by terry tossman grant bimstefer matt king. workforce- made up of all people 16 years or older are...
TRANSCRIPT
Workforce- Made up of all people 16 years or older are employed and looking for a job, includes more than 140 million people The business world consists of hundreds of
thousands of companies Bureau of Labor Statistics researches
thousands of different jobs
Human Resources Basics
The Occupational Outlook Handbook offers up-to-
date information about the U.S. workforce There are two major types of industries analyzed
in the handbook1. Service-producing industries which include
businesses that perform services the need of other businesses and consumers
2. Goods-producing industries which include business that produce or manufacture products used by other businesses or purchased by final producers
Occupational Outlook Handbook
Occupations are affected by industry trends and current developments in certain types of businessOccupations are also referred to in terms of two very broad types of workers: Blue-Collar- Great deal of manual work White-Collar- More mental than physical work
Occupations
Consumer Preferences Business Cycles New Technologies Business Competition1. Downsizing- Planned reduction in the number
of employees needed in a firm to reduce cost2. Outsourcing- Removes work from one
company and sends it to another company to complete it at a lower cost
Influences on the Workforce
The people who work for a business, includes management and employees, full time and part time workersSome of the major goals of HR is:1. Identify the personnel needs of the company2. Match abilities and interests with specific jobs3. Protect the health and well-being of
employees
Human Resources
Planning and staffing which are directed at identifying and filling all of the jobs in the company with qualified peoplePerformance Management involves evaluating the work of employees and improving performance through training and developmentCompensation and Benefits is responsible for planning and managing payroll, and personnel recordsEmployee Relations is responsible for maintaining a safe, healthy, and productive work environment
Human Resources Activities
The US workforce is made up of how many people?A. 80 millionB. 100 millionC. 190 millionD. 140 million
Person whose work is more mental than physical is considered…?A. Service EmployeeB. Human Resource ManagerC. Blue-Collar WorkerD. White-Collar Worker
Human Resources management ensures
that needed employees are available, productive, paid, and satisfied with their work.
This will result in a profitable, and successful business.
Once an employee is hired, the person’s salary must be paid whether the company is profitable or not.
8-2 Managing Human Resources
The company must decide whether this
employee will be permanent or temporary. Permanent employees are employees
whom the company makes a long term commitment with.
It is expected that the employee will work there as long as the business is profitable and employee’s performance is satisfactory
Classifying employees
Temporary employees are employees who
are hired for a specific time or to complete a specific task.
Full time employees regularly work schedules of 30 hours or more a week
Part time employees have shorter work schedules with either few hours each day or fewer days a week
Classifying Employees continued
Job analysis is a specific study of a job to
identify in detail the job duties and skill requirements.
First human resources staff reviews the current job in detail, like skills and knowledge needed. Then they plan any new activities planned for the new analysis and whether the employee is temporary. Permanent, part-time, or full time
Determining job requirements
Application process The application process gathers personal
information, information on education, and work experience history about the future employee.
for career level jobs The applicant may be asked to submit an application letter and a resume.
Recruiting and hiring
The final step in the hiring process is to help
the new employee get a good start in the company.
As a part of this orientation the new employee must meet with human resources specialists to complete all paperwork needed to receive pay and benefits. In return the company will have a complete employee record.
New employee orientation
Compensation is the amount of money paid
to an employee for work performed Compensation is made up of two parts Salary and wages which are direct
payments of money to an employee for work completed.
Benefits are compensations in forms other than direct payment
Benefits are things like vacations, and health programs
Compensation and benefits
Time wage pays the employee a specific
amount of money for each hour worked Specific salary pays a specific amount of
money for each week or month worked neither of these types of compensation are
based on the amount or quality of work done, but by the amount of time spent on a job.
Incentive system connect the amount of compensation to quality or quantity of an employee's performance
Compensation methods
Commission is when an employee is paid a
percentage of sales for which he or she is responsible
Piece of rate when an employee receives a specific amount for each unit of work produced
Base plus incentive is when a system combines a wage or salary with an additional amount based on the employee’s performance.
Compensation methods
On average business’s have an additional 20
to 40% of an employee’s wages is spent on benefits
If an employee earns $7.00 an hour, 30% added for benefits increases the hourly cost to $9.10
Work 40 hours a week for 50 weeks, the additional cost to the company is $4,200
Cafeteria plan allocates a certain amount of money to each employee that can be spent on benefits
Employee benefits
Evaluation process is when people go in and
see what the company needs to improve on. Managers are given forms to complete.
Evolution conference after the manager completes the evaluation form, a conference is scheduled with the employee. The purpose is to review and discuss the results of the evaluation and to plan for any needed performance improvement.
Employee evaluation
Promotion is the advancement of an
employee to a position with greater responsibility
Transfer is the assignment of an employee to another job in the company with similar level of responsibility
Termination ends the employment relationship between a company and an employee.
Promotions, transfers, and terminations
Organizational Culture- The environment in
which people work, made up of atmosphere, behaviors, beliefs, and relationships. Shows people how they will be treated and how
they are expected to treat others
Organizational Culture and
Workforce Diversity
The physical conditions and the psychological
atmosphere in which employees work Physical conditions are work area, offices, break
rooms, storage areas, and all other spaces where employees spend their time while at work
Work Environment
Personal Time- a few hours each month that
can be scheduled for non- job activities Family Leave- Allow employees to take a leave
of absence for the birth or adoption of a child Flextime- allows employees some choice in
how their work days and work hours are arranged
Job Sharing- Offers one job to two people Flexplace- employees can work from home
Work Life Relationships
Labor Union- An organized group of employees
who negotiate with employers about issues, such as wages and working conditions
Only 15% of workers are unionized Police, government, construction, and
transportation workers are most likely to unionize
Labor Unions
Diversity- Comprehension inclusion of people
with differences in personal characteristics and attributes
Diversity allows prospective employees and managers are drawn from broadest possible pool.
The company will have a broader base of knowledge and understanding when making decisions
Prospective customers will have a more positive image of the company
Diversity Benefits
The company will be better at serving diverse
markets Global business strategies will improve Each employee will have the opportunity to
develop to their full ability
Benefits Cont.
Develop a written commitment to diversity Have the full support of top executives Review evidence of diversity in the company Update policies and procedures Provide continuing diversity education Recognize and celebrate diversity
Developing diversity
True or False:
There are greater numbers of both younger and older employees in the workforce today than in the past
QUIZ!!!!!!!!!!!!!!!!!!!!
Some employees can complete part or all of
their work away from the business site under\ A. Flextime B. Flexplace C. Job Sharing D. Personal Time