About This Chapter
Human Resource Management & Development - Chapter Summary
Our instructors navigate the procedures involved in human resource management in this chapter, offering you lessons on employee recruitment, appraisal and empowerment as well as a firsthand look at compensation systems and strategies. You'll watch videos on collective bargaining and find out the role that human resource managers play in guiding employees through a corporate restructure or relocation. When you're done with the lessons, you'll be familiar with:
- Hiring and recruitment methods
- Mentoring, on-the-job training and job rotation training approaches
- Methods for improving performance of employees
- Corporate mergers and acquisitions
- Salary, contractor and hourly compensation
- Retirement compensation systems and incentive compensation plans
- Profit sharing, employee stock ownership and other organizational incentive programs
These self-paced video lessons offer a convenient and flexible approach to learning about human resource management. You'll find lesson transcripts attached to each video, in case you want to follow along or easily find key terms and definitions. Video tags are useful for quickly reviewing the main ideas of a video without having to re-watch it. Our instructors are experts in the field of business who provide engaging narration and fun graphics to help you learn. Round out your study of this topic with the lesson quizzes and chapter exam that test your knowledge of human resource management concepts.
1. Human Resource Management: Definition, Objectives & Responsibilities
Human resource management is an essential function of both private and public sector organizations. In this lesson, you'll learn what human resource management is, as well as its objectives and responsibilities in an organization.
2. The Hiring Process: How Human Resource Managers Recruit and Hire Employees
When a company is hiring, they need to ensure that they hire the right employees. There are several different steps involved in the hiring process. This lesson explains these steps that include application forms, testing, interviewing, reference checks and health exams.
3. Performance Appraisal and 360 Feedback
Employee evaluations are a way managers can assess job performance and provide feedback to employees. An employee's performance is measured using various types of evaluation systems, including top-down appraisal, management by objectives (MBO), self-assessment and 360 degree feedback.
4. Methods for Training Employees: Mentoring, On-The-Job & Job Rotation
There are several different types of training methods used to acclimate an employee to a new job or even to a new position within his current organization. In this lesson, we'll discuss several different methods, including on-the-job training, job rotation and job mentoring.
5. How to Empower Employees & Improve Employee Performance
Empowered employees have the potential to reach high levels of productivity because they feel in control of their jobs. This lesson will describe how a manager can empower an employee to motivate employee performance.
6. Corporate Expansion: Mergers and Acquisitions
Corporations can grow in two different ways: through expansion of their current business or through mergers and acquisitions. In this lesson, you'll learn about mergers and acquisitions. A short quiz follows.
7. Direct, Indirect & Non-Financial Compensation Strategies
Most organizations can't get people to work for free. In this lesson, you'll learn how businesses and other organizations can use direct, indirect and non-financial compensation strategies to acquire and keep talent. A short quiz follows.
8. Common Compensation Systems: Salary, Hourly, Contractor, Pay-For-Performance
One of the core functions of human resource management is the development of a compensation system. In this lesson, you'll learn about the different methods organizations use to compensate their employees. A short quiz follows.
9. Retirement Compensation Systems: 401(k) and Pensions
One of the most valuable benefits an employer may offer to employees are employer-sponsored retirement plans. In this lesson, you'll learn about two common retirement benefits: 401(k) plans and traditional pensions. A short quiz follows.
10. Incentive Compensation Plans: Merit Pay, Piece Rates, Commissions, Bonuses & Skills-Based
An important role of human resource management is to develop a compensation system to encourage productivity. In this lesson, you'll learn about merit pay, piece rate pay, commissions, bonuses and skills-based pay and how they help achieve this goal.
11. Organizational Incentive Programs: Profit Sharing, Gain Sharing, and Employee Stock Ownership
One way to tie a company's success to employee success is to utilize incentive programs where employees profit when the company does. In this lesson, you'll learn about profit sharing, gain sharing and employee stock ownership.
12. How Corporate Relocation & Restructuring Affects Employees
The consequences of corporate relocation or restructure, can mean stressful times ahead. The toll on an employee's psychological and financial well being can have lasting effects. We will explore several common issues that most employees experience.
13. Collective Bargaining: Definition and Labor Relations Legislation
The National Labor Relations Act established the National Labor Relations Board and required employers to use collective bargaining. This lesson explains these labor law concepts.
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