Click here to advance to the next slide. Chapter 15 Human Resources Management Section 15.1 Employees: The Key to Success Read to Learn Define human resources management. Describe how a company attracts and rewards good employees. Discuss what a human resources manager should consider about a job applicant. The Main Idea A human resources manager finds new employees for a company. Human resources staff members assist new workers through training and evaluations. Key Concepts Human Resources Meeting Staffing Needs Considering Job Applicants Key Term human resources the people employed in a business, commonly referred to as employees human the process of finding, selecting, resources training, and evaluating employees management Key Term job description a detailed outline of the duties, qualifications, and conditions required to do a specific job compensation pay and benefits Key Term wage an amount of money paid to an employee on an hourly basis salary a fixed amount of pay for each week, month, or year Key Term benefits extra compensation that workers receive such as health and life insurance, sick leave, holiday pay, and retirement plans actively looking for qualified people recruitment to fill a job Key Term the process of verifying certain background information provided by a job check applicant reference someone who comments on a job applicant’s character and qualifications for a job Human Resources Another term for employees is human resources. human resources the people employed in a business, commonly referred to as employees. Graphic Organizer Skill Knowledge Labor Employees Productive Business Experience Meeting Staff Needs The specific staffing needs of a business are usually handled by a human resources manager. Writing a Job Description When filling a job, human resources managers begin by writing a job description. job description a detailed outline of the duties, qualifications, and conditions required to do a specific job Writing a Job Description A job description might require a certain level of experience and education. The job could also be part-time, full-time, or temporary. Figure 15.1 Job Description Pay and Benefits To attract and keep good employees, businesses must offer competitive compensation. compensation pay and benefits Pay and Benefits Pay can be in the form of a wage or a salary. wage an amount of money paid to an employee on an hourly basis salary a fixed amount of pay for each week, month, or year Pay and Benefits Many jobs offer benefits. benefits extra compensation that workers receive such as health and life insurance, sick leave, holiday pay, and retirement plans Pay and Benefits A pension plan is a retirement plan that is funded at least in part by an employer. Pay and Benefits A profit-sharing plan makes an annual contribution to an employee’s retirement fund when the company makes a profit. Pay and Benefits With a 401(k) retirement plan, employees set aside a percentage of funds from each paycheck to go into their 401(k) investment account. Job Recruitment Human resources managers are responsible for recruitment. recruitment actively looking for qualified people to fill a job Job Recruitment Most recruiters first consider filling a new job with someone who already works for the company. Graphic Organizer Job Fairs Referrals Ads in Newspapers Ads in Magazines Recruitment Sources Employment Agencies Internet Schools Figure 15.2 Workplace Skills Hiring Older Workers More businesses are hiring people of retirement age. Companies such as Home Depot and Borders have joined with the American Association of Retired Persons, or the AARP, in a commitment to hire older workers. Considering Job Applicants The first step to selecting the right candidate for the job is reviewing résumés and application forms. A résumé is a worker’s summary of academic and work history. Considering Job Applicants The second step to selecting the right candidate for the job is interviewing qualified candidates. Graphic Organizer The Interview The recruiter finds out The candidate finds out • If the candidate is right for the job • If this is the right job for him or her • How the candidate communicates • Answers to any outstanding questions Considering Job Applicants The third step to selecting the right candidate for the job is testing. Testing helps companies make sure that job candidates have the right skills and character for a job. Background Checks and References The final step in selecting the right candidate is doing a background check, which includes checking references. background check the process of verifying certain information provided by a job applicant reference someone who comments on a job applicant’s character and qualifications for a job You own a retail store. You want to hire a cashier and want to make sure you hire someone who won’t steal from you. You know that the federal government has rules forbidding your use of a lie detector, so you decide to give applicants a psychological test to predict a tendency to steal. Decision Making Do you think it is appropriate to decide whether a person will steal based on the results of a psychological test? Explain your answer. Answer Answers will vary but students should suggest that it might not be fair to judge a person’s future behavior based on the results of a psychological test. However, it is smart for a business owner to be very cautious when hiring. 1. What are human resources? the people employed in a business 2. What do human resources managers do to help businesses meet staffing needs? they write a job description and advertise the position and also recruit potential employees 3. What are the four steps to selecting the right person for a job? reviewing each candidate’s application and/or résumé; screening people for the job; interviewing qualified candidates; and checking references End of Chapter 15 Human Resources Management Section 15.1 Employees: The Key to Success