Human resource department is responsible for coordinating all activities involving the company s employees. They study the labour market (where employers meet employees) to see what occupations and skills are available, what education programs are offered in the area
Predictions about jobs are called occupational forecasts. They look for various types of labour: Unskilled labour little training is required semi-skilled labour requires some instruction Skilled labour requires training through an educational institute or previous employment Professional labour highly trained people with specific occupations May help employees develop a career plan A plan that will help with promotion and growth
HRM will determine if there is a need for new employees Will look at staffing budget Predict personnel needs by looking at employee turnover the rate at which employees leave the firm By looking at how personnel needs will be impacted by technology, hiring practices, shifts in economic conditions.
To start looking to fill a vacancy, most companies will look internally (within the company) Horizontal movement (moving within the company at the same pay scale and responsibilities) Vertical movement (moving within the company to a more senior position) If they cannot find an internal employee, they will look outside for someone with the right qualifications. Advertisements (newspaper, online) Recruiting HRSCD (Human Resources and Skills Development Canada) Co-op programs Headhunters Employee Referral Program Recent Job Applicants ( Your resume will be kept on file for 6 months )
Applicants will apply with cover letters, resumes, transcripts, portfolios and will be offered an interview if the qualifications and expectations are the same or similar to the applicants experience and education. The last step to hire someone is to conduct a reference check.
HRM is responsible for providing job training During orientation, you get to meet other employees, tour the facility and often get a general understanding of your position Job training and probation varies depending on the position and employer
Some employees leave voluntarily based on personal, family or medical needs. May be required to do an exit interview (why they are leaving, future goals, how the company met their needs, etc). An employee may also be dismissed If an employee is not fulfilling duties as required An employee may be laid off to cut back expenses or because a project is over Some companies offer severance packages and outplacement counseling to ease a transition to a new job. Retirement Happens when an employee voluntarily leaves the labour market often at 55+ when they qualify for a pension. Many people do not retire anymore, but, move elsewhere in the labour market.
HRM handles compensation Hourly Get paid by the hour Minimum wage Salary Fixed amount of $ that an employee receives on a schedule Salary + Commission Salary plus a percentage of his/her sales (Car salespeople) Straight Commission A percentage of sales made Incentive Bonus A bonus for reaching a sale quota or target Performance Based Pay Known as piece work Artists for example get paid on the number of pieces they produce Fee-for-service Fee for a service rendered Caterers, cleaning businesses, etc. Royalty or Licensing Fee Payment for the use of an idea or creativity Stock Options Often employees will be offered the ability to buy stocks at lowerthan-market prices
They are responsible for: planning short and long term goals Strategic Planning is HUGE!! Where will they be in 5 years? organizing the organization Leading the employees Motivation, managing conflict and stress, communicating with subordinates the goals and direction of the company