Professional Documents
Culture Documents
Acquisition
Acquisition -Job Analysis
A job analysis refers to studying a job in order to understand what is needed to help the job holder perform a
job successfully.KnowledgeSkillsAbilitiesAttitudes
5 Acquisition - Recruitment
The process of finding and attracting job candidates who are qualified to fill job vacancies.Internal
recruitmentIdentifying candidates from inside the organization and encouraging them to apply for jobs that
are vacant.External recruitmentAdvertising for and soliciting applicants from outside the organization.
6 Acquisition - Selection
Selection is the process of evaluating and choosing the best qualified candidate from the pool of applicants
recruited for the position.It entails the exchange of accurate information between employers and job
candidates to optimize the person-job match.Although organizations usually make these decisions, applicants
also self-select by choosing to join, not to join, or to leave, organizations according to their individual needs.
Training
A planned effort to assist employees in learning job-related behaviors in order to improve performance.
Companies train employees in an effort to prepare them to work toward achieving the goals and objectives
of the organization.
Technical training
On-the-job training
Performance Appraisal
A systematic process of evaluating employee job-related achievements, strengths, weaknesses, as well as
determining ways to improve performance .Uses of performance appraisal information:
Motivation
Personnel movement
Training
Rater Patterns
Contrast Error
Recency Error
Compensation
Compensation, the third major HRM function, refers to HRM duties related to paying employees and
providing incentives for them. HRM professionals are typically charged with developing wage and salary
systems that accomplish specific organizational objectives, such as employee retention, quality,
satisfaction, and motivation.
Direct Compensation
Base pay Refers to wages and salaries employees receive in exchange for performing their jobs
Incentives. Compensation beyond base pay used to attract, retain, and motivate employees.Bonuses,
commissions, profit-sharing plans, stock options.
Indirect Compensation
Benefits
Rewards employees receives as part of their employment relationship with the organization.
Benefit categories
Retirement
Fairness
Compensation designers are concerned with three sources of fairness expectation:
External Fairness Is the pay for the job fair in one organization relative to the pay for the same job in other
organizations?
Internal Fairness Is the pay for the job within the organization fair relative to the pay of other jobs in the
same organization?
Employee Fairness Is the pay fair relative to what coworkers are making on the same job?
Labor-Management Relations
The formal process through which labor unions represent employees to negotiate terms and conditions of
employment, including:
Pay
Hours of work
Benefits
Equal employment opportunity (EEO) laws prohibit the consideration of race, color, religion, national origin,
or gender in employment decision-making.