HRM
HRM stands for
Human Resource Management
The selection process commonly has ______ steps.
four
__________ is hourly pay. __________ is typically annual pay.
Wage, salary
Motivation in an inner ________ that someone has
drive
3 ways employees can move in a business
promotion, transfer, demotion, turnover
Handling job openings, Hiring/firing, Pay, Benefits, Treatment of employees, Opportunities for advancement
Step 1 of section includes reviewing _____________ details. This might include a personal _________.
Sales jobs often pay base __________ + ______________. Why?
salary, commission; incentive to sell more
According to the classical theory of motivation, _______ is the sole motivator for workers
money
A __________ is a move to another job at the same level.
transfer
__________ consists of hiring/finding the right workers to fill positions.
___________ is the opposite... intentionally reducing staff.
Staffing, downsizing
_____________ is step two. What are 3 things you might be looking for?
Interviewing
dress, appearance, personality, honesty, etc.
On top pay, you can also make monetary rewards called __________. The two common times of year for these are..
bonuses; holiday and year-end
High morale = high ___________
Low morale = high ___________
productivity; turnover
A promotion is an _____________ to a higher level job with more __________ and more ____________.
advancement, pay, responsibility
The FIRST process of hiring often consists of completing a ________ _________ and then preparing a ________ ___________.
job analysis, job description
The sometimes "optional" step in the selection process is step 3: ___________. Give 3 examples.
Testing; ability, performance, legal, personality
________ __________ is another type of pay above a wage/salary. How does this work?
profit sharing; split ___% of profit among employees who helped generate them
The two types of rewards that can boost morale are ___________ and ____________.
Give an example of each.
intrinsic, extrinsic; answers vary
A __________ is reduction in rank/status within the workplace... resulting in ________ _________ and ________ ____________
demotion, less pay, less responsibility
You can recruit applicants in two ways: ________ sources and _________ sources.
Give an example of each.
external, internal
current employee, college fair or Indeed
___________ __________ is the final step of the selection process. Give 3 options.
Reference checking; prior boss, family-friend, coworker, teacher
___________ are often worth more than better pay. They include things like ______, ________, & _______ insurance, as well as ____k plans.
Benefits; health, dental, vision; 401k
One of the top ways to reduce burnout and ensure employees stay happy is advocating for ____________________________.
work-life balance
Turnover occurs when employees _______ or are ________ and must be _________. Turnover is ______ for a company because of these two things:
quit, fire, replaced; bad -> loss in production, expensive/time consuming to rehire