Podcast
Questions and Answers
What is one advantage of using advertising as a job posting method?
What is one advantage of using advertising as a job posting method?
It is popular among job seekers and employers.
What is a major disadvantage of employee referrals?
What is a major disadvantage of employee referrals?
It may not be fair to other applicants.
How do employment agencies assist in the recruitment process?
How do employment agencies assist in the recruitment process?
They locate suitable candidates and provide professional hiring advice.
What is a limitation of professional institutions when it comes to job postings?
What is a limitation of professional institutions when it comes to job postings?
What is one advantage of job fairs?
What is one advantage of job fairs?
What is a disadvantage of advertising as a job posting method?
What is a disadvantage of advertising as a job posting method?
What is a benefit of using employee referrals for hiring?
What is a benefit of using employee referrals for hiring?
What is one downside of job fairs?
What is one downside of job fairs?
What are the two major modes of training?
What are the two major modes of training?
Provide one example of on-the-job training.
Provide one example of on-the-job training.
What is a type of off-the-job training?
What is a type of off-the-job training?
What is the purpose of job rotation in on-the-job training?
What is the purpose of job rotation in on-the-job training?
Why might Sum Kee choose off-the-job training for salespersons?
Why might Sum Kee choose off-the-job training for salespersons?
What is indirect compensation?
What is indirect compensation?
Suggest a method of off-the-job training that can enhance sales performance.
Suggest a method of off-the-job training that can enhance sales performance.
Name one purpose of providing indirect compensation to employees.
Name one purpose of providing indirect compensation to employees.
State another purpose of providing indirect compensation.
State another purpose of providing indirect compensation.
What type of learning does programmed learning focus on?
What type of learning does programmed learning focus on?
How do bonuses and commissions motivate employees?
How do bonuses and commissions motivate employees?
What is the combined approach of apprenticeship training?
What is the combined approach of apprenticeship training?
What is one advantage of using bonuses over merit pay?
What is one advantage of using bonuses over merit pay?
What suggestion did Johnny make regarding the remuneration system?
What suggestion did Johnny make regarding the remuneration system?
What characteristics of staff did Rose mention in response to Patrick's concerns?
What characteristics of staff did Rose mention in response to Patrick's concerns?
What was Patrick's concern about the new remuneration system?
What was Patrick's concern about the new remuneration system?
What is a disadvantage of basing bonuses on individual performance appraisals?
What is a disadvantage of basing bonuses on individual performance appraisals?
How does a performance-based bonus contribute to employee insecurity?
How does a performance-based bonus contribute to employee insecurity?
What impact can a salary freeze have on an employee's sense of belonging?
What impact can a salary freeze have on an employee's sense of belonging?
Why might an unattractive reward fail to motivate employees?
Why might an unattractive reward fail to motivate employees?
What difficulty arises when measuring performance based on teamwork?
What difficulty arises when measuring performance based on teamwork?
How do employee benefits enhance loyalty?
How do employee benefits enhance loyalty?
Why is it necessary to consider non-financial factors when evaluating a project proposal?
Why is it necessary to consider non-financial factors when evaluating a project proposal?
What is the issue with the projected net present value of Johnny's proposal?
What is the issue with the projected net present value of Johnny's proposal?
What are three types of off-the-job training Cathay Pacific Airlines can provide to its pilots?
What are three types of off-the-job training Cathay Pacific Airlines can provide to its pilots?
Name two types of on-the-job training HSBC can provide to inexperienced new tellers.
Name two types of on-the-job training HSBC can provide to inexperienced new tellers.
What is one advantage of coaching in training?
What is one advantage of coaching in training?
What is a disadvantage of coaching?
What is a disadvantage of coaching?
What is one advantage of job rotation?
What is one advantage of job rotation?
How can programmed learning benefit inexperienced new tellers at HSBC?
How can programmed learning benefit inexperienced new tellers at HSBC?
What role does a classroom training play in HSBC's off-the-job training?
What role does a classroom training play in HSBC's off-the-job training?
What type of staff does Johnny believe Sun Fung has, according to Theory Y?
What type of staff does Johnny believe Sun Fung has, according to Theory Y?
What change to the remuneration system did Johnny propose?
What change to the remuneration system did Johnny propose?
What concern did Rose express regarding the working conditions for front-line workers?
What concern did Rose express regarding the working conditions for front-line workers?
What was Patrick's proposed solution for improving worker efficiency?
What was Patrick's proposed solution for improving worker efficiency?
What was the estimated accounting rate of return for the proposed project?
What was the estimated accounting rate of return for the proposed project?
What critique did Johnny provide regarding the project despite a positive accounting return?
