Management Chapter 9 Notes.docx

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Management (MGT)
Zachariah Campbell

Management Chapter 9 Notes Human Resource Management (HRM) – The set of organizational activities directed at attracting, developing, and maintaining an effective work force. The Strategic Importance of HRM Human resources are critical for effective organizational functioning. Human Resource Planning Job Analysis Job analysis is made up of two parts:  The job description lists the duties of a job, its working conditions, and the tools, materials, and equipment used to preform it.  The job specification lists the skills, abilities and other credentials needed to do the job. Forecasting HR Demand and Supply Forecasting the supply of labour involves two tasks:  Forecasting internal supply - the number and type of employees who will be in the firm at some future date  Forecasting external supply – the number and type of people who will be available for hiring from the labour market at large Replacement Charts Replacement Chart – An HR technique that lists each important managerial position, who occupies it, how long he or she will probably stay in it before moving on, and who (by name) is now qualified or soon will be qualified to move into it. This technique allows ample time to plan developmental experiences for people identified as potential successors to critical manageri
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