate customer needs, respond to a product/service, and the product/service’s capabilities.
Analyze: Review the data to develop new goals and designs that meet client or customer needs.
Design: Use findings to create a product, process, or service that better addresses customer needs.
**Validate: **Test the design. Deliver it to the client. Create a plan to track its success in meeting customer needs.
https://sixsigmadsi.com/lean-six-sigma-project-management/
people knowledge domain
key principles of lean six sigma in PM
hr strategy functional area
key concepts
1) DMAIC
2) Customer focus (projects initiated based on customer feedback)
3) data-driven decision making: statistical analysis to find opps for improvement and drive decision making; used to determine root cause
4) continuous improvement: projects not complete until desired outcomes are sustained over time
5) Team-based approach: involves employees from all org levels
people knowledge domain
six sigma visual aid
hr strategy functional area
key concepts
people knowledge domain
agile PM approach overview
hr strategy functional area
key concepts
PM methodology that focuses on breaking the larger project lifecycle into more approachable portions of time and smaller tasks.
Prioritizes the delivery of a working product throughout the process, allowing the project team and all types of stakeholders involved to work closely together during the course of the project execution while providing feedback—not just during the project post-mortem.
people knowledge domain
characteristics of agile PM approach
hr strategy functional area
key concepts
less rigid
which gives teams the ability to pivot in new directions as needed and adapt to changing circumstances or project needs
rooted in software devlopment
https://www.forbes.com/advisor/business/what-is-agile-project-management
https://project-management.com/agile-project-management/
people knowledge domain
when to consider agile approach
hr strategy functional area
key concepts
if you are trying to hit a moving target and you need to get the most out of the time and resources at your disposal, then Agile might be the answer to your problems.
consider the team/people; they’re the most important factor in agile
people knowledge domain
what is critical chain PM and when should you use it?
hr strategy functional area
key concepts
helps you monitor essential resources and prioritize dependent tasks—so you can complete projects as efficiently as possible
If your team is looking to carefully monitor the usage of resources
https://asana.com/resources/critical-chain-project-management
people knowledge domain
How is critical chain PM useful?
hr strategy functional area
key concepts
identify key bottlenecks or limiting factors standing in the way of your project’s completion.
The idea is that every project has one main constraint and this constraint has the ability to disrupt the entire project by breaking the weakest chain.
the critical path focuses on the absolutely necessary tasks to get the project done
builds resource buffers into the project timeline
related to theory of constraints
https://asana.com/resources/critical-chain-project-management
people knowledge domain
design thinking
Approaches to project management and processes
hr strategy key concepts
user-centric process of finding solutions
observe and empathize with stakeholders’ needs.
Instead of focusing solely on the challenge itself, design thinking considers who is impacted and concentrates on resolving the issues created by the challenge
A design thinking methodology transforms HR from a process-oriented structure to a people-oriented system
https://www.aihr.com/blog/design-thinking-hr/
people knowledge domain
Kaizen
Tom Peters - Thriving on Chaos
Approaches to project management and processes
hr strategy key concepts
quest for perfection aka continuous improvement
MBWA (management by walking around; those closest to the process are the best to ID improvements)
https://www.aihr.com/blog/design-thinking-hr/
people knowledge domain
describe the HR strategy functional area
hr strategy functional area
key concepts
Activities required to design, implement, manage and evaluate activities that will create stakeholder value
people knowledge domain
what is the strategic planning process?
hr strategy functional area
key concepts
People domain
blue ocean strategy
Strategic planning analysis frameworks
HR strategy key concepts
generates new demand and market spaces with no or very low competition
pursues value innovation
no pricing pressure, allowing the company to differentiate its product/services and offer a low cost
People domain
blue ocean strategy framework
Strategic planning analysis frameworks
HR strategy key concepts
- raise
- eliminate
- reduce or
- create
to generate value and fill market gaps
People domain
industry analysis
Strategic planning analysis frameworks
HR strategy key concepts
- tool to understand positioning in the market
- id threats, opps facing the business
- develop unique capabilities that lead to competitive advantage
Industry life-cycle:
- intro
- growth
- maturity
- decline unless org continues to update core functions
People domain
location-specific analysis
Strategic planning analysis frameworks
HR strategy key concepts
Location analysis evaluates a location’s potential, namely in terms of labor market supply, labor costs, workforce demand, and competitors.
