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Responsibility for HRM
Shared responsibility between line and staff managers; specific HRM activities are assigned to those in the best position to perform them
How is a forecast of human resources demand related to a firm’s organizational planning?
It is an organization’s overall strategic plan; the starting point of the process
When demand is greater than supply
HR planners make plans to recruit new employees
When the supply of employees is predicted to be greater than the demand
The firm must take steps to reduce the size of its workforce through: Layoffs, Attrition, Early retirement, Buyouts, Firing
Major benefits of a culturally diverse workforce
Cost, Resource acquisition, Marketing edge, Flexibility, Creativity, Problem solving, and bilingual communication skills
Major disadvantages of a culturally diverse workforce
Communication issues, multiple differing opinions, hostility, and generation gaps
What is an advantage of external recruiting?
It brings people into a firm who have new perspectives and varied business backgrounds
What are the disadvantages of external recruiting?
It is expensive and may provoke resentment among present employees
What are the advantages of internal recruiting?
It provides strong motivation for current employees and helps the firm retain quality personnel
What is the disadvantage of internal recruiting?
It leaves another position open
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Flashcard (78)