Second Exam Flashcards
What is a labor supply?
The number of available workers who possess the required skills that an employer might need.
What is labor demand?
The number of workers an organization needs.
What is HR planning?
The process an organization uses to ensure that it has the right amount and right kind of people to deliver a particular level of output or service.
What are two parts of HR planning?
- Forecast the labor demand
2. Estimate the labor supply
What is a labor surplus?
Supply > Demand. If the company already has too many people, layoffs will occur.
What is a labor shortage?
Demand > Supply. The company would need to provide training and development in order to get qualified workers.
What is an internal labor market?
Existing employees inside the organization.
What is an external labor market?
People outside the organization.
What are the four parts of the hiring process?
- HR planning
- Recruitment
- Selection
- Socialization
What is recruitment?
The process of generating a qualified pool of candidates for a job.
What is socialization?
The process of getting new employees orientated.
What is promotion from within?
Filling vacancies above entry-level positions with current employees.
What are the benefits and drawbacks of promoting from within?
Benefits: Cuts down on training and recruitment costs, improves morale of other employees.
Negatives: Cuts down on new points of view and ideas that could be brought into the organization by someone else.
What are three other sources of internal recruitment?
- HR databases
- Job posting/bidding
- Employee referral (big one) - if they refer too many people like themselves, they can get in trouble for lack of “diversity.”
What are some external recruitment SOURCES?
- Schools
- Competitors
- Military personnel
What are some external recruitment METHODS? (other than the internet)
- Media advertising
- Employment agencies
- Recruiters and job fairs
What is the flypaper method of recruiting?
Emphasizing only the good points of the job, trying to get as many applicants as possible. This results in unrealistic expectations and high turnover.
What is a realistic job preview?
An honest method of recruitment. Results in less turnover.
How does a company know what recruitment sources to use? (Three ways)
- Yield ratios
- Cost-per-hire
- Applicant quality
What is selection?
The process of choosing the individual best suited for a particular position and organization from a group of applicants.
Why is selection important?
Goal is to properly match people with jobs and organization. Selecting the wrong person for any job can be costly.
What are some factors affecting the selection process?
- Other HR functions
- Legal considerations
- Decision-making speed
- Organizational hierarchy
- Applicant pool
What is preliminary screening?
The process of eliminating clearly unqualified job applicants early in the selection process.
What is the Review of Applications?
When they’re looking at the job applications tuned in. The application form must reflect firm’s informational needs and EEO requirements.
A preprinted job application will include what three things?
- Certifies that information provided is accurate
- Should state position is employment at will.
- Gives permission for background check.
What is a resume?
Goal-directed summary of a person’s experience, education, and training developed for use in the selection process.
Professional/managerial applicants often begin selection process by doing what?
Submitting their resumes! Serious positions usually don’t receive simple applications.
Most large companies use what?
Keyword seekers (in resumes). Applicant tracking system.
What are selection tests?
Reliable and accurate means of selecting qualified candidates. Cost is small. Identify attitudes and job-related skills that interviewers cannot recognize.
What are three potential problems with selection tests?
- What they can do vs what the WILL do (they might do well on a test, but not for real)
- Test anxiety
- Adverse impact: if a minority cannot pass the test, hello lawsuit.
What are six characteristics of properly designed selection tests?
- Standardization - all tests are done in same setting
- Objectivity
- Norms
- Reliability - consistent results
- Validity - accurate results
- Job relatedness
What are two different ways of testing the validity of selection test?
- Content validity: includes certain tasks actually required by the job (like testing someone on their ability to use Excel).
- Criterion-related validity: comparing scores on selection tests to some aspect of job performance.
What are examples of concurrent and predictive validity (both are criterion-related)?
An example of concurrent validity is a comparison of the scores of the CLEP College Algebra exam with course grades in college algebra to determine the degree to which scores on the CLEP are related to performance in a college algebra class. An example of predictive validity is a comparison of scores on the SAT™ with first semester grade point average (GPA) in college; this assesses the degree to which SAT scores are predictive of college performance.
What are a few types of employment tests?
- Cognitive aptitude test - judges IQ
- Psychomotor abilities
- Job knowledge
- Work-sample
What is an employment interview?
Goal-oriented conversation where interviewer and applicant exchange information. This is the primary method for evaluating applicants.
As an interviewer, you want to obtain what information from the interviewee?
- Occupational experience
- Academic achievement
- Interpersonal skills
- Personal Qualities
As an interview, what information do YOU provide for the interviewee?
- Company
- Job
- Expectations