LESSON-2-5-FINAL-REVIEW.docx

LESSON-2-5-FINAL-REVIEW.docx - LESSON 2-5 TO DO FOR EACH...

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LESSON 2-5 TO DO FOR EACH LESSON: Lesson Objectives Textbook Definitions Key Points Quizzes LESSON 2 Lesson Objectives: Define the meaning of human resource management, performance management, training and development Human Resource Management: The strategic approach to the management of an organizations employees; Its objectives are to recruit, motivate, develop and retain employees whose performance is necessary for the attainment of the organizations goals Performance Management : The process of establishing performance expectations with employees. The design of interventions and programs to improve performance. Monitoring the success of the interventions and programs. Training: the acquisition of knowledge, skills and abilities to improve performance on one’s current job. A planned effort undertaken by a company to facilitate their employees learning of job-related competencies. Development: the gaining of knowledge, skills and abilities to perform future job responsibilities and the long-term achievement of individual career goals and organizational objectives. List the organizational, employee and societal benefits of training and development (T&D) The Benefits of Training and Development A. Employee Benefits Intrinsic ( belonging naturally; essential.) Greater knowledge and skills Higher self-efficacy Feel more useful More positive attitude towards their job and organization Extrinsic ( not part of the essential nature of someone or something; coming or operating from outside.) Higher earnings More marketable Greater job security Enhanced promotion prospects B. Organizational Benefits Organizational strategy
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Help organizations achieve their short-and long-term goals Increase organizational effectiveness Better productivity, fewer errors, fewer accidents, less supervision needed Return on investment Employee recruitment and selection A company’s training and development program can help recruit new employees, and retain the ones they have C. Societal Benefits Educated population Helps to create an educated and skilled workforce Provides skills that also serve employees outside of the work environment Better standard of living A better-trained workforce is more productive, thereby improving the economy and the standard of living Describe the state of T&D in Canada and Quebec Training in Canada Demographics Aging workforce as a baby boomers retire Rate with which workers are leaving the workforce is greater than the ability of new employees to fill that void Will likely have to rely on immigration Causing a loss of expertise and knowledge Greater need for knowledge management initiatives Evolution of Information Technologies New products New ways of gathering information New ways of communicating New ways to efficiently carry out the tasks of one’s job Quebec’s “1% Law” Legislation (Bill 90) was introduced in 1995 to catalyze the stagnant workplace training sector.
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