Managing Human Resources Chapter 9 9 Chapter THE FUTURE OF BUSINESS Gitman & McDaniel 5th Edition Prepared by Deborah Baker Texas Christian University Learning Goals 1 What is the human resource management process and how are human resource needs determined? 2 How do human resource managers recruit and select qualified applicants? 3 What types of training and development do organizations offer their employees? 4 How are performance appraisals used to evaluate employees’ performance? Chapter 9 5 What are the different methods for compensating employees? Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 2 Learning Goals 6 What is organizational career management? 7 Why does a diverse workforce lead to stronger performance in the marketplace? 8 What are the key laws and federal agencies affecting human resource management? Chapter 9 9 What trends are affecting human resource management? Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 3 Human Resource Success Factors Attracting and hiring the best employees Equipping employees with the skills needed to excel Compensating employees fairly Chapter 9 Motivating employees to reach their full potential Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 4 Human Resource Challenges Competition for a limited number of employees Employees are struggling to balance their home and work lives Managers are challenged to manage and communicate with employees around the globe A diverse and multicultural workforce requires better workplace communication and training Technology is impacting decision making, communication, and business operation Chapter 9 Human resource laws are dictating many aspects of the employee-employer relationship Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 5 1 Learning Goal 1 Chapter 9 What is the human resource management process and how are human resource needs determined? Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 6 1 Human Resource Management Chapter 9 Human Resource Management The process of hiring, developing, motivation, and evaluating employees to achieve organizational goals Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 7 1 Human Resource Management Process Strategies and objectives of the organization Job analysis & design HR planning & forecasting Chapter 9 Training and development Employee recruitment Performance planning and evaluation Employee selection Compensation and benefits Organizational career management: Employee job changes and disengagement Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 8 Human Resource Planning 1 Job analysis & design HR planning & forecasting Chapter 9 Job Analysis Employee recruitment Employee selection A study of the tasks required to do a particular job well Job Description The tasks and responsibilities of a job. Job Specification A list of the skills, knowledge, and abilities a person must have to fill the job. Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 9 Human Resource Planning 1 Job analysis & design HR planning & forecasting Employee recruitment Employee selection Determine the number of people needed by some future time Chapter 9 The HR Demand Forecast Estimate the number of people currently involved who will be available to fill jobs at some future time Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 10 Human Resource Planning Process 1 Corporate strategy and policy HR objectives and policies HR demand forecast Compare HR supply forecast No difference: requirement = supply Differences Chapter 9 HR surplus 1. 2. 3. 4. Reassign Layoff Terminate Retire Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved HR shortage 1. Hire 2. Pay overtime 3. Subcontract 11 2 Learning Goal 2 Chapter 9 How do human resource managers recruit and select qualified applicants? Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 12 Employee Recruitment 2 Job analysis & design HR planning & forecasting Internal Labor Market Chapter 9 External Labor Market Employee recruitment Employee selection Follow a policy of promotion from within Find and attract qualified applicants from the external sources Advertising Search Firms Job Fairs Open Houses Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 13 Employee Selection 2 Job analysis & design HR planning & forecasting Employee recruitment Employee selection 1. Initial screening: application and interview 2. Employment testing 3. Selection interview 4. Background and reference checks Employment Selection Process Steps 5. Physical examination Chapter 9 6. Decision to hire Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 14 3 Learning Goal 3 Chapter 9 What types of training and development do organizations offer their employees? Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 15 3 Employee Training and Development Training Needs Assessment Training Objective Design of Training Program Chapter 9 Feedback for Training Improvement Conduct Training Program Training Program Evaluation Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 16 4 Learning Goal 4 Chapter 9 How are performance appraisals used to evaluate employees’ performance? Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 17 4 Performance Planning and Evaluation Performance Planning: Setting standards and expectations Chapter 9 Employee job task behavior Performance evaluation Rewards and job changes Performance Feedback Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 18 5 Learning Goal 5 Chapter 9 What are the different methods for compensating employees? Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 19 5 Employee Compensation and Benefits Hourly wages Salaries Types of Compensation Piecework & commission Accelerated commission schedule Bonus Chapter 9 Profit sharing Fringe benefits Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 20 6 Learning Goal 6 Chapter 9 What is organizational career management? Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 21 Chapter 9 6 Job Changes within the Organization Promotion An upward move to a position with more authority, responsibility, and pay. Transfer A horizontal move to a position with about the same salary and organizational level. Demotion The downgrading or reassignment of an employee to a position with less responsibility. Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 22 Separations Chapter 9 6 Layoff Temporary separation of an employee Arranged by employer Termination Permanent separation of an employee Arranged by employer Resignation Permanent separation of an employee Arranged by employee Retirement Separation of an employee at the end of his or her career Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 23 7 Learning Goal 7 Chapter 9 Why does a diverse workforce lead to stronger performance in the marketplace? Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 24 Cultural Diversity Chapter 9 7 1. Lower costs 2. Better hiring 3. More effective marketing 4. Greater employee creativity 5. More effective problem-solving 6. Quicker adaptation to change Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved Competitive Advantages 25 Chapter 9 7 Cultural Diversity Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 26 8 Learning Goal 8 Chapter 9 What are the key laws and federal agencies affecting human resource management? Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 27 8 Laws Affecting HR Management 1. Fair Labor Standards Act (1938) 2. Equal Pay Act (1963) 3. Occupational Safety & Health Act (1970) 4. Americans with Disabilities Act (1990) Chapter 9 5. Family and Medical Leave Act (1993) Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 28 The EEOC Process 8 Investigation Conciliation Litigation Chapter 9 http://www.eeoc.gov Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 29 9 Learning Goal 9 Chapter 9 What trends are affecting human resource management? Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 30 9 Trends in Human Resource Management Protecting whistleblowers Growth of minority recruiting Proactive management of diversity Advancing technology Chapter 9 Global competition Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 31