HRM Post MT Exam Review

Training

Focuses on short-term performance improvement by addressing immediate skill gaps or knowledge deficiencies.

Development

Aimed at long-term growth by preparing individuals for future responsibilities within the organization.

Orientation

Formal process to familiarize new employees with the organization, their roles, and work units.

Onboarding

Socialization process for new employees to integrate them into the organization's culture, norms, and expectations.

Strategic Model of Training

A systematic approach involving Needs Assessment, Training Design Requirements, Implementation, and Evaluation phases.

Rating Errors

Common errors in performance evaluation including Recency Error, Contrast Error, Similar-to-me Error, Central Tendency Error, Leniency/Strictness Error, and Forced Distribution.

Performance Management

Creating a work environment that enables employees to perform to their best abilities through Performance Review, Establishing Performance Standards, and Result Measures.

Strategic Compensation

Aligning compensation practices with organizational objectives to attract, retain, and motivate employees effectively.

Equity Theory

The perception that compensation received is equal to the value of work performed, influencing employee satisfaction and motivation.

Job Evaluation

Assessing the relative worth of jobs within an organization using methods like Job Ranking System, Job Classification System, Point System, and Hays Profile.

Incentive Pay

A compensation strategy acknowledging performance variations among employees through plans like Straight Piecework, Bonus, Merit Pay, and Perks.

Employee Benefits

Offerings like Flexible Benefit Plans, Legally Required Benefits, and Discretionary Benefits to support employees' well-being and work-life balance.

Occupational Health & Safety

Involves responsibilities for health and safety at work, workers' compensation, ergonomics, and managing stress in the workplace.

Employee Rights & Discipline

Covers legal frameworks, dismissals, discipline methods, and dispute resolution procedures in the workplace.

Labour Relations

Involves legislation, union terms, types of unions, collective agreements, collective bargaining, and dispute resolution mechanisms in labor relations.

Expatriates (Home-Country Nationals)

Employees from the home country working on international assignments.

Host-Country Nationals

Employees from the country where the international assignment is based.

Third-Country Nationals

Employees from a country different from the home or host country.

Recruitment Methods

Ways to hire employees for international assignments like work permits, guest worker programs, and apprenticeships.

Selection Considerations

Factors to consider when choosing employees for international assignments such as forming transnational teams and common reasons for expatriate assignment failure.

Training Essential Training

Key training areas for expatriates including language skills, cultural awareness, career development, managing personal and family life abroad, and repatriation assistance.

Compensation Approaches

Different ways to compensate expatriates including home-based pay, split pay, and the balance sheet approach.