HumanResourcesS10

HumanResourcesS10 - WCOB 1023 Business Foundations Human...

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WCOB 1023 Business Foundations Human Resources Introduction to Human Resource Management What Is Human Resource Management? Human resource management is the process of hiring, developing, motivating, and evaluating employees to achieve organizational goals. Organizational goals and strategies form the basis for making all human resource management decisions. All companies strive to hire and develop well-trained, motivated employees. In turn, employees are a key element for gaining competitive advantage. The goal of human resource management is getting: -- the right number of people, -- with the right training, -- in the right jobs, -- to meet organizational goals. To this end, the human resource management process contains the following sequenced activities: Job analysis and design Human resource planning and forecasting Employee recruitment Employee selection Training and development Performance planning and evaluation Compensation and benefits The human resource (HR) management process encourages the development of high-performance employees. Good HR practices using this sequence foster performance improvement, knowledge and skill development, and loyal employees. Key Human Resource Decisions How many people do I need to hire? How much money should I spend on recruiting? How much training should I do? Managing Human Resources Job Analysis Job analysis is the first activity in the human resource management process. Job analysis is a study of the tasks required to do a particular job well. This is the domain of the industrial engineers. Information about a specific job is assembled through a process of observation, interviews, study of documents and forms, etc. This information is used to identify the most efficient way to perform the job, as well as specify the essential skills, knowledge, and abilities to do the job. A job analysis produces two results: a job description and a job specification. 1 | P a g e
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WCOB 1023 Business Foundations Human Resources A job description lists the tasks and responsibilities of a job. A job specification spells out the skills, knowledge, and abilities a person must have to fill tat job. These two documents help human resource planners find the right people for specific jobs. The Human Resources Demand Forecast Forecasting an organization’s human resources needs, known as an HR demand forecast, is an essential aspect of human resources planning. This process involves two forecasts: 1) determining the number of people needed by some future time, and 2) estimating the number of people currently involved by the organization who will be available to fill various jobs at some future time. The latter is an internal supply forecast . You will be faced with a similar situation in the Capsim Foundation business simulation. Each
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HumanResourcesS10 - WCOB 1023 Business Foundations Human...

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