Textbook Notes (363,135)
Canada (158,215)
MGTA01H3 (583)
Chapter 9

Chapter 9 Notes

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University of Toronto Scarborough
Management (MGT)
Chris Bovaird

Chapter 9 Managing Human Resources THE FOUNDATIONS OF HUMAN RESOURCE MANAGEMENT - human resource management (HRM) set of organizational activities directed at attracting, developing, and maintaining an effective workforce The Strategic Importance of HRM -poor human resource planning can result in spurts of hiring and layoffs Human Resource Planning Job Analysis A systematic analysis of jobs within an organization. Made up of 2 parts Job description lists the duties of a job, its working conditions, and the tools, materials, and equipment used to perform it Job specification lists the skills, abilities, and other credentials needed to o the job Forecasting HR Demand and Supply -Forecasting the supply of labour: 1) forecasting internal supply the number and type of employees who will be in the firm at some future date 2) forecasting external supply the number and type of people who will be available for hiring from the labour market at large - Replacement charts 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 - Skills inventories (employee information systems) mputerized systems that contain information on each employees education, skills, work experience, and career aspirations Matching HR Supply and Demand - shortfalls or overstaffing can be predicted after comparing future demand and internal supply - shortfalls new employees can be hired, present employees can be retrained and transferred into understaffed areas - overstaffing transferring the extra employees, not replacing individuals who quit, laying people off STAFFING THE ORGANIZATION Recruiting Human Resources - recruiting the phase in the staffing of a company in which the firm seeks to develop a pool of interested, qualified applicants for a position some are found internally, others from outside www.notesolution.com
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