People domain
scenario planning
Strategic planning analysis frameworks
HR strategy key concepts
Scenario planning is a strategic planning methodology that helps an organization plan for the future with flexibility built in to hedge one’s bets by considering other possible outcomes. In scenario planning an organization begins with a deep understanding of their business strategy and then considers trends and uncertainties the organization is facing in order to help refine their plans for a specific issue.
One of the first well documented uses of scenario planning was conducted by Royal Dutch/Shell in the 1970s to predict oil production levels
https://www.shrm.org/executive-network/insights/people-strategy/using-sc
People domain
growth-share matrix
Strategic planning analysis frameworks
HR strategy key concepts
- aka Boston box, Boston matrix (developed by BCG)
- helps analyze product lines
- x axis = market share (% of market a company owns) and y axis = market growth (rise in market size)
People domain
real-time
Strategic planning analysis frameworks
HR strategy key concepts
strategic planning used to address rapid changes within the organization
people domain
EVP
Methods for creating and maintaining a positive employee value propositi
talent acquisition key concepts
An employee value proposition is the unique value you offer as an employer to your employees in return for their skills, experience, and commitment to your company.
This includes components like salary, benefits, rewards, career development, and work-life balance, as well as your values, mission, social purpose, and organizational culture.
people domain
Employment branding (reputation)
Methods for creating and maintaining a positive employee value propositi
talent acquisition key concepts
- process of promoting a company/organization as employer of choice to desired targeted group that company wants to recruit and retain (what do they think of you?)
- identity must be true, credible, relevant, distinctive and aspirational; done through extensive research
people domain
Employment branding best practices
Methods for creating and maintaining a positive employee value propositi
talent acquisition key concepts
- manage expectations and perceptions of job candidate target groups
- ID key words that describe company as a good place to work (recruit task force, focus group)
people domain
what is a job analysis and what are the purposes?
Job analysis and identification of job requirements
talent acquisition key concepts
- determine level of responsibility in a job and how it impacts the overall organization
- include types of physical and mental conditions in which the job operates
Purposes:
- prepare for significant growth or expansion
- needs analysis for employee training
- workforce planning
people domain
job requirements and qualifications (specifications)
Job analysis and identification of job requirements
talent acquisition key concepts
Qualifications encompass the education, skills, and experience that an individual possesses, making them apt for a particular role or job. On the other hand, requirements are set criteria or conditions that must be met for a particular job, task, or activity
https://www.askdifference.com/qualification-vs-requirement/#google_vigne
people domain
task inventory analysis
Job analysis and identification of job requirements
talent acquisition key concepts
inventory of all the tasks that a job consists of and tasks are grouped under their duties
indicate each task’s frequency, importance, and associated difficulty
people domain
critical incident technique
Job analysis and identification of job requirements
talent acquisition key concepts
relies on observed critical incidents, which are behaviors that represent either outstanding or unacceptable performance
- A description of the context and circumstances leading up to the incident.
- The behaviors of the employee(s) during the incident.
- The consequences of the behaviors and their broader impact.
people domain
position analysis questionnaire
Job analysis and identification of job requirements
talent acquisition key concepts
structured job analysis questionnaire
evaluates the skill level and basic characteristics required of workers to successfully execute the tasks, duties, and responsibilities of a job.
The PAQ was developed at Purdue University by McCormick, E.J., & Jeanneret, and Mecham in 1969.
people domain
sourcing v recruiting
Methods for external and internal sourcing and recruiting
talent acqusition key concepts
- sourcer: finds passive candidates; sourcer is a hunter; creates interest and drives talent to the org; passes to the recruiter
- recruiter: manages the relationships; guides candidates thru hiring process - a lot of admin/going back and forth until the job is filled
people domain
internal v external recruiting
Methods for external and internal sourcing and recruiting
talent acqusition key concepts
**internal: **look for ppl to fill roles internally - intranet, ERGs, teams, promotion
external: job boards, social media, website, referrals (ask new hires who else they may recommend to the company)
people domain
talent pipelines
Methods for external and internal sourcing and recruiting
talent acqusition key concepts
A talent pipeline is a cohort of passive candidates who you have previously engaged with and who are fit to fill future roles that might open up within your company.
Talent pipelines necessarily require a proactive mindset, and creating a talent pipeline is a strategic process that relies on a deep understanding of the future of a company.
https://recruitment.com/process/talent-pipeline
people domain
personality tests
methods for selection assessment
talent acquisition key concepts
Personality tests help evaluate the candidate’s character traits to better understand the person’s values, motivation, and common behaviors to understand how they’d fit in the role.
people domain
assessment centers
methods for selection assessment
talent acquisition key concepts
An assessment center or assessment day is a recruitment event that’s usually run towards the end or as the final stage of the hiring and selection process. They’re most commonly used to hire for graduate, leadership, and board membership roles.
