Employee Leasing Advantages and Disadvantages

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Questions and Answers

What is one aspect that managers must consider when creating a positive HR environment?

Offering the highest salaries in the market

Ensuring compliance with laws and ethics (correct)

Limiting employee training programs

Implementing the latest technology

What is the primary purpose of recruitment within an organization?

To reduce the hiring process time

To only select internal candidates for positions

To eliminate the need for job training

To provide a pool of qualified job candidates (correct)

Which factor is considered an external factor affecting staffing forecasts?

Budget constraints

Expected employee separations

Unemployment rates (correct)

Sales increases

Which statement accurately defines job analysis?

It combines both job descriptions and specifications. Signup and view all the answers

What is included in a job description?

The list of tasks, duties, and responsibilities Signup and view all the answers

Which analysis focuses specifically on the duties of the job?

Task-based Analysis Signup and view all the answers

What is a common internal factor that influences workforce planning?

Sales fluctuations Signup and view all the answers

Which of the following is NOT generally considered an external factor in staffing forecasts?

Employee turnover rates Signup and view all the answers

What distinguishes involuntary turnover from voluntary turnover?

Employees are terminated without their choice. Signup and view all the answers

Which of the following is NOT a type of compensation mentioned?

Performance Reviews Signup and view all the answers

What does the turnover rate formula calculate?

Percentage of separations during a specific period. Signup and view all the answers

What is an example of direct turnover costs?

Severance costs. Signup and view all the answers

Which plan provides extra pay for exceeding a predetermined goal?

Bonus Plan Signup and view all the answers

Which statement accurately describes stock options?

They provide the right to purchase stock at a set price. Signup and view all the answers

Which of the following would be considered a fringe benefit?

Health and dental care benefits. Signup and view all the answers

How is profit-sharing typically distributed within an organization?

Based on the overall profit earned by the organization. Signup and view all the answers

What does the Behaviorally Anchored Rating Scale (BARS) primarily utilize to assess employee performance?

Narrative information from critical incidents Signup and view all the answers

What distinguishes an essay appraisal from other performance appraisal methods?

It includes a narrative addressing specific performance questions. Signup and view all the answers

What is the main goal of the Occupational Safety and Health Administration (OSHA)?

To ensure safe and healthful working conditions Signup and view all the answers

Which of the following is NOT typically overseen by OSHA?

Employee performance evaluations Signup and view all the answers

Which performance appraisal method primarily relies on quantitative rankings assigned to expected behaviors?

Behaviorally Anchored Rating Scale (BARS) Signup and view all the answers

What is the primary goal of safety training in the workplace?

To protect employees from injuries caused by work-related accidents Signup and view all the answers

What is a critical component of OSHA regulations regarding emergency situations?

Means of egress for evacuation Signup and view all the answers

Which training delivery method involves training performed near the worksite?

Vestibule training Signup and view all the answers

How does the essay appraisal method categorize performance?

Through qualitative narrative descriptions Signup and view all the answers

Which element is NOT considered a standard part of workplace safety as per OSHA?

Employee salary negotiations Signup and view all the answers

What characterizes a mandated issue in the workplace?

It usually requires immediate attention and may involve legal matters Signup and view all the answers

How is coaching defined in the context of employee training?

An approved person showing the employee how to complete tasks Signup and view all the answers

Which of the following is NOT considered a performance issue?

Being overly friendly with coworkers Signup and view all the answers

What is the purpose of disciplining an employee?

To correct undesirable behavior Signup and view all the answers

What is typically the best approach to solve a single incident of improper behavior?

Casual conversation with the employee Signup and view all the answers

What type of training is particularly essential for organizations using hazardous materials?

Safety training Signup and view all the answers

What is a major disadvantage of using professional organizations and associations for recruitment?

It may require a fee to place an ad. Signup and view all the answers

Which of the following is an advantage of employee leasing?

The leasing company manages compensation and benefits. Signup and view all the answers

What is a significant disadvantage of internet recruiting?

It may result in a broad candidate pool that is difficult to manage. Signup and view all the answers

How does social media recruitment primarily differ from other recruitment methods?

It offers quicker access to a broader audience. Signup and view all the answers

In the selection process, who is usually responsible for the final hiring decisions?

Managers and supervisors. Signup and view all the answers

What is often a challenge in the selection process when managing resumes?

It is common to deal with hundreds of resumes. Signup and view all the answers

Which of the following is a disadvantage of using social media for recruiting?

It may lead to less control over who interviews candidates. Signup and view all the answers

What advantage does internet recruiting offer over traditional methods?

Faster advertisement to potential candidates. Signup and view all the answers

Study Notes

Recruitment Methods

Professional Organizations and Associations:
- Industry-specific
- Networking opportunities
- Time-consuming and may require fees for advertisement placements
Employee Leasing:
- Leasing company manages compensation and benefits
- A viable alternative to temporary employment
- Possible additional costs and less control over the interview process
Websites/Internet Recruiting:
- Diversity-friendly with low costs and quick processes
- May lead to a broad range of candidates
Social Media:
- Social platforms as a recruiting tool

Selection Process

Involves steps for choosing candidates with appropriate qualifications for job openings.
Managers and supervisors are ultimately accountable for hiring, supported by HRM.

Managing the HR Environment

Creating a positive internal and external HR environment is essential.
Requires linking HRM practices to business objectives (strategic HRM).
Compliance with laws and ethics is vital.
Design work to enhance employee satisfaction while maximizing service and productivity.

Job Analysis

Job Description: List of tasks, duties, and responsibilities.
Job Specifications: Required skills and abilities for performance.
Internal Factors Influencing Job Analysis:
- Budget constraints
- Expected employee separations
- Production levels and sales trends
External Factors:
- Changes in technology and laws
- Unemployment rates and population shifts

Compensation Plans

Commission Plans: Employees earn extra for sales made.
Bonus Plans: Additional pay for meeting set goals.
Profit-Sharing Plans: Annual bonuses based on company profits.
Stock Options: Right to purchase company stock at a set price.

Turnover Costs

Direct turnover costs include leaving, replacement, and transition expenses.
Turnover Rate Formula: (separations during the time period / total employees midmonth) × 100.

Employee Benefits

Fringe Benefits: Includes sick leave, vacation, health memberships, daycare services.
Health Benefits: Health and dental care for employees.
Safety Training: Ensures employee protection from work-related accidents.

Training Delivery Methods

Vestibule Training: Conducted in setting nearby, suitable for orientation and skills training.
Coaching: Involves training by experienced personnel to correct performance.

Performance Issues

Common issues include tardiness, poor personal conduct, and inability to handle sensitive information.
Mandated Issues: Serious issues requiring immediate action (e.g., drug abuse).
Single Incident Issues: Better addressed through casual conversations.

Discipline and Performance Evaluation

Discipline: Correcting undesirable behavior.
Behaviorally Anchored Rating Scale (BARS): Evaluates performance based on clear performance dimensions.
Essay Appraisal: Managers provide qualitative assessments of employee performance.

Occupational Safety and Health Administration (OSHA)

Established in 1970 to enforce health and safety standards in the workplace.
Oversees regulations on various safety aspects including sanitation, noise exposure, and protective equipment.
Standards are critical for all industries, especially manufacturing.

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Description

Explore the pros and cons of employee leasing and its impact on professional organizations. This quiz will help you understand the specific advantages like networking and industry specificity, alongside the potential drawbacks such as time consumption and fees. Dive into the complexities of this employment method!