Textbook Notes (362,768)
Canada (158,052)
MGTA01H3 (583)
Chapter 9

Chapter 9 Notes

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University of Toronto Scarborough
Management (MGT)
Chris Bovaird

Chapter 9 Notes: Managing Human Resources The Foundations of Human Resource Management Human Resource Management: Set of organizational activities directed at attracting, developing, and maintaining an effective workforce The Strategic Importance of HRM Critical for effective organization Poor human resource planning = layoffs = unemployment compensation, training expenses Human Resource Planning Involves job analysis and forecasting the demand for and supply of labour Job Analysis A detailed study of the specific duties in a particular job and the human qualities required for that job Job description: The objectives, responsibilities, and key tasks of a job; the conditions under which it will be done; its relationship to other positions; and the skills needed to perform it Job specification: The specific kills, education, and experience needed to perform a job Forecasting HR Demand and Supply Assess trends in past HR usage, future organizational plans and general economic trends 2 tasks: forecasting internal and external supply of labour Internal supply: The number and type of employees who will be in the firm at some future date External supply: the number and type of people who will be available for hiring from the labour market at large o Simple approach is to adjust present staffing lvl for anticipated turnover and promotions 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 is now qualified or soon will be qualified to move into it Allows ample time to plan developmental experiences for people identified as potential successors Skills inventories: aka employee information systems. Computerized system that contain information on each employees education, skills, work experience, and career aspirations Can quickly locate every employee who is qualified to fill a position Matching HR Supply and Demand Page 1 www.notesolution.com
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