Chapter 8

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Human Resource Management (HRM)

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72 Terms

1

Human Resource Management (HRM)

The set of organizational activities directed at attracting, developing, and maintaining an effective workforce.

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2

Importance of HRM

Increased due to legal complexities, the value of human resources in productivity improvement, and costs related to poor HR management.

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3

Job Analysis

A systematic analysis of jobs within an organization, consisting of a job description and job specification.

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4

Components of Job Analysis

Includes job description (duties, working conditions, tools) and job specification (skills, abilities, credentials).

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5

HR Demand Forecasting

Involves assessing trends in past HR usage, future organizational plans, and economic trends to predict future HR needs.

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6

Internal Recruiting

Considering current employees as candidates for job openings.

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7

External Recruiting Methods

Includes advertising, campus interviews, employment agencies, referrals, and online job postings.

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8

Selection Process Goal

To gather information that predicts job success and hire candidates likely to succeed.

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9

Behavior-Based Interviewing

A technique focusing on past behavior to predict future performance, asking candidates to describe previous situations and actions.

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10

Challenges in Hiring Process

High costs from hiring mistakes, including training, low productivity, and the need to recruit replacements.

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11

New Employee Orientation Purpose

To introduce new employees to company policies, programs, co-workers, supervisors, and job nature.

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12

Needs Analysis in Training

Assesses the organization's job-related needs and the capabilities of the current workforce to determine necessary training programs.

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13

On-the-Job Training

A training method where employees learn in actual work situations, often with guidance from experienced employees.

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14

Job Rotation

A training method where employees are moved between different jobs to learn a wide array of tasks and acquire more skills.

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15

Off-the-Job Training

Training conducted away from the work site, often in a classroom or simulated environment.

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16

360-Degree Feedback System

An appraisal method that gathers performance information from supervisors, subordinates, and co-workers.

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17

Objective Performance Measures

Use quantifiable data (e.g., sales numbers) to assess employee performance.

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18

Subjective Performance Measures

Rely on personal judgment (e.g., ratings) to assess performance.

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19

Compensation

Includes base salary, incentives, bonuses, benefits, and rewards for employee performance.

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20

Impact of Education on Compensation

Higher education levels typically lead to higher salaries and lower unemployment rates.

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21

Debate on Executive Compensation

Discussion around the disparity between CEO pay and average worker salaries.

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22

Individual Incentive Programs

Pay programs rewarding employees for outstanding performance, typically in easily measurable settings.

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23

Workforce Management System

A system used to schedule productive staff during peak times.

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24

Profit-Sharing Plans

Incentive programs distributing profits earned above a certain level among all employees.

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25

Gainsharing

A plan that distributes bonuses to employees for reduced company costs through efficiency improvements.

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26

Employee Benefits

Rewards and incentives provided in addition to wages.

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27

Sought-After Benefits

Benefits other than money that employees desire, such as gift cards and extra vacation days.

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28

Employment Insurance

Provides basic subsistence payments to unemployed individuals actively seeking work.

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29

Canada Pension Plan (CPP)

A program providing income for retirees, funded through payroll taxes.

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30

Expanded Health Insurance Coverage

Now includes vision care, mental health services, dental care, and prescription drugs.

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31

Paid Time Off

Time allocated for vacation, sick leave, or personal business.

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32

Key Legal Issues in HRM

Include equal employment opportunity, comparable worth, sexual harassment, employee safety and health, and retirement regulations.

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33

Canadian Human Rights Act Purpose

To ensure equal job opportunity and prohibit discrimination.

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34

Employment Equity Act Protection

Protects women, visible minorities, Indigenous peoples, and persons with disabilities.

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35

Comparable Worth Concept

Advocates for equal pay for jobs of comparable value to the employer.

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36

Sexual Harassment Definition

Unwelcome sexual advances or conduct creating a hostile environment.

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37

Right to Refuse Unsafe Work

Employees can refuse tasks they believe are unsafe.

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38

Defined Benefit Pension Plans

Plans that guarantee a specific income during retirement.

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39

Defined Contribution Pension Plans

Plans where employer contributions depend on fund performance.

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40

Workforce Diversity Definition

The range of workers' attitudes, values, beliefs, and behaviors that differ by various characteristics.

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41

Visible Minorities in Canada (2036 Estimate)

Expected to make up between 24.5% and 30% of Canada’s population.

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42

Competitive Advantage of Diversity

Hiring the best talent from diverse groups improves workforce quality and innovation.

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43

Knowledge Workers Definition

Workers requiring extensive and specialized training, such as computer scientists and engineers.

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44

Half-Life of Technical Education in Engineering

About three years, indicating the need for continuous training.

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45

Contingent Workers Definition

Workers employed on something other than a permanent or full-time basis.

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46

Issues with Contingent Foreign Workers

Can include poor living conditions and lack of safety equipment.

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47

Categories of Contingent Workers

Part-time workers, independent contractors, temporary employees, and guest workers.

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48

Collective Bargaining Definition

The negotiation process of employment terms between unions and companies.

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49

Historical Event for Canadian Labour Movement

The Industrial Revolution led to the formation of the Canadian labour movement.

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50

Union Density in Private Sector Canada

Approximately 16%.

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51

Unions' Recent Success Factors

More diverse workforce, increased service sector roles, and aggressive opposition from companies.

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52

Unionized Public-Sector Workers Percentage

About 75%.

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53

Significance of Unifor Formation

Resulted from the merger of Canadian Auto Workers and Communications, Energy and Paperworkers Union.

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54

Reason for Union Organizing

Firms expanding into new geographical areas.

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55

Closed Shop Definition

A workplace where only union members can be hired.

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56

Craft Unions

Unions organized by specific trades that require specialized skills.

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57

Impasse in Bargaining

When management and labor cannot reach an agreement after several sessions.

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58

Union Shop Definition

Employers can hire non-union workers, but they must join the union within a stipulated period.

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59

Sympathy Strikes Definition

Strikes initiated by one union in support of another union's strike.

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60

Labor Union Primary Goal

To negotiate better working conditions, pay, and benefits for members.

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61

Mediation vs. Arbitration

Mediation advises without imposing a settlement; arbitration imposes a settlement.

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62

Manitoba Labour Board Role

Determines the appropriateness of bargaining units and conducts certification votes.

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63

HRM Overview

The set of organizational activities aimed at attracting, developing, and maintaining an effective workforce.

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64

Human Resources Planning Steps

Conduct job analysis, forecast demand and supply, match HR supply and demand.

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65

Internal vs. External Recruiting

Internal recruiting considers current employees; external recruiting attracts outside candidates.

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66

Common Selection Techniques

Application forms, tests, interviews.

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67

Importance of Compensation in HRM

Crucial for attracting and retaining skilled workers.

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68

Key Legal Issues in HRM

Equal opportunity, sexual harassment, occupational health, and safety regulations.

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69

Workforce Diversity Benefits

Viewed as a competitive advantage, enhancing organizational effectiveness.

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70

Trends in Canadian Unionism

Declining membership and a shift towards collaboration with management.

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71

Privy Council Order 1003 Significance

Established right for unions to bargain collectively.

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72

Collective Bargaining Impasse

Situation where both parties cannot reach an agreement.

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