MGMT TEST 2.docx - MGMT 310 Test#2 Chapter 8 Organizational...

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MGMT 310 Test #2 Chapter 8: Organizational Design Culture: - Underlying roadmap on how to get work done and how people interact Levels of Culture: Artifacts: - Visible organizational structures, processes, and languages Beliefs and Values: - The meanings that members of an organization attach to artifacts - Ex: people’s personal values and beliefs they hold dear Assumptions: - A behavior that stemmed from a belief held by a group that is no longer visible, but has become deeply embedded in the organization - Ex: professor believes students should show up on time but never says it Culture Differences
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Determinants of Culture Chapter 9: Managing Human Capital Managing Human Capital: - Commonly known or considered as the H.R department businesses have Examples of Human Resource Management: - Google - Wegmans - Nordstrom Human Capital Growth
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Managing Human Capital (5 Dimensions) - HR planning - Recruiting - Training and Development - Compensation o The range a manager can offer a new employee - Separation HR Planning Business Units: - Ex: capital one = small business credit card unit HR Planning: - Job Analysis: the process of analyzing information about specific job tasks in order to provide a more precise job description and define the characteristics of the ideal candidate for the position - Requires Benchmarking Compensation and benefits offerings - Capital One: Being paid the top quartile percentage of all other same jobs for different companies - Get better people since they’re being paid higher than others in that job description in the industry - Requires assessment of the business environment to understand the availability of workers with specific skill levels Recruiting Talent: - Internal : finding qualified applicants from workers who already work at the firm o Pros: - Knowing company culture, background, and procedures
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- Shows employees have a potential to move up in the company; growth - Organization is aware of the candidate’s skills - External : finding qualified applicants outside the firm o Higher compensation offered to external recruits may cause equity issues within a firm Selecting Talent: -
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