Professional Documents
Culture Documents
• Example:
Suppose Laker Corporation is a public company traded on
NYSE. Its stock price today is $100. The number of
outstanding stocks is 1,000,000. Laker Corp. employs 1,000
people. Using a firm value approach, value the company’s
human capital per employee.
• Solution:
• Firm Value = $100 x 1,000,000 shares = 100 M
• $ Human Capital per employee = 100 M ÷ 1000 = 100 K
Cantrell, et al. (2006): The Role and Value of
Human Capital Investments [Exhibit 12.2 ]
The Impact of Federal
Legislation on HRM [Exhibit 12.3]
• HR managers must stay on top of legal and
regulatory environment; Many laws exist to ensure
equal opportunity and stop discrimination
• Discrimination – the hiring or promotion of
applicants based on criteria that are not job related
• Affirmative action – requires employers to take
positive steps to guarantee equal employment
opportunities for people of protected groups
• Sexual harassment is a growing concern that is a
violation of the Civil Rights Act
12.3 Major Federal Laws Related to HRM
12.3 Major Federal Laws Related to HRM
12.3 Major Federal Laws Related to HRM
The Changing Nature of Careers:
OLD Social Contract
In the old social contract,
the employee contributed ability, education,
loyalty, and commitment in return for
the company providing wages and benefits, work,
advancement, and training.
The Changing Nature of Careers:
New Social Contract
Employees:
Downsizing, outsourcing, rightsizing, and restructuring
have left little stability
Subsidized benefits are decreasing
Employees are expected to be self-motivated
Employers:
Organizations must be creative with training and
development
New performance appraisal processes are required
12.4 The Changing Social
Contract
Innovations in HRM:
(1) Becoming an Employer of
Choice
Organizations that are highly attractive to
potential employees because of HR practices that
focus on:
Tangible benefits such as pay and profit sharing:
Starbucks – Benefits to P/T employees
24
5 Etiquette at Job Interview
25
12.8 Employment Applications and
Interviews: What Can You Ask?
12.9 Interview Brain Teasers
12.9 Interview Brain Teasers (continued)
Managing Talent
• P. 343
• Learn to accomplish things collaboratively
• TEAMWORK, Teamplayer
35
Compensation
37
Benefits
39
Termination
40
The Changing Workplace
41
Globalization
42
Discussion Questions
• What is SHRM? What services/resources does SHRM provide to its members?
• Suppose Laker Corporation is a public company traded on NYSE. Its stock price
today is $100. The number of outstanding stocks is 1,000,000. Laker Corp.
employs 1,000 people. Using a firm value approach, value the company’s
human capital per employee.
• Republicans has attempted to repeal Obama Care. What law is Obama Care
related to?
• Discuss why the business community, in particular, owners of small business,
hates Patient Protection and Affordable Care Act (2010).
• Explain what benefits “social contract” should provide for America, from the
political economics perspectives.
• From the macro-economic perspectives, what does social contract offer to
poor people?
43
Discussion Questions (continued)
• Explain how you can build your own professional networks even if you are
not a child from the old money.
• Provide examples of inappropriate/illegal interview questions on (1) national
origin (2) race (3) disabilities (4) age (5) religion (6) criminal record (7)
marital/family status (8) education & experience (9) citizenship (10) sexual
orientation.
• Elaborate five proper etiquette at a job interview.
44
Discussion Questions (continued)
– How many golf balls can fit inside a standard school bus?
– How much should you charge to wash all the windows in Seattle?
– You’re shrunk and trapped in a blender that will turn on in 60 seconds. What do
you do?
• Discuss what outcomes IBM gained from a training and development project
such as voluntary service in a foreign country.
• Explain the halo effect in performance evaluation.
45
Discussion Questions (continued)
• A top research institution like Bell Lab, often pays higher salary to a new
employee, a fresh Ph.D. at low rank than a senior employee. What kind of
salary system does Bell Lab implement?
• Discuss how the HR management department manage effectively and
humanely manage the rightsizing process for remaining employees.
• Explain why people who left Microsoft voluntarily or involuntarily are not
bitter about their former employer, from the HR management perspectives.
• How did e-Bay learn about high turn-over of mid-level executives? What
caused the high turn-over.
• Explain why Jack Welch does not support the 360-degree evaluation approach.
46
Discussion Questions