LER Exam 1 Studyguide - LER100 Exam 1 Review Importance of...

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LER100 Exam 1 Review Importance of Work in Life Three ways of viewing WORK Work as a job (focus on survival; money, benefits, and pay) Work as a career (focus on success, esteem, recognition, and power) Work as calling (focus on meaning, purpose, and calling) JOYFUL WORK --Your work affects everything else in your life. Don't underestimate the impact on your mood and your health when you spend endless hours waiting for time to pass. --When work feels like prison, how joyful can your life be? (Remember 97, 200 hours!) --When your work is joyful, your life will become connected with no separation needed between work and home, vacation and vocation, Monday and Friday. INTRO TO HR HR's value is being increasingly recognized Historically, HR managers performed mostly administrative tasks (payroll, signing people up for benefits, scheduling, etc.) TODAY, it become a more strategic role . EVERY organization has HR people --multinational corporations --small businesses --hospitals --governments (city, state, federal) --universities --non-profit organizations/charities --law firms --pro sports teams --even unions have HR people!
WHAT THEY DO: 1. Recruitment & Selection 2.Training & Development 3. Compensation 4. Benefits 5. Diversity 6. Performance Management 7. Wellness 8. Employment Laws 9. Employment Relations (if unionized) HR' Key Roles Strategic Business Partner/ Advisor 1. contribute to the bottom line 2. minimize labor costs 3. maximize labor productivity Employee Advocate/ Champion 1. concerned with employee welfare 2. help employees reach their potential 3. create a positive work environment 4. make safety as priority Change Agent Administrative Expert COMPENSATION & BENEFITS Compensations: 89% of ees surveyed rated salary as being most important when deciding whether to accept a job offer. More than 50% of the survey respondents believe they are underpaid. How To Evaluate Compensation?
External Equity Internal Equity The degree to which employees are rewarded according to the value of their job to the employer.

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