1. Describe the steps in the process of human resource planning.
Explain the relationships between
the steps. a. Initially, it commence through careful consideration the firm’s goals and strategies. Through the HR’s analysis, they are able to project the company’s needs on their workforce, depending on the demand or through historical data from previous situations. When hiring new employees, they tend to look on whom they have on their arsenal, find similarities from their current workers to which they will hire in the future bouts. Through this analyzation, they are able to know what type of selection methods they should use in hiring new employees. b. The HR or the manager involved in the planning process should fully understand the job requirements needed in the company. For so, this would help properly forecast what kind of jobs are needed or beneficial to the company. In forecasting, historical method is used in predicting the resources required by the company. With the assessment of past data, the manager should be able to find a trend that can be proven useful in providing proper predictions on how much employees should be utilized in the firm. c. After the prediction of the demand, the manager should map out the availability of supply in labor. On which consist of two tasks, predicting the internal and external supply. The former prediction only includes the type of employee in their workforce that wishes to be with the company in its later stages. While the latter prediction only concerns the organization itself. This forecast involves the betterment of the organization by knowing whom or who are available in the labor market and whether they will be beneficial in hiring these forecasted employees. d. Lastly, it is the matching of supply and demand of labor. This last step only predicts whether the company will shortfall or overstaff in their forecasted timeline. With this information, they are able to forecast the needed amount of people they are to hire from the job market and the types of jobs needed. 2. Describe the common selection methods. Which method or methods are the best predictors of future job performance? Which are the worst? Why? a. In summary of the most common selection methods, these methods always involves in knowing their future employee in one way or another. They are put up through screening tests based on different parameters the company requires them to have. With these selection methods, the firm is able to predict whom/who is the best fit on the company socially, and competency. b. The best selection method is through personal interviews. In this method, the examiner is able to make an impression whether the candidate is enough and fits to the company’s vision, mission, and etc. They are able to realize first-hand on whom these candidates really are. c. The worst while is through the use of application blanks. This system is a flawed one due to the sole reason of it being possible deceptive to the firm’s examiner. Falsifying of information is likely in order to acquire the job they are applying. 3. Compare training and development, noting any similarities and differences. What are some commonly used training methods? a. Training helps the employee in learning their job, while development helps the employee to be a better employee overall. The former being highly technical related to their job, while the former concerns the betterment of the person in different skills. b. Training methods are different for each organization. Such as technical, interpersonal relationship, and physical skill. Technical training is usually done through factual materials, assigned reading, programmed learning, and lecture methods. While with interpersonal relationships, they are usually done by coercing employees to one another. It is done through by role playing, or case-discussion groups. And lastly, training through physical skills are those similar to On-the-Job Training or vestibule training. It is in order for the employee to familiarize them with their job or task at hand. 4. Define wages and benefits. List different benefits that organizations can offer. What three decisions must managers make to determine compensation and benefits? Explain each decision. a. Wages are financial compensation of the work done by the employees for the company. It is a trade per se, on which the employee had spent their time for their company rather than anything else. It differs on each organization on how much this compensation is. b. Benefits on the other hand, are also a form of compensation but is not limited to currency. These are in the form of life insurances, and things similar to it. These benefits are usually what makes the employees want to stay with them. Benefits differs for each organization that the employee is affiliated with. c. Three decisions: i. Wage-Level Decision is a management decision based whether the organization makes a choice on how much they want to pay the employee based on the average salary in the industry. This decision differs from whether they want to pay their employees above the standard or lower even. ii. Wage Structure Decision is based on job evaluation. The pay of their employees is based on their assessment of the worth of each of their employee’s job while still taking account other jobs included in their workforce. iii. Individual Wage Decision, is the type of compensation that based solely on the employee’s job. It greatly differs from each employee and is adjusted by what kind of job they are giving to the organization. 