hr 2

Strategic Plannign Process

Create an organization mission, swot analysis , establish goals, formulate strategy, formulate supporting functional strategies, impalement them, then evaluate.

organization mission

why does the organization exist and what makes it unique.

Multinational corporation (MNC)

a corp that has facilities and other assets in at least one country other than its honme country

offshoring

relocation of a business process or operation by company from one country to another. It can affect negatively bc different countries have different laws.

succession planning

process of identifying a plan for the orderly replacement of key employees.

what affects external pool of employees

government regulations, migration hurricane, direct competitors, aging of the workforce, and growing diversity of workers.

current and future job audits

exisiting jobs, # of indivi. performing one job, vital KSAs, and jobs needed to implement future organizational strategies.

HR forecasting (using info from past and present to idetifiy future). What are the diff periods?

Short range plans, intermediate range plans (1-3 years) , and long range (+3 years)

formula to estimate internal labor supply (who do we have rn)

current staff level - projected outflows + projected inflows = internal supply for next year

correct way

1. identify the work that is core to sustaining a profitable business

2. identify KSA

3. protect the bottom line and the brand

4. constantly communicate with employees

5. pay attention to the survivors.

COBRA

• 20 or more employees

• offers workers coverage to retain medical coverage

• election notice must be sent within 14 days of notice

OWBPA

Workers 40+ must be given 45 days to consider severance and rights waiver.

WARN Act rules?

Companies with 100+ full-time workers must give 60 days' notice for large layoffs or closures (50+ workers affected).

Ways to Manage Talent Shortage?

Recruit differently, train internally, use technology, offer flexible work, etc.

What is Due Diligence in M&A?

Full review of legal, compensation, talent, and compliance issues when acquiring a business.

What is HR Effectiveness?

Meeting desired results (Did we hit our goal?).

What is HR Efficiency?

Doing things in a cost-effective, timely way (How quickly and cheaply did we do it?).

What are HR Metrics?

Specific measurements tied to HR performance (e.g., turnover, benefit costs).

Why are HR Metrics important?

"If you can’t measure it, you can’t manage it.

Good HR Metrics must be..

Accurate, relevant, clearly calculated, valuable to execs, and comparable.

What is HR Benchmarking?

Comparing your HR metrics to those of other organizations.

What is a Human Resources Audit?

A formal review of HR practices to assess current state and effectiveness.

HR Audit Focus Areas?

Staffing, compensation, safety, compliance, records, retention, and benefits.

Compliance Audit checks...

Recordkeeping and legal paperwork requirements.

Benefit Program Audit checks...

Compliance, admin processes, and reporting for benefits.

I-9 Audit checks...

Compliance with immigration documentation requirements.

Specific Program Audit reviews.

Focused areas like EEO, compensation, or training.

Full HR Audit includes...

All audit areas, covering every HR function.