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Chapter 9

MGTA03 Chapter 9

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

Description
Chapter 9 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 Human resourcespersonnel is critical for effective organizational functioning HRM has been growing in past years and is continuing to grow as it is recognized to be valuable for improving productivity, it has increased legal complexities, and the many costs that arise from bad human resource management Poor human resource planning can lead to layoffs expensive unemployment costs and training expenses There is a Chief Human Resource Executive who is directly accountable to CEO Firms are establishing strategic human resource plans along with their strategic planning activities Human Resource Planning The starting point in attracting qualified human resources is planning 1) Job Analysis A detailed study of the specific duties in a particular job and the human qualities required for that job. Necessary for appropriate selection methods, etc. ~Job Description: The objectives, responsibilities, and key tasks of a job. The conditions under which it will be done, its relation to other positions and the skills needed to perform it ~Job Specification: The specific skills, education, and experience needed to perform a job 2) Forecasting HR Demand and Supply Managers start by assessing the trends in past HR usage, future organization plans and general economic trends Sales forecast and historical ratios can be used to predict demand for employees Large organizations use more complicated models to assess To forecast the supply of labour: www.notesolution.com
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