7.00 Understanding marketing and business management. 7.04 Understand the role and function of human resources management to obtain a foundational understanding of its nature and scope. (supplemental)

Human Resources Management What is the role of human resources managers? Human resources managers uses the management process of managing employees who collectively contribute to the achievement of the objectives of the business. The functions of human resources management: Planning and staffing Managing compensation and benefits Managing performance of employees

Human Resources Management Planning and job staffing Classifying employees Permanent Long term commitment Temporary Hired for a specific time/job Full Time 30 or more hours per week (usually 40+ hours) Part Time Short work week

Human Resources Management Planning and job staffing Determining job requirements: The use of job analysis to determine all the duties for a particular job Recruiting and hiring employees The application process Reviewing applications/resumes Interviewing applicants Checking references of applicants Making a job offer to applicants New employee orientation Paperwork Training Mentor

Human Resources Management Managing compensations and benefits Compensation method Time Wage – Direct payment per hour Salary – Direct payment per week, bi-weekly, or monthly Commission – Percentage of sales Piece Rate – Payment per unit produced Base plus incentive – Direct payment plus perfomance based pay Employee benefits Other items given to employee for working. For example, health insurance, vacation time, sick time, dental insurance, etc.

Human Resources Management Managing performance of employees Employee evaluation Objective evaluations of emplyees’ quality of work Promotion Advancement of an employee to a position with greater responsibility Transfer Assignment of the employee to a job in another area with similar responsibility Termination Ends employment relationship