Podcast
Questions and Answers
What is the primary focus of human resource management?
What is the primary focus of human resource management?
- Product development and innovation
- Attracting, developing, and maintaining an effective workforce (correct)
- Financial planning and budgeting
- Marketing and sales strategies
Which of the following is NOT a function of an HR manager?
Which of the following is NOT a function of an HR manager?
- Compensation and benefits
- Product sales (correct)
- Appraisal
- HR planning
What is a significant challenge that HR managers face today?
What is a significant challenge that HR managers face today?
- Developing technology solutions
- Attracting new customers
- Managing the dynamic external environment (correct)
- Controlling production costs
Which aspect is crucial to the management of knowledge workers?
Which aspect is crucial to the management of knowledge workers?
Why do workers typically organize into labor unions?
Why do workers typically organize into labor unions?
Which of the following is a component of a compensation system?
Which of the following is a component of a compensation system?
What do HR managers need to consider when planning for HR needs?
What do HR managers need to consider when planning for HR needs?
What is recency error in performance appraisal?
What is recency error in performance appraisal?
Which method allows for a comprehensive assessment of an employee's performance?
Which method allows for a comprehensive assessment of an employee's performance?
What is the main goal of providing performance feedback?
What is the main goal of providing performance feedback?
What does managing workforce diversity involve?
What does managing workforce diversity involve?
What distinguishes knowledge workers from traditional workers?
What distinguishes knowledge workers from traditional workers?
What is one approach organizations use to manage predicted shortfalls in labor supply?
What is one approach organizations use to manage predicted shortfalls in labor supply?
How can organizations address overstaffing situations?
How can organizations address overstaffing situations?
What is a primary task in staffing an organization?
What is a primary task in staffing an organization?
What differentiates internal recruiting from external recruiting?
What differentiates internal recruiting from external recruiting?
What is the purpose of a realistic job preview during the recruiting process?
What is the purpose of a realistic job preview during the recruiting process?
Which of the following is NOT a factor to consider when forecasting labor supply?
Which of the following is NOT a factor to consider when forecasting labor supply?
What is one consequence firms faced during the Great Recession regarding workforce management?
What is one consequence firms faced during the Great Recession regarding workforce management?
What does the selection process mainly focus on?
What does the selection process mainly focus on?
Why do organizations strive for a good person-job fit during hiring?
Why do organizations strive for a good person-job fit during hiring?
Which method is specifically focused on safety and learning rather than productivity?
Which method is specifically focused on safety and learning rather than productivity?
What is a primary reason for conducting performance appraisals?
What is a primary reason for conducting performance appraisals?
Which of the following is an example of objective appraisal methods?
Which of the following is an example of objective appraisal methods?
What type of evaluation is used to measure trainees' attitudes before and after training?
What type of evaluation is used to measure trainees' attitudes before and after training?
Which appraisal method could introduce potential biases due to personal opinions?
Which appraisal method could introduce potential biases due to personal opinions?
Why is it important for performance appraisals to be fair and nondiscriminatory?
Why is it important for performance appraisals to be fair and nondiscriminatory?
Which of the following is NOT an objective measure of performance?
Which of the following is NOT an objective measure of performance?
What is a common flaw associated with judgmental appraisal methods?
What is a common flaw associated with judgmental appraisal methods?
Which training method allows employees to practice using tools and materials?
Which training method allows employees to practice using tools and materials?
What measurement approach is used to validate performance appraisal systems?
What measurement approach is used to validate performance appraisal systems?
What are benefits programs primarily aimed to provide beyond wages and salaries?
What are benefits programs primarily aimed to provide beyond wages and salaries?
What is one potential issue companies face regarding retirement plans?
What is one potential issue companies face regarding retirement plans?
Cafeteria benefits plans allow employees to:
Cafeteria benefits plans allow employees to:
What is a key difference between training and development in the workforce?
What is a key difference between training and development in the workforce?
Why might not all performance issues be attributed to a lack of training?
Why might not all performance issues be attributed to a lack of training?
What should managers do when developing a training program?
What should managers do when developing a training program?
What type of insurance is required by law for compensating workers injured on the job?
What type of insurance is required by law for compensating workers injured on the job?
Which benefit is commonly offered by public companies at discounted rates?
Which benefit is commonly offered by public companies at discounted rates?
What is an essential first step in developing a training plan according to good practices?
What is an essential first step in developing a training plan according to good practices?
Which benefit is NOT a typical inclusion in benefits programs?
Which benefit is NOT a typical inclusion in benefits programs?
Flashcards
What is Human Resource Management?
What is Human Resource Management?
Human Resource Management (HRM) focuses on attracting, developing, and retaining qualified employees to ensure an effective workforce.
What are Human Resources?
What are Human Resources?
Human resources are the people, or the workforce, that make up an organization.
Why is HRM strategically important?
Why is HRM strategically important?
