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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

5 key business function

1. Human Resource Management


2. Information and technology management


3. Finance and Accounting


4. Marketing


5. Operations

HRM is the process of determining human resource needs and then - list 7

- recruiting


- selecting


- developing


- motivating


- evaluating


- compensating


- scheduling

One reason why human resources management is receiving increased attention is:

Major shift from traditional manufacturing industries to service

Determining HR needs - chart

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

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

HRM strategy plan


Step 2. Preparing a job analysis



Job analysis:

A study of what is done by employees who hold various job titles

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

HRM strategy plan


Step 4. Assessing future recourses supply

The labour force is constantly shifting;


- getting older


- becoming more technically oriented

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

Recruiting

Set of activities used to obtain a sufficient number of the right people at the right time

Challenges when recruiting


List 2

- organizational policies


- corporate culture

Organizational policies

Demand promotion from within, operate under union contracts, or offer low wages

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

Selecting

Process of gathering information and deciding who should be hired, under legal guidelines

Contingent workers

Workers who do not have regular, full time employment


Example: part time employees, temp workers, contractors

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

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

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

Some common training and development activities are:

- employee orientation


- on-the-job training


- apprenticeship programs

Management development

Process of training and educating employees to become good managers and monitoring their progress over time

Managers need special training in areas of:


List 4

- Communication


- Time management


- Human Relations


- Planning

Performance appraisal 📌 HALF WAY

Evaluation process in which performance level is measured against an established standard



Used to:


- assess training needs


- assess promotion

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

Compensation

One of the main marketing tools that companies use to attract and retain qualified employees

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

Overall compensation takes many forms


List 4

- pay equity


- pay systems


- team compensation


- fringe benefits

Pay equity

Equal pay for work of equal value.


4 neutral factors:


- skill


- effort


- responsibility


- working conditions

Pay systems

The way an organization chooses to pay its employees.



Pay systems can include:


- Salary


- Hourly wage


- Commission

Fridge benefits

Compensation beyond base wages



Example:


- sick leave


- vacation pay


- health plan

Scheduling

Different ways that an organization can schedule work



Includes:


- flex time


- compressed work week


- telecommuting

Flex time

Work schedule that gives employees some freedom to choose when to work as long as they work the required number for hours

Compressed workweek

Work schedule that allows employees to work a full number of hours per week but in less days

Telecommuting

Commuting to and from work is reduced by carrying out their work away from a normal place for business

Job sharing

Arrangement where 2 part time employees share one full time job

Career management

Involving the movement of employees through promotion, reassignment, termination or retirement

Terminating employees

Terminating employees due to downsizing, reconstructing caused by competition and technology

Retiring employees

Another tool used to downsize companies to offer early retirement benefits to entice older workers to retire

Losing employees

Learning about an employees reasons for leaving can be invaluable in preventing the loss of other good people

Legal issues - Provincial (acts & rights)


- list 4

1. Workers compensation


2. Human rights


3. Labour standards


4. Trade union act

Legal issues - Federal (Government)


- list 3

1. Industrial relations


2. Occupational health and safety


3. Canadian human rights act

The Canadian Human Rights Act

The act requires that every employer ensure equal opportunities and that there is no discrimination

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

The Management process includes:


(Manager)


List 4

Planning


Leading


Organizing


Controlling

Departmentalization

Dividing an organization into separate units.


Based on similar skills, expertise or resources use

Departmentalization Advantages

- Employees can develop skills in depth



- Good coordination within the function

Departmentalization Disadvantages

- may be a lack of communication amoung the different departments



- people in the same department tend to think alike