Chapter Seven PDF

09/12/2024, 14:11 OneNote Chapter seven Saturday 7 December 2024 6:10 p.m. Content revised for exam as per the revision lecture. - look at slide pre revision P222&223 📌...

09/12/2024, 14:11 OneNote Chapter seven Saturday 7 December 2024 6:10 p.m. Content revised for exam as per the revision lecture. - look at slide pre revision P222&223 📌 HRM; the process of devising and executing policies and strategies in relation to the employment of staff Main areas in HRM 1. Human resource planning 1. Demand analysis- techniques include managerial estimates, stats and work study 2. Supply analysis - estimates quality and quantity of available labour 3. Estimating Deficits / surpluses - comparison of results shows deficit/match/surplus 4. Prepare action plan - to cover; Recruitment Selection Training Development Promotions 2. Recruitment Attracting a group of potential candidates either internally or externally The 2 key stages in recruitment are; 1. Background stage; conduction a job analysis which comprises of i. 📌 Job description; main tasks and responsibilities ii. 📌 Person specification; skills, knowledge, qualifications and experience criteria 2. Actual Recruitment stage; task of attracting pool of potential candidates Internal; transfers, promotions or demotions External; schools, ITs, universities, agency’s Cv and standard application form 3. Selection- begins when application forms have been received Selection Tools; Interviews Reference checks Selection tests; Intelligence Aptitude tests Personality tests 4. Pay and benefits Employee rewards are usually classified under 2 headings; 1. 📌 Intrinsic rewards; spring from the job itself including autonomy, responsibility and challenge 2. 📌 Extrinsic rewards; more tangible including pay, job security and working conditions Payment systems 1. Flat rate only - fixed hourly/weekly/monthly 2. Flat rate + individual/group bonus 3. Profit sharing - bonus related to company performance 4. Piecework - payment based solely on performance/job well done 5. Performance appraisal - periodic assessment of performance Review past performance Examine future potential techniques of appraisal ; Ranking Paired comparison Critical incident Free-form/narritive 6. 📌 Training; retrospective correcting of a skills gap which has been identified 📌 development; future potential and requirement in the talent pool Training and development process; 1. Formulating a training plan 2. Identifying training needs 3. Planning and conduction the training 4. Evaluating training and development activities 📌 Trade union; continous association of wage earner with the objective of improving or maintaining conditions of employment https://ulcampus-my.sharepoint.com/:o:/r/personal/24430455_studentmail_ul_ie/_layouts/15/Doc.aspx?sourcedoc=%7B159535c2-d156-49e1-b289-b4f85e2ae4e… 1/2