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48 Cards in this Set
- Front
- Back
Business functions |
Process that is performed routinely to carry out a part of the organization's mission |
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5 key business function |
1. Human Resource Management 2. Information and technology management 3. Finance and Accounting 4. Marketing 5. Operations |
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HRM is the process of determining human resource needs and then - list 7 |
- recruiting - selecting - developing - motivating - evaluating - compensating - scheduling |
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One reason why human resources management is receiving increased attention is: |
Major shift from traditional manufacturing industries to service |
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Determining HR needs - chart |
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5 steps to determining HR needs and developing a HRM strategy (preparing and assess) |
- prepare HR inventory - prepare job analysis - assess demand - assess supply - establish an HR plan |
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HRM strategy plan Step 1. Preparing a human resource inventory of the organization employees (where are you now?) |
This inventory should include; - ages - names - education - training |
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HRM strategy plan Step 2. Preparing a job analysis
Job analysis: |
A study of what is done by employees who hold various job titles |
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HRM strategy plan Step 3. Assessing future human resources demand (alignment to strategic plan) |
Because technology changes rapidly, training programs must be stated long before the need is apparent |
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HRM strategy plan Step 4. Assessing future recourses supply |
The labour force is constantly shifting; - getting older - becoming more technically oriented |
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HRM strategy plan Step 5. Establishing an HR strategic plan |
The plan must address: - recruitment - selection - training and development - evaluation - compensation - scheduling - career management for the labour force |
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Recruiting |
Set of activities used to obtain a sufficient number of the right people at the right time |
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Challenges when recruiting List 2 |
- organizational policies - corporate culture |
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Organizational policies |
Demand promotion from within, operate under union contracts, or offer low wages |
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Corporate culture |
Emphasis on corporate culture, teamwork, and participate management makes it important to hire people who are not only skilled but also fit in with the culture and leadership style of the organization |
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Selecting |
Process of gathering information and deciding who should be hired, under legal guidelines |
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Contingent workers |
Workers who do not have regular, full time employment Example: part time employees, temp workers, contractors |
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A typical selection process invovles 5 steps |
1. Obtaining complete application forms 2. Conducting initial and follow up interviews 3. Giving employment tests 4. Confirming background information 5. Establishing trail periods |
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Training and development |
Training and development include all attempts to improve productivity by increasing an employees ability to perform
Training: short term skills Development: long term abilities |
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Training and development programs include 3 steps |
1. Assessing the needs of the organization and the skills of the employees
2. Designing training activities to meet the identified needs
3. Evaluating the effectiveness of the training |
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Some common training and development activities are: |
- employee orientation - on-the-job training - apprenticeship programs |
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Management development |
Process of training and educating employees to become good managers and monitoring their progress over time |
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Managers need special training in areas of: List 4 |
- Communication - Time management - Human Relations - Planning |
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Performance appraisal 📌 HALF WAY |
Evaluation process in which performance level is measured against an established standard Used to: - assess training needs - assess promotion |
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Performance appraisal process includes 6 steps: |
1. Establish standards 2. Communicate standards 3. Evaluate performance 4. Discuss results 5. Take corrective action 6. Use results to make decisions |
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Compensation |
One of the main marketing tools that companies use to attract and retain qualified employees |
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Compensation programs have several objectives List 3 |
- attract and retain right employees - provide employees with incentives to work effectively - maintain a competitive position in marketplace |
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Overall compensation takes many forms List 4 |
- pay equity - pay systems - team compensation - fringe benefits |
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Pay equity |
Equal pay for work of equal value. 4 neutral factors: - skill - effort - responsibility - working conditions |
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Pay systems |
The way an organization chooses to pay its employees.
Pay systems can include: - Salary - Hourly wage - Commission |
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Fridge benefits |
Compensation beyond base wages Example: - sick leave - vacation pay - health plan |
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Scheduling |
Different ways that an organization can schedule work Includes: - flex time - compressed work week - telecommuting |
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Flex time |
Work schedule that gives employees some freedom to choose when to work as long as they work the required number for hours |
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Compressed workweek |
Work schedule that allows employees to work a full number of hours per week but in less days |
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Telecommuting |
Commuting to and from work is reduced by carrying out their work away from a normal place for business |
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Job sharing |
Arrangement where 2 part time employees share one full time job |
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Career management |
Involving the movement of employees through promotion, reassignment, termination or retirement |
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Terminating employees |
Terminating employees due to downsizing, reconstructing caused by competition and technology |
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Retiring employees |
Another tool used to downsize companies to offer early retirement benefits to entice older workers to retire |
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Losing employees |
Learning about an employees reasons for leaving can be invaluable in preventing the loss of other good people |
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Legal issues - Provincial (acts & rights) - list 4 |
1. Workers compensation 2. Human rights 3. Labour standards 4. Trade union act |
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Legal issues - Federal (Government) - list 3 |
1. Industrial relations 2. Occupational health and safety 3. Canadian human rights act |
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The Canadian Human Rights Act |
The act requires that every employer ensure equal opportunities and that there is no discrimination |
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Provincial matters include: (What all provinces must include in their organization) List 4 |
- minimum wage - hours of work - statutory holidays - overtime - employment of people under the age of 18 years |
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The Management process includes: (Manager) List 4 |
Planning Leading Organizing Controlling |
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Departmentalization |
Dividing an organization into separate units. Based on similar skills, expertise or resources use |
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Departmentalization Advantages |
- Employees can develop skills in depth - Good coordination within the function |
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Departmentalization Disadvantages |
- may be a lack of communication amoung the different departments
- people in the same department tend to think alike |