5. What are the potential benefits of diversity? How can individuals and organizations more effectively manage diversity? a. Diversity usually gives their best benefit by putting the company competitive advantage. As diversity introduces competition among the employees resulting a high-level workplace productivity while having lower turnovers and absents. Also having a massive diversity in the workforce can attract high-skill minority that can feel comfortable to the organization, resulting a higher level of competitiveness of the organization. b. Managing diversities: i. Individual Strategies, employees that work under such conditions should know the massive culture inside the office. The organization should train or hire people that are highly knowledgeable in different cultures to lessen misunderstanding between employees. ii. Organization Approaches, the policies should be applied to everyone under the wing of the organization. No one should be exempted to the company’s policy as it can provide favoritism if in such one was exempted. This can introduce misunderstanding on which different races are treated differently on the organization. 6. How would managing non-unionized workers differ from managing workers who elected to be in a union? Which would be easier? Why? a. The treatment should still be the same for both workers. No one should be getting the upper-hand whether you are with the union or not. b. Although, in handling both workers, managing those who are in union is tougher than those who aren’t. This is simply due to the fact that they are on a group and is on the watch against the company’s mistreatment to their employees. The company will be threading lighter when handling these workers in order not to offend and introduce mistreatment. 7. How do you know a selection device is valid? What are the possible consequences of using invalid selection methods? How can an organization ensure that its selections methods are valid? a. A selection device is valid if it is in the legal bounds of society. It should be performed in unbiased manner and without any prejudices against the candidate. b. If the organization used an invalid method, this may hurt their image and lower their credibility as a whole. This can also reduce their competitiveness due to hiring of low-skill workers due to underhanded selection methods. c. To ensure that their selection is valid, these methods should be done with the utmost fairness inside their mind. No one should get be getting a special treatment when undergoing these selection methods. 1. Managers are sometimes criticized for focusing too much attention on the achievement of short- term goals. In your opinion, how much attention should be given to long-term versus short-term goals? In the event of a conflict, which should be given priority? Explain your answers. a. The attention should be balanced for both goals. In my opinion, having both long term and short-term goals is extremely beneficial to the company. With long-term goals being able to have a clear objective in the long-run, while short-term goals for the everyday driving goal for the organization. b. In the event of a conflict, short-term goals should be given priority. This is due to the fact that these goals are much closer the conflict than those of that the long-term. There is still room for change for long-term goals while a lot less time for short-terms. 2. Which strategy – business or corporate level – should a firm develop first? Describe the relationship between a firm’s business – and corporate-level strategies. a. In my opinion, the strategy that should be develop first should be business level. This strategy focuses on short-term period success. It maximizes profits in a short amount of time through increasing the organization core competencies. b. Business Level Strategies – is used to help organization establish a competitive advantage over industries rival. There are four strategies under this level: Cost Leadership, Differentiation, Focused low cost, and focused differentiation. c. Corporate-level strategy – is when a business makes a decision that affects the whole company. This strategy affects a company’s finances, management, human resources, and where the products are sold. This strategy maximizes its profitability and maintaining its financial success in the future. 3. Volkswagen sold its original Beetle automobile in the United States until the 1970s. The original Beetle was made of inexpensive materials, was built using an efficient mass-production technology, and offered few options. Then, in the 1990s, Volkswagen introduced its new Beetle, which has a distinctive style, provides more optional features, and is priced for upscale buyers, What was Volkswagen’s strategy with the original Beetle – product differentiation, low cost, or focus? Which strategy did Volkswagen implement with its new Beetle? Explain your answers. a. Volkswagen used multitudes of strategies for their first Beetle. With overall cost leadership strategy as they set their price with their competitors, single product strategy as they introduce the vehicle only in Europe, and differential strategy as they aim to put sentimental value to their cars for the person buying it with their unique branding in the car industry. b. Their new introduction of the Beetle implemented focus strategy, as this new vehicle focused and targeted young people, whom are single or married, who enjoys unique and active lifestyles