Busi 342 - Study guides, Class notes & Summaries

6 areas of HR -HR Strat and Planning -Talent/Dev -Staffing -Rewards (Comp & Benefits) -Risk Mgmt -EEO -Employee Labor Relations McGloughlin's 2 key terms for HR "job-related" & "business necessity" 3 types of Paid workers: - Independent contractors - Exempt - Non-exempt No controlled by any company independent contractors Professional positions; administrative responsibility; exempt from being paid overtime b/c paid salary exempt UQ capability...

The process of recruiting internally o Organizational databases o Job Posting o Referrals from current employees o Boomerangs The process of recruiting externally o Media sources o Recruiting sources o Employment agencies o Head hunters o Job fairs o College campus career center o Internships/Co-Ops Recruitment Stage #1 of 3 Labor Force Population all the individuals who are available for selection Recruitment Stage #2 of 3 Applicant Population a subset of ^ t...

Rights powers, privileges, or interests derived from law, nature, or tradition Statutory rights are the result of specific laws or statutes passed by federal, state, or local governments Responsibilities which are obligations to perform certain tasks and duties Sociological Department visit employees at home and help them manage their household finances and family health Contractual right based on a specific contract with an employer Employment contract a...

Core competency A unique capability that creates high value at which an organization excels Productivity Measure of the quantity and quality of work done, considering the cost of the resources used Unit labor cost Computed by dividing the average cost of workers by their average levels of output Ways to increase employee productivity Organizational restructuring, redesigning work, aligning HR activities, and outsourcing analyses Other than productivity, what also ...

Balance Sheet A financial statement reflecting the value of a firm's assets, liabilities, and net worth at a particular point in time Book Value The value of an item as recorded on financial statements Current Assets Assets such as accounts receivables and inventory that are expected to be converted into cash within one year Marketable Securities (Cash Equivalents) Short-term investments, usually with maturities of less than one year, that are available for sale ...

Understand the areas of selection and placement Person/Environment fit Person/Group Fit Person/Job Fit Person/ Organization Fit 1. Know the types of selection tests Ability Tests Personality Tests EI tests Honesty Test 1. Understand what questions are illegal to ask on an application age or genetic information. Birthplace, country of origin or citizenship. Disability. Gender, sex or sexual orientation. Marital status, family, or pregnancy. Race, color, or ethnicity. ...

In addition to deciding whether a job applicant fits the organization as a whole, the hiring manager should think about for the employee, asking "Can our company provide the right job for this person?" placement Questions that ask for in the job application form should not be asked because they may violate anti-discrimination EEO legislation. marital A test is probably appropriate and valid for jobs such as a firefighter or lifeguard but might lack validity and violate EEO laws...

Human Resource Management designing management systems to ensure that human talent is used effectively and efficiently to accomplish organizational goals. Core Competency a unique capability that creates high value and differentiates an organization from its competition. Human Capital the collective value of the capabilities, knowledge, skills, life experiences, and motivation of an organizational workforce. Organizational Culture shared values and beliefs that give memb...

Strategy p. 38 A plan an org follows for how to compete successfully, survive and grow. Strategic Planning p. 38 The process of defining org strategy and allocating resources toward it's achievement Organizational Mission p. 38, The core reason for the existence of the organization and what makes it unique. Strategic HR Management p. 41 Entails providing input into org strategic planning and appropriate use of HR mgmt practices to gain competitive advantage Multi...