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MGTA01H3 (583)
Chapter 8

Chapter 8

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Department
Management (MGT)
Course
MGTA01H3
Professor
Chris Bovaird
Semester
Fall

Description
Chapter 8 Managing Human ResourcesThe Foundations of Human Resource ManagementTermshuman resource management set of organizational activities directed at attracting developing and maintaining an effective workforceHuman Resource PlanningTerms job analysis a detailed study of the specific duties in a particular job and the human qualities required for that jobjob description the objectives responsibilities and key tasks of a job the condition under which it will be done its relationship to other positions and the skills needed to perform itjob specification the specific skills education and experiences needed to perform a jobForecasting HR Demand and Supply Termsforecasting internal supply the number and type of employees who will be in the firm at some future dateforecasting external supply the number and type of people who will be available for hiring from the labour market at large replacement charts a human resources technique that lists each important managerial position who occupies it how long he or she will probably stay in it before moving on and why by name is now qualified or soon will be qualified to move into itemployee information system skills inventories computerized systems that contains information on each employees education work experience and career aspirations Matching HR Supply and Demandafter comparing future demand and internal supply managers can make plans to manage predicted shortfalls or overstaffing if a shortfall is predicted new employees can be hired present employees can retrained and transferred into understaffed areas individuals planning for retirement can be convinced to stay on or laboursaving or productivity enhancing systems can be installedif the organization needs to hire the external laboursupply forecast helps managers plan how to recruit according to whether the type of person needed is readily available or scarce in the labour marketthe use of temporary workers also helps managers in staffing by giving them extra flexibility if overstaffing is expected to be a problem the main options are transferring them the extra employees not replacing individuals who quit encouraging early retirement and laying people off Recruiting Human Resources Recruitingrecruiting the phase in the staffing of a company in which the firm seeks to develop a pool of interested qualified applicants for a questionsome recruits are found internally others are found outside the organization
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