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what is human resource management
the policies, practices and systmes that influence employess’ behavior, attitudes, and performance
what performances are included in HRM
analysis and design work
HR planning
recruiting
selection
training and development
compensation
performance management
employee relations
Analysis and design
Job and work analysis, job descriptions
recruitment and selction
recruiting, interviewing, testing
training and development
orientation, skills training, development programs, and career development
performance management
performance measures, performance appraisalsm coaching, feedback and discipline
compensation and benefits
wage and salary administration, incentive pay, insurance, vacation, retirement plans, health and wellness
employee/labor relations
surveys, employee handbooks, labor and employee law compliance, relocation and outplacement
personal policies
policy creation and communication
employee data and information systems
record keeping, Human resource management information systems (HRIS) work force analytics, social media, intranet, and internet access
legal compliance
policies to insure lawful behavior, safety inspections, accessibility accommodations, privacy policies and ethics
support for business strategy
HR planning and forecasting, talent managment, change management and organization development
strategic role of HR Function - 2 important challenges
current operations and shifting their focus to future operation strategies
shared service model
a way to organize the HR function that includes centers of expertise or excellence, service centers and business partners
self service
giving employee online access to HR information and sercies
Out sourcing
an organizations use of an outside organizations for a broad set of services
Evidence based HR
demonstrating that HR practices have positive influence on the company’s bottom line or key stakeholders including customers, employees and community shareholers
HR analytics
the practice of using data form HR databases and other data sources to make evidence Based HR decisions
Big data
information merged from a variety of sources
what are some big data sources
hr databases
coportate finacial statements
employee surveys
HRM profession positions and jobs
Chief human resoirce officer
management development manager
health and safety manager
employee benefits manager
HR manager
mid-level labor relations manager
campus recruiter
entry level HRIS specilalist
entry level compensation analyst
entry level training specialist
What is the salary for HR positions
53,000 - 250,000
Compentencies and behaviors
HR technical expertise and practice
Relationship management
Consultation
Organizational leadership and navigation
Communications
Global and cultural effectiveness
Ethical practice
Critical evaluation
Business acumen
Competitive challenges influencing HRM
sustainability
stakeholders
sustainability
referts to the companys ability to meet its needs without sacrificing the ability of future generations to meet their needs
stakeholders
various interest groups that have relationships with and whose interest are tied to the organizations
examples of stakeholders
employees
suppliers
customers
shareholders
community
Traditonally HR positions are
highly adminstrative
HR emphasizes what educationally
professionaly trained and certified HR practitioners
What percent of HR practitioners are certified
12%
Who certifies HR people
SHRM and HRCI
What is the labor force expected to do
INCREASE by 8 million
Today, 93% of US jobs are nonagricultural wage and salary jobs; 13% are in goods producing industries; 80% in service providing industries and 1.4% in agriculture. This distribution is
not expected to change much in the next 6 years
How many job openings are expected
46.5 million
¾ job openings are results from what
the need to replace workers who retire or leave an occupation
Most new jobs added between 2019 and 2029 will be in
service providing occupations
Of the 30 fastest-growing occupations, almost half are
related occupations (such as home health-care aid, personal care aids, physicians' assistants, and nurse practitioners)
Other occupations are
energy related or in computer and information technology.
