Lecture Management: Leading and collaborating in a competitive world - Chapter 10: Human resource management

Chapter 11 discuss how companies use human resources management to gain competitive advantage, give reasons companies recruit both internally and externally for new hires, identify various methods for selecting new employees, evaluate the importance of spending on training and development, explain alternatives for who appraises an employee’s performance.

Human Resource Managemen t Chapter Ten Copyright © 2015 McGraw­Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw­Hill Education Learning Objectives LO Discuss how companies use human resources management to gain competitive advantage LO Give reasons companies recruit both internally and externally for new hires LO Identify various methods for selecting new employees LO Evaluate the importance of spending on training and development 10-2 Learning Objectives (cont.) LO Explain alternatives for who appraises an employee’s performance LO Describe the fundamental aspects of a reward system LO Summarize how unions and labor laws influence human resources management 10-3 Human Resource Management Human resources management (HRM) – Formal systems for the management of people within an organization 10-4 Strategic Human Resources Management Human capital – The knowledge, skills, and abilities of employees that have economic value 10-5 Figure 10.1 An Overview of the HR Planning Process 10-6 The HR Planning Process Job analysis – A tool for determining what is done on a given job and what should be done on that job 10-7 Advice on Termination Table 10.1 10-8 Training and Development Training – Teaching lowerlevel employees how to perform their present jobs Development – Helping managers and professional employees learn the broad skills needed for their present and future jobs 10-9 Training and Development Needs assessment – An analysis identifying the jobs, people, and departments for which training is necessary 10-10 Types of Training Orientation training – Training designed to introduce new employees to the company and familiarize them with policies, procedures, culture, and the like Team training – Training that provides employees with the skills and perspectives they need to collaborate with others 10-11 Performance Appraisal Management by objectives (MBO) – A process in which objectives set by a subordinate and a supervisor must be reached within a given time period 10-12 Performance Appraisal 360-degree appraisal – Process of using multiple sources of appraisal to gain a comprehensive perspective on one’s performance 10-13 Factors Affecting the Wage Mix Figure 10.6 10-14 Determinants of Union Voting Behavior Figure 10.8 10-15 ... performance LO Describe the fundamental aspects of a reward system LO Summarize how unions and labor laws influence human resources management 1 0-3 Human Resource Management Human resources management. .. – Formal systems for the management of people within an organization 1 0-4 Strategic Human Resources Management Human capital – The knowledge, skills, and abilities of employees that have economic... set by a subordinate and a supervisor must be reached within a given time period 1 0-1 2 Performance Appraisal 360-degree appraisal – Process of using multiple sources of appraisal to gain a comprehensive