What critique did Johnny provide regarding the project despite a positive accounting return?
Name one non-financial factor that should be considered regarding the proposed changes.
Name one non-financial factor that should be considered regarding the proposed changes.
Suggest two methods Sun Fung could use to motivate its staff.
Suggest two methods Sun Fung could use to motivate its staff.
Flashcards
Recruitment
Recruitment
The process of finding and attracting qualified candidates for job openings.
Headhunter
Headhunter
A professional who specializes in finding and recruiting candidates for companies.
Application Letter
Application Letter
A written document submitted by a job seeker to a potential employer, outlining their qualifications and experience.
Advertising
Advertising
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Employee Referral
Employee Referral
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Employment Agency
Employment Agency
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Online Job Posting
Online Job Posting
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Job Fairs
Job Fairs
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What is indirect compensation?
What is indirect compensation?
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What is one purpose of indirect compensation?
What is one purpose of indirect compensation?
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What is another purpose of indirect compensation?
What is another purpose of indirect compensation?
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What is a bonus reward?
What is a bonus reward?
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What is a commission reward?
What is a commission reward?
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What is a performance based bonus?
What is a performance based bonus?
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What is one advantage of a bonus reward system?
What is one advantage of a bonus reward system?
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What is another advantage of a performance-based bonus system?
What is another advantage of a performance-based bonus system?
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Commission based salary
Commission based salary
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Performance based salary
Performance based salary
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Performance Appraisal
Performance Appraisal
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Unstable Income
Unstable Income
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Bias in Performance Appraisal
Bias in Performance Appraisal
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Employee Benefits
Employee Benefits
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Accounting Rate of Return (ARR)
Accounting Rate of Return (ARR)
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Net Present Value (NPV)
Net Present Value (NPV)
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Coaching
Coaching
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Job rotation
Job rotation
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Apprenticeship training
Apprenticeship training
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Classroom training
Classroom training
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Programmed learning
Programmed learning
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Simulated training
Simulated training
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Off-the-job training
Off-the-job training
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On-the-job training
On-the-job training
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Theory Y
Theory Y
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Theory X
Theory X
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Accounting Rate of Return
Accounting Rate of Return
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Performance-Based Bonus System
Performance-Based Bonus System
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Win-Win Situation
Win-Win Situation
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Ergonomics
Ergonomics
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Robotic Arms
Robotic Arms
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Study Notes
Manpower Planning and Staffing
- Manpower planning is crucial for ensuring a company has enough qualified employees to achieve its objectives.
- It provides a basis for other HRM functions.
- Manpower planning helps avoid mismatches in manpower by matching personnel activities with future objectives.
- It helps companies adjust to environmental changes by matching manpower requirements to changes.
- It ensures companies comply with government employment regulations.
Manpower Planning Process
- Step 1: Forecast manpower demand: The company needs to predict the quantity and quality of manpower required.
- Step 2: Estimate manpower supply: Assess turnover rate, retirement policies, and attrition rate.
- Step 3: Compare manpower demand and supply: Identify any shortages or skill deficiencies.
- Step 4: Develop action plans and follow up: Plan recruitment and training and development activities.
External Recruitment
- Job advertisement: Advantages include broad reach and cost-effectiveness; disadvantages could include many unsuitable applications.
- Employee referral: Advantages include pre-screening by existing employees and reduced orientation efforts; disadvantages might not reach a wide enough pool of candidates.
- Employment agencies: Advantages include specialized recruitment expertise and wider recruitment networks; disadvantages are they often have higher fees.
- Job fairs: Advantages include attracting many applicants quickly and cost-effectiveness; disadvantages might not attract high-calibre candidates.
Staffing Process
- Step 1: Recruitment: Identify suitable candidates using job descriptions and job specifications.
- Step 2: Selection: Evaluate applications and perform preliminary screening, then interviews.
- Step 3: Employment: Choose the best candidate for the job, then offer a contract to the selected candidate.
Advantages of External Recruitment
- Wider networks: Access to a greater pool of potential candidates.
- Expert advice: Gaining access to professionals in recruitment.
- Fresh ideas: Obtaining fresh perspectives and new approaches.
Disadvantages of External Recruitment
- High costs: The higher overall costs in recruitment.
- Time consuming: Longer time required to find suitable candidates.
- Risk of unsuitable candidates: Higher chance of attracting unqualified or unsuitable candidates.
HRM Different Job Posting Methods
- Internal Recruitment (Examples: transferring employees from one department to another or from one district to another of the Hong Kong or promoting them to a higher position)
- External Recruitment (Examples: using job advertisements or employment agencies)
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