Test 2 - HR Planning & Recruitment Flashcards
The Importance of Planning
Societal trends and events affect employers
- Consumer markets affect the demand for goods and services
- Labor markets affect the supply of people to produce those goods and services
Keys to effective labor market utilization
- Have a clear idea about the current configuration of the staff (strengths and weaknesses)
- Know where the organization is going in the future (goals and strategy)
- Address discrepancies between the current configuration and the needed configuration (strategy implementation)
Forecasting: Determining Labor Demand
- Forecasts developed around specific job categories or skill areas relevant to the organization’s current or future state
- Statistical and Judgmental methods
Forecasting: Determining Labor Supply
- Analysis of how many people are currently in various job categories within the organization
- Modification of the analysis to reflect changes in the near future
– Retirements, promotions, transfers, voluntary turnover, terminations - Statistical and judgemental methods
Forecasting: Determining Labor Surplus or Shortage
- Compare forecast labor demand and supply figures for the respective job categories to determine whether there will be a labor shortage or surplus
– Labor demand > Labor supply –> Labor shortage
– Labor demand < Labor supply –> Labor surplus - Determine what to do about potential associated problems
Strategies to reduce an expected labor surplus
Downsizing, pay or hour reductions, demotions, transfer, work sharing, hiring freeze, natural attrition, early retirement, retraining
Strategies to avoid an expected labor shortage
Overtime, temporary employees, outsourcing, retrained transfers, turnover reductions, immigration, new external hires, technological innovation
The Special Case of Affirmative Action Planning
Human resource planning for protected subgroups within the labor force
- Forecasting and monitoring of proportions of protected groups
- Workforce utilization review to compare the proportion of employees in the subgroups to the proportion of the subgroups in the relevant labor market
- Complement affirmative action plans with communication programs spelling out the needs and benefits of these programs to decrease perceptions of unfairness among non-minority members
Recruitment
- the practice or activity of identifying and attracting potential employees
- comes into play when the HR planning process indicates that a labor shortage is expected
Recruitment IS NOT
- Generating as many applicants as possible
- Finely discriminating among reasonably qualified applicants
Personnel Policies
Affect the nature of the vacancies for which people are recruited and are communicated via the recruitment message
Types of Personnel Policies
- Job security & internal vs. external recruiting
- Extrinsic & intrinsic rewards
- Image advertising
Job security & internal vs. external recruiting
- Promotion from within policy signals opportunities for advancement (increase motivation, reduce potential creativity)
- Due process policies formally lay out the steps an employee can take to appeal a termination decision (promote job security and long-term commitment)
- Employment-at-will policies state that either the employer or the employee can terminate the employment relationship at any time, regardless of cause (promote job insecurity and no commitment)
Extrinsic Rewards
- “Lead-the-market” approach to pay (give more than the competition)
- Pay as a way to compensate for less desirable jobs or features of jobs
- Signing bonuses
- Benefits (ex: caregiving programs, tuition reimbursement, work-life balance/flexibility programs)
Intrinsic Rewards
- Personal growth and learning opportunities
- Fulfillment and purpose
- Pride and accomplishment
- Autonomy
- Respect and relationships