Week 1 Notes
Week 1 Notes MGMT 453
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This 3 page Class Notes was uploaded by Patricia Soto on Monday January 18, 2016. The Class Notes belongs to MGMT 453 at University of Illinois at Chicago taught by Bingqing Wu in Winter 2016. Since its upload, it has received 80 views. For similar materials see Human Resource Management in Business, management at University of Illinois at Chicago.
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Date Created: 01/18/16
MGMT 453 Week 1 Notes HR Management has an increasing demand in the job market. Personality Test – Myers-Briggs Type • You will behave consistently in different situations. • Extrovert or Introvert? -> How do you get your energy? • Sensor or Intuitive? -> How you take in information o Sensor: focus on facts & details o Intuitive: compare to other things • Thinking or Feeling -> How you make decisions? o Thinking: Objective data, pros and cons o Feelers: values, relationships • Judger or Perceiver? -> How you organizer your life? o Judger: To do list, organization o Perceiver: Flexibility, likes surprises Identity – a person’s conception and expression of their own (self- identity) Reputation – a component of identity as defined by others ( Respect, Ethics, Honesty, Integrity) Impression Management – is a goal-directed conscious or unconscious process in which people attempt to influence the perceptions of others about a person, object, or event. What is HRM? • The policies, practices and systems that influence employee’s behaviors, attitudes and performance. The Concept of Human Capital • Human capital – an organization’s employees described in terms of their training, experience, etc. HRs have the necessary qualities to provide organization with this advantage (valuable, rare skill sets, HR can’t be imitated, no good substitutes). *Memorize • An organization can succeed if it has sustainable competitive advantage. When HRM is effective • Employees and customers tend to be more satisfied because the company tends to be more innovative, have greater productivity, or develop a more favorable reputation in the community. Good Schools for HRM • Cornell • UofI • MSU MGMT 453 Week 1 Notes • PSU • Cleveland State U • Wayne State U Gender Role Theory Women continue to experience difficulties being hired and promoted in many jobs even when they are equally or superiorly qualified. Agree? Disagree? Why? • Recent history (50’s wasn’t too long ago) • Societal Roles (some jobs are for men) Guest Speaker – Jan 22 Prepare Questions Jacer Aguilar Functions & Responsibilities of HRM Analysis and design of work – Work analysis; job design; job descriptions Recruitment and selection – recruiting; job postings; interviewing; testing; coordinating use of temporary labor Training and development – orientation; skills training; career development programs Performance Management – performance measures; preparation and administration of performance appraisals; discipline Compensation and benefits – wage and salary administration; incentive pay; insurance; vacation leave administration; retirement plans; profit sharing; stock plans Employee relations – attitude surveys; labor relations; employee handbooks; company publications; labor law compliance; relocation and outplacement services Personnel policies – policy creation; policy communication; record keeping; HR information systems Compliance with laws Support for strategy Vocab Job analysis – The process of getting detailed information about jobs Job Design – the process of defining the way work will be performed and the tasks that a given job requires Recruitment – the process through which the organization seeks applicants for potential employment Selection – the process by which the organization attempts to identify applicants with the necessary knowledge, skills, abilities and other characteristics that will help the organization achieve its goals. MGMT 453 Week 1 Notes Question Which of the following qualities were in the top 5 reported by employers? A. Technical skills B. Intelligence C. Interpersonal skills D. Computer skills ->Conveys the shift to interpersonal skills being more valued -There used to be a huge hierarchy, now it’s getting more decentralized Qualities of Job Candidates • Howard Schultz (CEO of Starbucks) o Hiring people is an art, not a science, and resumes can’t tell you whether someone will fit into a company’s culture. When you realize you’ve made a mistake, you need to cut your losses and move on.
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