Human Resources ManagementBusiness Management Unit ThreeMrs. Walton

Learning Objectives

•Student we be able to:▫Give examples of how business find new

employees.▫Name ways employees are oriented,

trained, and evaluated▫List the ways an employee’s status might

change

Key Terms• Human resource

management• Job description• Compensation• Recruitment • Orientation• On-the-job training

• Group training• Performance appraisal• Promotion• Transfer• Separation

Employees: the Key to Success

•A business’s human resource is the people who work for it

•Human resources management is the process of finding, selecting, training, and evaluating employees.

•The first step in this process is finding the right person for the job.

Job Description

•Job description is a detailed outline of the duties, qualifications and conditions required to do a specific job

•Compensation is how much the job pays and the benefits offered

Example of an Accounting Job Description

Employee Benefits

•Health care▫HMO▫PPO▫Hospitalization

•Retirement ▫Social security▫Pension plans▫401K or 403B

Job Recruitment•To find the best person for the job, the

human resource manager must recruit them

•Recruitment means actively looking for qualified people to fill a job

•Ways to recruit▫Place ads

Newspaper Magazine Schools Internet

The Selection Process

•You can increase your chances ▫A neat appearance, poise and confident ▫The skill needed for the job▫Communication skills▫Know how to do business around the world

Find out the acceptable business practices in the country the business is located in.

Get acquainted with what other country do Check the Internet for information about

international business

Steps in Selecting a Candidate for a Job•Each candidate must fill out an

application listing his experience, skills, and references

•Interview the candidate to get detailed information about them

•Test the candidate to make sure they have the right skills

•Check out their references

Developing Employees• Orientation

▫The process of helping new employees adjust to a company

• Training▫On-the-job training involves learning a new job

by actually doing it▫Group training an instructor or manager

teacher an employee to use the program in a class with other employees

• Evaluating Employees▫Performance appraisal is an evaluation of how

well an employee is doing their job.

Employee Turnover

•Promotion▫Move to a higher-level job with more

authority, responsibility and pay•Transfer

▫A move to another job within a company at the same level and pay

Employee Turnover (cont.)

•Separation▫Leaving a company for any reason

Quit Resign Retire

▫Can be voluntary or involuntary Downsizing – reduce the number of employees Layoff occurs when there is not enough work

for all employees Termination or fired (last resort)