HRM Summaries
HRM Summaries
Chapter 1 - Summary
Management Functions:
Planning > Organizing > Staffing > Leading > Controlling
HRM Activities:
1. Job Analysis (what’s the nature of the job we’re recruiting for?)
2. Selecting Job Candidates
3. Training and onboarding new employees
4. Compensation Plans, Salaries, Incentives..etc
5. Building good relationships with employees to make them more committed
Authority: the right to make decisions and give orders to others or assist them.
There are 2 types of authority:
- Line Authority: giving orders to other employees or managers
- Staff Authority (assisting or giving advice to other employees or managers
HRM Specialists:
1. Job Analyst: prepares the job descriptions + job specifications
2. Recruiter (Acquisition Specialist): search for the qualified candidates
3. Equal Employment Opportunity coordinator (EEO): examines any violations & submit
EEO reports
4. Compensation Managers: develop compensation plans, incentives, fair salaries,
employee benefit programs..etc
5. Training Specialist: training and onboarding new employees
6. Labor Relations Specialist: union management relations (build good relationships
with employees, PR, events..etc)
Trends Shaping HRM:
1. Globalization: extending the company to new markets abroad.
- Which means more competition, requiring local employees to acquire global
skills
- Benefit: lower prices to consumers + more productive & skilled employees
- Threat: less secure jobs, employee has to earn remaining in that position
2. Technological: technological skills are now need everywhere.
3. Trends in the nature of work: ex. High-tech jobs & service jobs (a job where we
provide services to other people)
4. Knowledge work & Human Capital: looking for certain skills (ex. Critical
5. thinning or Information Technology) rather than only looking for experience
6. Demographic Trends:
- Calling retirees to continue working after retirement (ex. For consulting)
- Non-traditional workers that work in alternative work arrangements (ex.
part-time workers or multi-national workers)
Farah Ahmed Wahsh 512291859
Chapter 2 - Summary
Job Analysis: the process of determining the duties of every position and
characteristics/skills of the people to hire. (Job Description + Job Specification)
4. Developing an action plan to match projected supply with projected demand &
filling the gaps
Effective Recruiting
Attracting applicants for open positions to create a pool of applicants.
- Recruiting is challenging due to 1) the type of the job, 2) sometimes the success of
recruiting doesn’t always depend on recruitment issues and policies, 3) employment
laws.
- There are 2 sources for candidates: Internal & External
1. Internal Sources for Candidates:
- We can fill our open positions with our inside candidates because
we’ve already interviewed them, we know their strengths and
weaknesses, they also require less trainings, they are more loyal to
the company
- 3 methods for internal recruiting: Job posting or Rehiring or
Succession Planning (this is only for filling top positions/for top
managers)
2. External Sources for Candidates:
- Recruiting via internet is by far the recruiting source of choice for most
employers (ex. Through website)
- Other online recruiting practices (ex. Linkedin, Facebook, Twitter)
- Advertising in business magazines or local papers, where employers
should address 2 issues: advertising medium & advertising
construction.
- Employment agencies: Public agencies, Non-profit organisations,
Private owned agencies
- Executive Recruiters (Headhunters): special employment agencies
that seek out top management talent & hunt them by for example
doubling their salaries
- College Recruiting: creating an applicant pool of fresh-graduates
(advantage: lower salaries)
- Referrals & Walk-ins (Part Time/Freelancers)
- Offshoring & Outsourcing
Offshoring: basing some of the company’s services outside the
country (ex. Offshoring my Sales team) for lower costs
Outsourcing: vendors supply services outside the company (ex.
Market research)