gen 008 (human resources management)

Human Resource Management

Process of managing the people who work in the organization

It is about getting the right people, in the right job, at the right time

Give the definition of HRM

Recruitment and Selection

Training and Development

Compensation and Benefits

Performance Management

Employee Relations

Name the 5 functions of Human Resource Management

Hiring competent employees

Improving employee productivity

Reducing employee turnover

Increasing job satisfaction

Creating a positive work environment

Ensuring compliance with labor laws

How does HR contribute to business success?

Human Resource Planning

Process of determining the number and type of employees an organization needs to achieve its goals.

It ensures that there are enough qualified employees available when needed

Give a definition of HRP

Forecast future workforce needs

Prevent employee shortages

Reduce unnecessary hiring

Improve organizational efficiency

What are the four objectives of Human Resource Planning?

Job analysis

What is the process of collecting information about a specific job?

Duties and responsibilities

Skills required

Knowledge needed

Working conditions

What are the 4 identifications of job planning?

Job Description and Job Specification

What are the 2 important outputs of Job Analysis

Job Description

What is the written document that explains the:

• Job title

• Duties

• Responsibilities

• Working conditions

Job Specification

What describes the qualifications needed for the job?

Recruitment

What is the process of attracting qualified applicants to apply for available positions within an organization?

External source comes from new applicants from outside the organization, while internal source comes from current employees through promotion or transfer.

What is the difference between the external source and the internal source?

Selection

What is the process of choosing the most qualified applicant from the pool of candidates?

Employee placement

What is the term for when you are assigning a new employee to the position that best matches their qualifications, knowledge, skills and abilities?

Employee training

What is the process of teaching employees the knowledge, skills, and abilities needed to perform their job effectively?

Employee development

What refers to preparing employees for the future responsibilities and career advancement? also highlight the training here to be for long-term growth

Performance management

What is the continuous process of monitoring, evaluating, and improving of the employee performance?

Compensation and benefits

What refers to the financial and non-financial rewards employees receive for their work?

Direct and indirect compensation

What are the two types of compensation?

Salary

Wages

Overtime Pay

Bonuses

Incentives

Give 5 examples of direct compensation

Health insurance

Paid leave

Retirement benefits

Employee discounts

Meal allowance

Give 5 examples of indirect compensation