MGMT 1000 Chapter Notes - Chapter 8: Human Resource Management, Job Performance, The Foundations

• School: University of Guelph
• Department: Management
• Course: MGMT 1000
• Professor: Kathleen Rodenburg

Document Summary

Human resource management (hrm): set of organizational activities directed at attracting, developing, and maintaining an effective workforce. Job description: lists the duties of a job; it"s working conditions; and the tools, materials, and equipment used to perform. Job specification: lists the skills, abilities, and other credentials needed to do the job. Forecasting internal supply: future date the number and type of employees will be in the firm at some. Lists each important managerial position, who occupies it and how long they will have it for, who is qualified now, Computerised and contain information on each employee"s education skills, work experience, and career aspirations. Forecasting external supply: from the labour market at large the number and type of people who will be available for hiring. If a shortfall is predicted, new employees can be hired, present employees can be retrained and transferred to understaffed areas. If organization needs to hire: external labour-supply forecast.