MGT 262 Study Guide - Spring 2018, Comprehensive Midterm Notes - Employment, Layoff, Offshoring
MGT 262
MIDTERM EXAM
STUDY GUIDE
Fall 2018
• Human Resources Management:
➢ HR Management: designing management systems to ensure human talent is
used effectively & efficiently to accomplish organizational goals.
o Employment
o Training
o Compensation
o Developing policies
o Relating to policies
o Developing strategies to retain policies
▪ In the past, HRM duties included:
Processing payroll
Sending birthday gifts to employees
Arranging company outings
Making sure forms were filled out correctly
◼ More of an administrative role rather than a strategic role; still
crucial to the success of organization.
➢ HRM Roles:
o Staffing:
▪ Involves entire hiring process from posting a job to negotiating a
salary package.
▪ There are 3 main steps within staffing function:
1. Development of a staffing plan.
❖ Allows HRM to see how many people they should hire based on
revenue expectations.
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2. Development of policies to encourage multiculturalism at
work.
❖ Multiculturalism in workplace is becoming more & more
important.
❖ We have many more people from a variety of backgrounds in
the workforce.
3. Recruitment.
❖ Finding people to fill the open positions.
4. Selection.
❖ People will be interviewed & selected.
❖ A proper compensation package will be negotiated.
❖ Followed by:
◆ Training
◆ Retention
◆ Motivation
• Human Resources As Organizational Core Competency:
➢ Development & implementation of specific organizational strategies must be
based on areas of strength in an organization.
o Core Competency: a unique capability that creates high value &
differentiates organization from competition.
▪ Core Competencies in Possible HR Areas:
Productivity
Quality
Service
Employee Skills
Innovative Operations
find more resources at oneclass.com
find more resources at oneclass.com
Document Summary
Hr management: designing management systems to ensure human talent is used effectively & efficiently to accomplish organizational goals: employment, training, compensation, developing policies, relating to policies, developing strategies to retain policies. Making sure forms were filled out correctly. More of an administrative role rather than a strategic role; still crucial to the success of organization. Involves entire hiring process from posting a job to negotiating a salary package: there are 3 main steps within staffing function, development of a staffing plan. Allows hrm to see how many people they should hire based on revenue expectations: development of policies to encourage multiculturalism at work. Multiculturalism in workplace is becoming more & more important. We have many more people from a variety of backgrounds in the workforce: recruitment. Finding people to fill the open positions: selection. A proper compensation package will be negotiated. Motivation: human resources as organizational core competency:
