BU121 Lecture Notes - Lecture 18: Hypothesis, Equal Pay For Equal Work, Criterion Validity
Document Summary
Without people, the pieces don"t come together. Hr is very important crucial to foundation of the business. Gaining employee commitment is the base of how the business will run. Hard to meet other critical success factors without this. Forecasting & planning: marketing & operations. Job analysis: critical step to accomplish all other steps. Build job description & job specification: description: what exactly is the job, tasks and responsibility, specification: characteristics of a successful worker, job requirements, analysis of what types of people to hire. What skills do they need: determines their pay. Definition: the action of finding new people to join an organization or support a cause. ". Quality of hire: measured by employee turnover. Top sources of quality hires: social professional networks 43, internet job boards, employee referral program. What methods to use: yield ratios: % of applicants that proceed to the next stage.
