Management of People - Exam Notes
Human Resource Management (HRM or HR)
Management of people in a business.
Oversees people aspects; in small businesses, handled by managers.
Ensures the right number of employees, attracts/hires best, trains well, manages effectively, pays correctly, maintains healthy relationships, and complies with legislation.
HRM Responsibilities
Recruitment.
Training.
Motivating & retaining.
Legislation.
Technologyuse.
Linking HR to Production Factors
HR aligns with factors of production.
Recruitment & Selection
Recruitment: encouraging job applications.
Selection: choosing the best candidate.
Stages of Recruitment and Selection
Job analysis.
Job description.
Person specification.
Advertising (internal or external).
Application forms & CVs.
Short-listing.
Interviews & testing.
Job offer & referencing.
Recruitment Stages
Identify vacancy.
Carry out job analysis.
Create job description and person specification.
Advertise job.
Send out application forms.
Job Description
Tasks and responsibilities of the job including:
Duties.
Pay.
Location.
Hours.
Conditions of work.
Person Specification
Skills and qualifications needed for the job (essential or desirable).
Internal vs. External Recruitment
Internal:
Advantages: Boosts morale by offering career growth.
Method: Company intranet, noticeboard
External:
Advantages: Introduces fresh ideas.
Method: National press, recruitment agencies, online advertisement
Selection Steps
Collect application forms and CVs.
Create a shortlist.
Hold interviews/testing.
Inform successful candidate.
Methods of Selection
Interview: Assess suitability through questions.
Assessment center: Mix of methods like interviews, presentations, and tests.
Testing: Determines suitability with practical assessments.
Testing
Provides extra candidate information.
Evaluates performance under pressure.
Job Offer & Referencing
Referencing: Validates candidate via recommendations.
Employer extends offer, checks references before start date.