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 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 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