BA 101 Introduction to Business 11. Managing Human Resources

Human Resource Management (HRM) Motivation Compensation AcquiringAcquiringMaintainingMaintainingDevelopingDeveloping Evaluation Training & Development

Functions of the Human Resources Department Planning for Staffing Needs Recruiting and Hiring Training and Development Appraising and Retaining

Planning for Staffing Needs From Business Plan Estimate Demand for Employees Estimate Demand for Employees Estimate Supply of Employees Estimate Supply of Employees Perform Job Analysis Perform Job Analysis Write Job Descriptions Write Job Descriptions Write Job Specifications Write Job Specifications To Hiring Process To Hiring Process Evaluating Job Requirements Forecasting

Evaluating Job Requirements JobAnalysisJobAnalysisJobDescriptionJobDescriptionJobSpecificationJobSpecification

InternalSearches Newspaper Ads Internet Ads Trade Shows HeadhuntersReferrals EmploymentAgencies Union Halls Colleges Recruiting Employees

The Hiring Process Select Qualified Candidates Select Qualified Candidates 1 1 Conduct In-Depth Interviews Conduct In-Depth Interviews 3 3 Check References Check References 5 5 Screen the Candidates Screen the Candidates 2 2 Evaluate the Candidates Evaluate the Candidates 4 4 Select the Best Candidate Select the Best Candidate 6 6

Background Checks EducationalCredentials Time Gaps Between Jobs Arrest Records EmploymentVerification ReferenceChecks Credit Histories

Training and Development Orientation Training Retraining

Appraising Employees Electronic Performance Monitoring Electronic Performance Monitoring 360-Degree Reviews 360-Degree Reviews Regular Written Evaluations Regular Written Evaluations Periodic Performance Appraisals Periodic Performance Appraisals Objectivity Fairness Improvement Standards

Workplace Compensation WagesSalaries BenefitsPay ScaleBenefitsBonuses Hourly Workers Corporate Executives

Benefits and Services Insurance Retirement Plans Stock Options Family Benefits

Insurance Benefits Life and Health Dental and Vision Disability Long-Term Care

Retirement Benefits Defined Benefit Plans Retirement age Average salary Years of service Retirement age Average salary Years of service Defined Contribution Plans Employer contributions Employee contributions Accumulated earnings Employer contributions Employee contributions Accumulated earnings Employee Pension Plans

Family-Friendly Benefits Elder-CareElder-CareUnpaidLeaveUnpaidLeave DaycareDaycare

Other Employee Benefits Vacations, holidays, and sick leave Vacations, holidays, and sick leave Professional development Professional development Financial or legal counseling Financial or legal counseling Wellness programs Wellness programs Employee Assistance Programs Employee Assistance Programs Corporate perks Corporate perks

Overseeing Changes in Employment Status Promotion Reassignment Termination Retirement

Terminating Employees Performance Related Not Performance Related At-Will Employment Wrongful Discharge Rank and Yank Business Downturns Effects on Employees Outplacement Efforts