Assessment centers are high-pressure environments where shortlisted candidates are put through a combination of tests and activities such as psychometric tests, interviews, live exercises, and more.
Most assessment days are in-person events that last from anywhere between half a day to two days. They’re usually conducted at the company’s offices or an external facility or hotel.
The purpose of an assessment center test is to evaluate candidates on several factors including their skills, competencies, traits, and so on, before making a final decision about their suitability for the role and the company
https://www.testgorilla.com/blog/assessment-center-effectiveness/
people domain
individual or panel interviews
methods for selection assessment
talent acquisition key concepts
individual: one-on-one interview; done sequentially
panel interview - questions are distributed among a group of interviewers to meet with a candidate
people domain
physical tests/evaluations
job offer contingencies
talent acquisition key concepts
measure the physical ability to perform a particular task or the strength of specific muscle groups, as well as strength and stamina in general
https://www.eeoc.gov/laws/guidance/employment-tests-and-selection-procedures#:~:text=1.%20Employers%20should%20administer
people domain
psychological test types
methods for selection assessment
talent acquisition key concepts
- personality test (Big 5 Model, MBTI)
- cognitive ability (problem solving, critical thinking, learn new skills)
- EQ (interpersonal relationships)
- Integrity & ethics assessments (finance, healthcare)
- situational judgement tests
https://neurolaunch.com/psychological-tests-for-employment/
people domain
cost per hire (CPH)
Talent acquisition metrics
talent acquisition key concepts
a metric that measures the costs related to recruiting and hiring employees
CPH = external costs + internal costs (salary, benefits and technology) / total number of hires in a period
people domain
time to fill (TTF)
- gives insight into how long it will take to hire someone so management knows how to redistribute work; gives insight into recruiting budget
Talent acquisition metrics
talent acquisition key concepts
people domain
what is recruitment yield ratio (ryr) and why is it beneficial?
talent acquisition metrics
talent acqusition key concepts
ratio of applicants that found the job posting from different advertisements
- can help a company figure out the proportion of successful candidates from a specific source
people domain
how to calcultate recruitment yield ratio (ryr)
talent acquisition metrics
talent acqusition key concepts
people domain
interview-to-offer ratio
talent acquisition metrics
talent acqusition key concepts
number of candidates interviewed for the position to the number of employees actually hired for a position
people domain
recruiting source yield (RSY)
talent acquisition metrics
talent acqusition key concepts
quality of hire and recruiting source
people domain
positive organizational culture
Approaches to developing and maintaining a positive organizational cultu
Employee Engagement & Retention
people domain
benefits of positive workplace culture
Approaches to developing and maintaining a positive organizational cultu
Employee Engagement & Retention
- enhanced health
- better employee engagement
- greater loyalty
- fewer absences
- better business performance
- increased innovation and creativity
people domain
engagement
job-attitude theories and basic principles
Employee Engagement & Retention
degree to which an employee is connected to all aspects of the cmpany and works to help the org grow and reach its goals
might volunteer or offer ideas (involved beyond just doing their job)
people domain
satisfaction
job-attitude theories and basic principles
Employee Engagement & Retention
how much satisfaction a person gets from doing their job
(can directly relate to their attitude)
how they do their job and how the company views how they do their job
- recognition
- comp
- ability to grow
- responsibility commensurate with comp
people domain
commitment
job-attitude theories and basic principles
Employee Engagement & Retention
- organization should show they care about employee and their well-being (i.e. massage chairs, meals, daycare)
- build loyalty and emotional connection
people domain
involvement
job-attitude theories and basic principles
Employee Engagement & Retention
how engaged a person is doing their job and level of enthusiasm they have for doing it
- ppl who go above and beyond or not meeting the mark
people domain
job redesign
Job-design principles and techniques
employee engagement & retention key concepts
looks specifically at ways to expand an employee’s job by:
- redesigning certain aspects relating to scope and depth of what it is that an employee does and is responsible for at the organization
give employee interest
people domain
job enrichment
Job-design principles and techniques
employee engagement & retention key concepts
- provides employee with more tasks to do as part of their jobs and
- gives the responsibility and authority to the employee to complete those additional tasks
- works when additional tasks that align with employee’s skills and interests