HRM is a crucial strategic function because it directly affects an organization's ability to achieve its goals. Well-managed HR contributes to productivity, efficiency, competitive advantage, and overall success.
What is HR planning?
What is HR planning?
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How is HR planning done?
How is HR planning done?
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What is the outcome of effective HR Planning?
What is the outcome of effective HR Planning?
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Why are strategic goals important for HR planning?
Why are strategic goals important for HR planning?
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External Labor Supply Forecasting
External Labor Supply Forecasting
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Matching HR Supply and Demand
Matching HR Supply and Demand
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Managing Labor Shortfalls
Managing Labor Shortfalls
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Managing Labor Overstaffing
Managing Labor Overstaffing
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Recruiting
Recruiting
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Internal Recruiting
Internal Recruiting
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External Recruiting
External Recruiting
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Realistic Job Preview (RJP)
Realistic Job Preview (RJP)
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Selecting Employees
Selecting Employees
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What are employee benefits?
What are employee benefits?
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What are 401(k) plans?
What are 401(k) plans?
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What is a cafeteria benefits plan?
What is a cafeteria benefits plan?
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What is training?
What is training?
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What is development (in HR)?
What is development (in HR)?
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How are training needs assessed?
How are training needs assessed?
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What are training goals?
What are training goals?
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Why is training evaluation important?
Why is training evaluation important?
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What is employee onboarding?
What is employee onboarding?
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What are common training methods?
What are common training methods?
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Training Methods
Training Methods
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On-the-Job Training
On-the-Job Training
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Vestibule Training
Vestibule Training
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Training Evaluation
Training Evaluation
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Performance Appraisals
Performance Appraisals
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Objective Performance Appraisal Methods
Objective Performance Appraisal Methods
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Judgmental Performance Appraisal Methods
Judgmental Performance Appraisal Methods
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Content Validation in Appraisals
Content Validation in Appraisals
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Errors in Performance Appraisals
Errors in Performance Appraisals
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Purpose of Performance Appraisals
Purpose of Performance Appraisals
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Halo Error
Halo Error
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Recency Error
Recency Error
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360-Degree Feedback
360-Degree Feedback
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Workforce Diversity
Workforce Diversity
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Knowledge Workers
Knowledge Workers
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Study Notes
Chapter Overview
- Human resource management (HRM) involves a range of activities, including planning, staffing, developing, appraising, and compensating employees.
- This chapter covers these functions, along with legal issues, workforce diversity, knowledge workers, contingent workforce, and unionization.
- A career in HRM is challenging but rewarding due to the dynamic external environment.
Learning Objectives
- Define HRM, discuss its strategic importance, and explain how managers plan for HR needs.
- Discuss legal issues in HRM and identify contemporary legal concerns.
- Explain the staffing process, including recruitment and selection.
- Describe compensation and benefits systems.
- Explain workforce development processes, including training and performance appraisal.
- Discuss workforce diversity, knowledge workers, and contingent workers as major contemporary workplace trends.
- Explain why workers form unions and the collective bargaining process.
The Strategic Importance of HRM
- Human resources are crucial for organizational effectiveness.
- HRM is increasingly vital for improving productivity and efficiency.
- Effective HRM is directly linked to organizational success and bottom-line performance.
HR Planning
- Job analysis is a systematic method for analyzing jobs.
- Results in job descriptions and job specifications, outlining duties, conditions, tools, and required skills.
- HR forecasting involves internal and external supply forecasting.
- Internal forecasting anticipates future employee numbers and types.
- External forecasting predicts available talent in the labor market.
- Replacement charts identify potential successors for key positions.
Selecting Employees
- Application forms are used to collect applicant data.
- Tests assess skills, aptitude, and knowledge relevant to the job.
- Interviews are structured or unstructured, focusing on applicant qualifications.
- Other methods may include background checks or physical examinations.
Compensation and Benefits
- Compensation encompasses wages, salaries, and incentives.
- Wage and salary structures are adjusted to align with competitors' rates and internal job comparisons.
- Incentive programs (e.g., bonuses, profit-sharing) are used to motivate high performance.
- Benefits include health, disability, and life insurance, paid time off and retirement plans.
Developing the Workforce
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Training prepares employees for their jobs.
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Development equips employees for future roles.
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Training needs are assessed to determine appropriate programs.
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Common training methods include lectures, role-playing, and on-the-job training.
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Training is evaluated to determine its effectiveness in improving performance.
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Performance appraisals provide feedback to employees regarding work performance.
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Objective and judgmental measures are used in performance appraisals.
New Challenges in the Changing Workplace
- Workforce diversity involves the differences in background, values, beliefs, and behaviors among workers.
- Management of knowledge workers (e.g., those with specialized technical knowledge) requires ongoing training.
- Contingent workers (e.g., contract workers, temporary employees) are an increasingly important aspect of the workforce, and understanding their advantages and disadvantages is key.
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