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Human
Resource Management
(MGT501)
VU
Lesson
41
REVISION
(LESSON 12-21)
KEY
TERMS
Plans
Plans
are methods for achieving a
desired result.
Simulation
A
technique for experimenting with a
real-world situation through a
mathematical
model representing that situation. A model is an
abstraction of the
real
world.
Strategic
planning
is
the process by which top
management determines overall
organizational
purposes
and objectives and how they
are to be achieved.
Layoffs
At
times, the firm has no
choice but to actually lay
off part of its
workforce.
Strategic
planning:
It
is the process by which top
management determines overall
organizational
purposes
and objectives and how they
are to be achieved.
Human
Resource Information
System
HRISs
are systems used to collect,
record, and store, analyze,
and retrieve data
concerning
an organization's human
resources.
Job
Analysis:
Studying
and under-standing jobs through the
process known as job
analysis is
a
vital
part of any HRM program
Job
Specification
A
job specification is a document containing the
minimum acceptable
qualifications
that a person should possess in
order to perform a particular
job
Job
Description
A
job description is a written statement of
what the jobholder actually does,
how
he
or she does it, and under
what conditions the job is
performed.
Job
Evaluation
It
suggests about the relevant importance of a particular
job in organization.
Job
Identification
Contains
the job title, the FLSA
status, date, and possible
space to indicate who
approved
the description, the location of the job, the
immediate supervisor's
title,
salary and/or pay
scale.
Job
Summary
should
describe the general nature of the
job, and includes only
its major
functions
or activities.
Human
resource planning
(HRP):
It
is the process of systematically reviewing
human resource requirements
to
ensure
that the required number of employees,
with the required skills, is
available
when they are needed.
Recruitment:
It
is the process of attracting individuals on a
timely basis, in sufficient
numbers
and
with appropriate qualifications, and
encouraging them to apply for jobs
with
an
organization.
Job
Evaluation
It
is used to evaluate the importance of job
by considering its
contribution
towards
achievements of the objectives of
organization.
Advertising
A
way of communicating the employment needs
within the firm to the
public
through
media such as radio, newspaper,
television, industry publications, and
the
Internet.
Yield
Ratios:
Yield
Ratios help organizations
decide how many employees to
recruit for each
job
opening.
Internal
Recruiting Sources:
When
job vacancies exist, the
first place that an organization should
look for
placement
is within itself
Outsourcing
Out
sourcing is the process of transferring responsibility
for an area of
service
and
its objectives to an external service
provider instead of internal
employee.
Contingent
Workers
It
is also known as part-timers,
temporaries, and independent
contractors,
comprise
the fastest-growing segment of our
economy.
Internships
A
special form of recruiting
that involves placing a
student in a temporary job.
Recruitment:
Recruiting
refers to the process of attracting
potential job applicants
from the
available
labor force.
Selection
Process
Selection
is the
process of choosing from a
group of applicants those
individuals
best
suited for a particular
position.
185
Human
Resource Management
(MGT501)
VU
Application
Blank
Application
blank is a formal record of an
individual's application
for
employment.
Standardization:
Refers
to the uniformity of the procedures and
conditions related to
administering
tests. It is necessary for
all to take the test
under
conditions
that are as close to identical as
possible.
Objectivity:
Achieved
when all individuals scoring a given
test obtain the same
results.
Norms:
Provide
a frame of reference for comparing
applicants' performance
with
that of others. A norm
reflects the distribution of scores
obtained
by
many people similar to the applicant being
tested. The
prospective
employee's
test score is compared to the
norm, and the significance
of
the
test score is
determined.
Reliability:
The
extent to which a selection test provides
consistent results. If a
test
has
low reliability, its
validity as a predictor will
also be low. To validate
reliability,
a test must be
verified.
Validity:
The
extent to which a test measures what it
purports to measure. If a
test
cannot indicate ability to perform the
job, it has no value as
a
predictor.
Snap
Judgments:
This
is where the interviewer jumps to a
conclusion about the
candidate
during
the first few minutes of the
interview.
Socialization:
Teaching
the corporate culture and philosophies about how to
do
business
Socialization:
In
order to reduce the anxiety that
new employees may
experience,
attempts
should be made to integrate the person
into the informal
organization.
Training:
Training
is a process whereby people acquire
capabilities to aid in the
achievement
of organizational goals. It involves planned
learning
activities
designed to improve an employee's
performance at her/his
current
job.
Corporate
Culture:
The
firm's culture reflects, in effect, how
we do things around here.
This
relates to everything from the way
employees dress to the way
they
talk.
186
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