Prelim Flashcards
If there are not enough people in the ________ _______ with the required skills or background, then efforts to recruit and hire will fail, as well the overall growth strategy.
labor force
It is the process of forecasting the supply and demand for human resources within an organization and developing action plans for aligning the two.
HUMAN RESOURCE PLANNING
The Human Resource Planning Process
- Forecasting the Supply of Human Resources
- Forecasting the Demand of Human Resources
- Comparing Forecasted Labor Supply and Labor Demand
- Taking Appropriate Actions
Two major concepts in HR planning
o Labor Demand is the organization’s projected human resources requirement.
o Labor Supply is the organization’s source of workers to meet demand requirements.
It involves predicting the availability of current or potential employees with the skills, abilities, and motivation to perform jobs that the organization expects to have available.
FORECASTING THE SUPPLY OF HUMAN RESOURCES
Several mechanisms can help managers forecast the supply of human resources in regard to current employees.
o Looking at the internal records (201 files)
o Looking at the trends (Check the extent to which people leave their jobs voluntarily or involuntarily.)
An increasingly important element in the the HR planning process
human resource information system
It is an integrated and increasingly automated system for maintaining a database regarding the employees in an organization.
human resource information system
details of an employee in an human resource information system
- date of hire
- job history within the organization
- education
- performance ratings
- compensation history
- training and development profile
- various special skills and abilities.
9 Labor Trends and Issues
- Baby Boomer Gen ages
- Declining birthrates
- Improved health and medical care (productivity increase)
- Mandatory retirement age requirement increases
- More women entering workforce
- Shift on population
- Employee Diversity
- Mathematical trends model (Use of Data analytics)
- Executive succession - systematically planning for future promotions
One important ingredient in this assessment is the organization’s own strategic plans regarding anticipated growth, stability, or decline.
FORECASTING THE DEMAND FOR HUMAN RESOURCES
These are investments people make in themselves to increase their value in the workplace. These investments might take the form of additional education or training.
Human Capital Investments
The percentage of individuals looking for and available for work who are not currently employed.
Unemployment Rates
Prevailing wage rate for a give job in a given labor market.
Market Wage Rate/Minimum Wage
Labor Supply exceeds Labor Demand
- Layoffs
- Attrition and Hiring Freezes
- Early Retirement
- Promotions, Transfers, and Demotions
Labor Supply equals Labor Demand
Status Quo – maintain the firm’s employment levels
Labor Demand exceeds Labor Supply
- Employee Overtime
- Contingent Labor
- Employee Retention
- Promotion. Transfers, and Demotions
- New Hires
This refers to the process of gathering and organizing detailed information about various jobs.
JOB ANALYSIS
These are the fundamental requirements necessary to perform a job.
Knowledge, Skills, and Abilities (KSAs)
condition of being aware of something (facts or concepts).
Knowledge
feelings, emotions, beliefs, or values about something.
Attitudes
ability to perform tasks or activities measured in time and precision.
Skills
Job Analysis and Other Human Resource Functions
Selection process, Performance appraisal, Training and development, Compensation
Steps in Job Analysis
- Determining information needs
- Determining methods for obtaining information
- Determining who will collect information
Individuals who perform job analysis in an organization
Job analysts
Individual who is highly knowledgeable about a particular job
Subject matter expert (SME):
Database that provides both basic and advanced job-analysis information.
Occupational Information Network (O*NET)
It is simply having one or more SMEs prepare a written narrative or text description of the job.
Narrative Job Analysis
It defines abilities as the enduring attributes of individuals that account for differences in performance; it relies on the taxonomy of abilities that presumably represents all the dimensions relevant to work.
Fleishman Job Analysis System
This is a family of job-analysis methods, each with unique characteristics; each focuses on analyzing all the tasks performed in the focal job.
Task-Analysis Inventory
According to this approach, all jobs can be described in terms of the level of involvement with people, data, and things.
Functional Job Analysis
A standardized job-analysis instrument consisting of 194 items that reflect work behavior, working conditions, and job characteristics that are assumed to be generalizable across a wide variety of jobs.
Position Analysis Questionnaire
A standardized job-analysis instrument, similar in approach to the PAQ, that also contains 197 items.
Management Position Description Questionnaire
Focuses on critical behaviors that distinguish effective from ineffective performers
Critical Incidents Approach
It lists the tasks, duties, and responsibilities for a particular job.
JOB DESCRIPTION
It focuses on the individual who will perform the job and indicates the knowledge, abilities, skills, and other characteristics that an individual must have to be able to perform the job.
JOB SPECIFICATION
It consists of people with formally assigned roles who work together to achieve the organization’s goals.
organization
Someone who is responsible for accomplishing the organization’s goals, and who does so by managing the efforts of the organization’s people.
manager
These are the people an organization employs to carry out various jobs, tasks, and functions in exchange for wages, salaries, and other rewards.
human resources
It refers to the comprehensive set of managerial activities and tasks concerned with attracting, developing, and maintaining a qualified workforce—human resources—in ways that contribute to organizational effectiveness.
human resource management
The role of HRM has become quite important partly from a growing realization of the importance of people as a source of _____________ ______________.
competitive advantage
HRM function also came to require dedicated professionals who could balance ________ and _________ concerns with the need of organizations to survive and be profitable.
legal and ethical
Managers around the world have come to understand that properly managed ________ __________ can be an important source of competitive advantage in an increasingly competitive world.
human resources
It is the process of hiring outside firms to handle basic HRM functions, presumably more efficiently than the organization could.
outsourcing
At the same time that HR managers were taking on a more strategic role, many organizations began shrinking the more _____________ _______ played by HR managers.
traditional roles
It is one of the earliest approaches to management, was concerned with structuring individual jobs to maximize efficiency and productivity.
scientific management
The major proponents of scientific management
Frederick Taylor (father of scientific management)
Frank and Lillian Gilbreth (time and motion studies)
These are some of the businesses that grew into big companies during the scientific management era.
GM, Bethlehem Steel (1899), Ford Motor company (1903), Boeing (1916)
It was the first company to establish a corporate employment department to deal with employee concerns in 1900.
B.F. Goodrich
They set up a similar department in 1902 to deal with employee grievances, wages and salaries, and record keeping.
National Cash Register (NCR)
This instigated the human relations era and helped develop other theories to understand employee character.
Hawthorne studies