Podcast
Questions and Answers
What is the role of occupational forecasts in the labor market?
What is the role of occupational forecasts in the labor market?
Occupational forecasts provide predictions about future job conditions and wages, helping individuals make informed career decisions.
Differentiate between unskilled and professional labor.
Differentiate between unskilled and professional labor.
Unskilled labor requires little to no training, while professional labor involves individuals who are highly trained for a specific occupation.
Name three sources that HR can use to recruit employees.
Name three sources that HR can use to recruit employees.
HR can use social media, online recruiting websites, and employee referral programs.
What does workplace diversity entail?
What does workplace diversity entail?
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Explain the purpose of induction training for new employees.
Explain the purpose of induction training for new employees.
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What is the difference between on-the-job training and off-the-job training?
What is the difference between on-the-job training and off-the-job training?
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What is the role of staff appraisal in employee development?
What is the role of staff appraisal in employee development?
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Define compensation in the context of employment.
Define compensation in the context of employment.
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What is the minimum wage and what role does it play in the labor market?
What is the minimum wage and what role does it play in the labor market?
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Define overture and explain how it differs from regular wages.
Define overture and explain how it differs from regular wages.
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What is commission and how does it function in a sales-based role?
What is commission and how does it function in a sales-based role?
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Explain what piecework means and provide an example of its application.
Explain what piecework means and provide an example of its application.
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Describe the difference between a salary and hourly wage.
Describe the difference between a salary and hourly wage.
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What rights do employees have concerning workplace safety according to the Canada Labour Code?
What rights do employees have concerning workplace safety according to the Canada Labour Code?
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What is the purpose of severance packages in the context of employee dismissals?
What is the purpose of severance packages in the context of employee dismissals?
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How do wellness programs benefit both employees and employers?
How do wellness programs benefit both employees and employers?
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Study Notes
Recruitment
- The labour market connects employers and employees.
- Occupational forecasts predict future job conditions and wages.
- Labour types include unskilled, semi-skilled, skilled, and professional.
- Unskilled labour requires little training.
- Semi-skilled labour needs minimal guidance.
- Skilled labour has formal training.
- Professional labour is highly specialized.
Looking for the Right Employee
- Human Resources (HR) uses various recruitment sources.
- Social media is a common recruitment tool.
- Newspaper, journal, and magazine advertisements are used.
- Notices posted at universities and colleges are employed.
- Online recruiting websites are a significant tool.
- Company websites post job ads.
- Headhunters source qualified candidates.
- Employee referral programmes are used.
Diversified Workforce
- A diverse workforce comprises people from varied backgrounds.
- Diversity includes factors like age, cultural background, physical abilities, religion, and gender.
- Diversity encompasses various employee attributes like perspectives, preferences, and characteristics.
Inclusion
- Inclusion ensures fair and respectful treatment of all employees.
- Inclusion provides equal access to opportunities and resources for everyone.
Training
- Induction training (orientation) introduces new employees to the workplace.
- Employee coworkers and work environments are introduced.
- Technology and software are introduced.
- Organizational policies, procedures, and structures are explained.
- On-the-job training is provided at the workplace.
- Off-the-job training is conducted away from the workplace.
Staff Appraisal
- Employees meet with managers/supervisors regularly.
- Employee performance is assessed against targets.
- New targets and goals are set after the meetings.
Compensation
- Compensation includes money and benefits given for work.
- A common compensation method is hourly wages.
Other Compensation Types
- Minimum wage is the legally lowest hourly rate employers can pay.
- Overtime pay is a higher hourly rate for exceeding regular working hours or working on holidays.
- Salary is a fixed payment made periodically (e.g., weekly, monthly).
- Commission is payment based on sales generated.
- Straight commission is entirely based on sales.
- Piecework is payment based on the quantity of items produced.
- Fee for service is a single payment for a complete job.
- Royalty payment is paid to patent or copyright owners for use.
- Licensing fees are paid to obtain a license.
- Stock options allow employees to purchase company stock.
Retention Strategies
- Some businesses offer perks to retain employees.
- Incentives can motivate employees to stay with the company.
Health and Safety
- Sick pay is compensation for absences due to illness.
- Some businesses promote wellness programs.
- Employees have the right to a safe workplace.
- The Canada Labour Code specifies employee safety rights.
Dismissal/Departures
- Departures occur when employees leave a company.
- Exit interviews collect feedback about the company.
- Some employers provide references to departing employees.
- Dismissals are formal terminations usually due to poor performance or conduct.
- Severance packages or counselling might help employees find new work.
- Retirement occurs when employees leave the workforce voluntarily.
Grievances
- Grievances provide employees a platform to express concerns or dissatisfaction.
Disciplinary Procedures
- These procedures address employee behavior concerns.
Rights in the Workplace
- Employees are protected from discrimination and harassment.
- Employers can set employment conditions that align with business goals.
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Description
This quiz explores the dynamics of recruitment, including the various types of labor and the methods used by Human Resources to find the right candidates. It also highlights the importance of a diversified workforce and the benefits it brings to the workplace. Test your knowledge on labor types, recruitment sources, and diversity in the workforce.