Labor Market and HR Market

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Questions and Answers

Which of the following is NOT considered a duty in Human Resources?

  • Learning & Development
  • Product Sales (correct)
  • HR Planning
  • Performance evaluation

Skills are innate qualities developed without training.

False (B)

What is the primary purpose of job analysis?

To understand the skills, competencies, and responsibilities required for a job.

___ are the theoretical or practical understanding of a subject.

<p>Knowledge</p> Signup and view all the answers

Match the following HR activities with their descriptions:

<p>Recruitment &amp; Selection = Finding and hiring qualified candidates Careers Management = Guiding employees in their career paths Rewards = Compensation and benefits structure Safety &amp; Health = Ensuring workplace safety standards</p> Signup and view all the answers

What defines the abilities of an individual in a job context?

<p>The qualities of being able to do something (B)</p> Signup and view all the answers

Job descriptions only include observable tasks and responsibilities.

<p>False (B)</p> Signup and view all the answers

What is the primary purpose of a job analysis?

<p>To systematically define the tasks, activities, and responsibilities of a job.</p> Signup and view all the answers

Job descriptions specify skills, abilities, and __________ conditions.

<p>special</p> Signup and view all the answers

Match the following job analysis methods with their descriptions:

<p>Direct observation = Watching employees perform tasks Interviews = Gathering information through discussions Diaries = Recording tasks over time Surveys = Collecting data from a larger group</p> Signup and view all the answers

Which of the following is NOT a method used in job analysis?

<p>Accounting reviews (D)</p> Signup and view all the answers

A job description always includes the level of responsibility associated with a job.

<p>True (A)</p> Signup and view all the answers

What type of information is collected from job holders and supervisors during job analysis?

<p>Observational and task-related information.</p> Signup and view all the answers

What is the primary function of job analysis and job description?

<p>To specify recruitment processes (C)</p> Signup and view all the answers

Job analysis and job description primarily assist in defining performance evaluation criteria.

<p>True (A)</p> Signup and view all the answers

What formula is used to structure a job description?

<p>Verb + Object + Goal</p> Signup and view all the answers

The absence of job analysis may lead to _____ ambiguity.

<p>role</p> Signup and view all the answers

Match the following job analysis components with their definitions:

<p>Tasks = Activities performed to achieve job goals Instruments = Tools or machines used in the job Outputs = Results produced from job activities Inputs = Resources or information received for tasks</p> Signup and view all the answers

Which of the following is NOT a result of insufficient job analysis?

<p>Clarified employee roles (A)</p> Signup and view all the answers

Job analysis is mainly concerned with the quantitative aspects of HR planning.

<p>False (B)</p> Signup and view all the answers

List one goal of performing job analysis.

<p>To assist in the design of work processes</p> Signup and view all the answers

What is the primary purpose of job analysis?

<p>To collect and organize information about jobs (A)</p> Signup and view all the answers

A role and a task are the same in job analysis.

<p>False (B)</p> Signup and view all the answers

What does KSAOC stand for in the context of job analysis?

<p>Knowledge, Skills, Abilities, Other Characteristics</p> Signup and view all the answers

In job analysis, _____ are group of functions with similar content that are related.

<p>Function Families</p> Signup and view all the answers

Match the following terms with their correct definitions:

<p>Job = Group of tasks and responsibilities performed by a person Task = Specification of what a person does Role = Set of duties associated with a job Function Families = Related group of functions with similar content</p> Signup and view all the answers

Which of the following is an example of a knowledge characteristic?

<p>Theoretical understanding of subjects (D)</p> Signup and view all the answers

Competencies are individual characteristics that do not relate to performance.

<p>False (B)</p> Signup and view all the answers

What must be collected during a job analysis?

<p>Information about the content and context surrounding a job</p> Signup and view all the answers

_____ are the proficiencies developed through training or experience.

<p>Skills</p> Signup and view all the answers

What is a competency in job analysis?

<p>An individual characteristic affecting job performance (A)</p> Signup and view all the answers

What can be a consequence of a slower recruitment process?

<p>Low number of applications (A)</p> Signup and view all the answers

When salaries rise, candidates have a tendency to select companies instead of just applying for jobs.

<p>True (A)</p> Signup and view all the answers

Name a factor that can affect the flexibility of selection criteria during recruitment.

<p>Labor market conditions</p> Signup and view all the answers

A slow labor market results in ______ recruitment processes.

<p>slower</p> Signup and view all the answers

Match the labor market behaviors with their impacts on recruitment and selection processes:

<p>Slower recruitment = Low number of applications Higher salaries = Candidates select companies Flexible selection criteria = More job offers Low number of suitable applications = Greater retention efforts</p> Signup and view all the answers

Which of the following is NOT a consequence of low suitable applications in the labor market?

<p>Higher number of applications (B)</p> Signup and view all the answers

Greater retention efforts indicate that replacing employees is easy.

<p>False (B)</p> Signup and view all the answers

What tends to happen to salaries in a labor market with low applications?

<p>Salaries tend to rise.</p> Signup and view all the answers

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Study Notes

Labor Market and HR Market

  • The labor market is a set of individuals able to work in a given place in a given period
  • The HR market is comprised of job offers from companies in a specific place during a specific period
  • The number of people hired or filed job positions is the point of equilibrium between job offers and job search
  • The labor market impacts Recruitment and Selection processes by affecting the number of applications received, the quality of applications, the selection criteria applied, and the salaries offered
  • When there are more job offers than people searching for jobs (supply > demand) employers need to be more flexible and less demanding, may offer higher salaries, and will need to focus on retention and fixing efforts.
  • When there are more people searching for jobs than job offers (demand > supply) recruitment becomes slower, companies will have fewer applications, and the criteria used to select candidates may be more strict as finding suitable candidates is more difficult.

Employer Branding

  • Employer branding aims to attract, retain, and motivate employees.
  • Employer branding builds a perception of the company as a desirable place to work.

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