What educational skills are short in supply
STEM
Digital literacy
is the ability to interpret, create, and strategically use digital information
Knowledge workers
Employees who own intellectual means of producing a product or service
Intangible assets in HR
human capital
customer capital
social capital
intellectual capital
intangible assets
a type of company asset that includes human capital, customer capital, social capital and intellectual capital
Human capital
tacit knowledge, education, work-related know how and work-related competence
Customer capital
Customer relationships, brands, customer loyalty, distribution channels
Social capital
Corporate culture, management philosophy, management practices, informal networking systems, coaching/mentoring relationships
Intellectual capital
Patents, copyrights, trade secrets and intellectual property
intangible assets
A type of company asset that includes human capital, customer capital, social capital and intellectual capital
upskilling
is training employees to improve or expand their current skills
reskilling
is training employees to acquire new knowledge or skills
empowering
is giving the employees the responsibility and authority to make decisions
learning organization
is an organization whose employees are continuously attempting to learn new things and apply what they have learned to improve product or service quality
changed management in an organization
the adoption of a new idea or behavior by the company or firm
agility
is the companies and their employees ability to anticipate and cause change adapt to it and take specific actions to support change
employee engagement (EE)
the degree to which employees are fully involved in their work and the strength of their job and company commitment
themes of EE
Pride in their employer
Satisfaction with their employer
Satisfaction with the job
Opportunity to perform challenging work
Recognition and positive feedback for contributions
Personal support from the manager
More than the minimum effort required to do the job
Understanding the link between the job and company’s mission
Intention to stay with the company and prospects for future growth
•
employee experience
everything that influences employees daily life both inside and outside the workplace
employees value proposition
a strategic statement that communicates the company values, how the effect employees, and how the employees experience reflects the values
talent managment
attracting retaining developing and motivation highly skilled employees and managers
nontraditional employment
Independent contractors
Freelancers
On-call workers
Temporary workers
Contract company workers
gig economy
companies who rely on nontraditional employment to meet product and service demands
balanced scorecard looks at a company from the perspective of
internal customers
External customers
Employees
Shareholders
what is the goal of balanced scorecards
improve customer focus, improve the company’s competitiveness, emphasize teamwork reducing new product development and production times and manage for the long-term
Balanced scorecard
a means of performance measurement that gives managers both an internal and external view of the company from the view of the employees, customers and stakeholders
what do balanced scorecards focus on
different, non-traditional, critical indicators based on the strategic needs of the company
What are balanced scorecards used for
linking HRM activities to the strategic goals
how well is the HRM function performing to expectations using key indicators like productivity people and process
Social responsibility
Improve the company image, assists in gaining access to new markets, attracting talented employees and lower turnover
What are the tools to emphasize customer service and quality
Total quality management
Six Sigma
Lean thinking
Total quality management
continuous improvement
six sigma
3.4 defects per million
lean thinking
cheaper faster and better (happier employees)
Internal labor force
current employees
external labor market
people outside the company actively seeking work
Aging workforce from 2019 to 202
16 to 24 years 13% to 11% of the workforce
25 to 54 years 64% of the workforce
55 and older from 23% to 25% of the workforce
generations in the workforce
traditionalist and the silent generation
baby boomers
generation x
millennials, generation y and echo boomers
present generation z
diversification of the workforce by 2029
white 75%
african american 13%
asian and other ethnicites 12%
Role of Immigration
Contributes to the diversity of the workforce with over 40 million living in the US were born in other countries
how many immigrants were in the workforce in 2018
28 million
diversity
is any dimension that differentiates one person from another
equity
Fair treatment, access, equal opportunity, and advancement for all employees, while at the same time striving to identify and eliminate barriers that have prevented the full participation of some groups
inclusion
Creating an environment in which employees share a sense of belonging, mutual respect, and commitment with others so that they can perform their best work
Legal and ethical issues
Discrimination – both sexual and racial
Healthcare
Immigration
Ethics – Fundamental issues of right and wrong
To successfully manage a diverse workforce, managers must develop a new set of skills including
Communicate effectively with employees from different cultural backgrounds
Coach and develop employees of different ages, educational backgrounds, ethnicities, physical abilities and race
Provide performance feedback based on objective outcomes
Create a comfortable work environment (all inclusive)
Recognize and respond to generational issues
competing international markets
entering international markets
offshoring
reshoring
entering international markets
Talent challenges
Cultural challenges
Cross-cultural training
Different strategies required for success
offshoring
jobs that move from one country to another
reshoring
moving jobs from overseas back to the united states
competing through technology
social networking, AI, and robotics
social networking
websites and blogs that facilitate interactions between people
AI and robots
tech that can think like a human being
HRIS systen
acquire information
store info
manipulate info
analyze info
retrieve info
distribute info
cloud computing
infrastructure network that provides tech in a self service modifiable and on demand model
hr dashboard
cover productivity
absenteeism
other critical factors tied to the companys strategy
what do high performance systems maximize
the fit between social systems and technology
what are virtual teams separated by
time zone
geographic
culture
organizational boundaries
global challeneges
strategy alignment
shared knowledge
work performed by teams
pay systems reward skills and accomplishments
selection system is hob related and legal
flexibility is where and when work is performed
employee engagement is monitored
sustainability challenges
lifetime learning
progressive discipline
performance management includes customer satisfaction and quality
skills and values of a diverse workforce are valued
dimensions of HRM practices
managing the human resource environment
acquiring and preparing human resources
assessment and development of HR
compensating human resources
managing the human resource environment
linking HRM practices to the company goals
HRM practices are legal
motivating work with focus on service and quality