People - Talent Acquisition Flashcards
(37 cards)
Staffing
The HR function that acts on the orgz human capital needs indentified through workforce planning and attempts to provide an adequate supply of qualified individuals to complete the body of work necessary for the orgz financial success.
Includes: Recruiting, Training, and Retraining.
Job Analysis
A review of roles to determine the essential job functions & personal qualifications required to be successful in the role.
Job Description
A written description of a job and its essential functions and requirements.
Includes:
- Title
- Position summary
- Required qualifications
- Duties & responsibilities
- Success Factors
- Working conditions
- Performance Standards
Bona Fide Occupational Qualification (BFOQ)
Criteria that an employer may legally use because w/o this criteria a candidate would not be bale to perform the primary responsibility of the job.
Sourcing
Knowing where to find the right people, connecting with, and staying in touch. Precursor to recruitment.
Employment Branding
process of conveying key organizational values. how your company is positioned. (reputation)
Employee Value Proposition (EVP)
The balance of the rewards and benefits that are received by employees in return for their performance at the workplace.
An EVP answers the two part question:
‘Why would a talented person want to start working for an orgz and Why they want to continue to work for the orgz?’
Recruitment
process of finding and hiring people into an organization. Quality of the applicant is the critical factor.
Workforce Analytics
using statistical analysis to understand workforce performance.
Predictive Analytics
used to understand the workforce rom the standpoint of how, when, and where it’s best to recruit talent.
Ex: track time to fill
Recruiting Process
Interview, Assess, Evaluate, Select and Offer.
Onboarding
time when employee becomes acclimated to their job and the company culture.
Global Planning for Talent Acquisition
- Ethnocentric: One best way
- Polycentric: Many best ways
- Geocentric: Team way
- Regiocentric: Region way
Building an Employment Brand
- Determine existing perception of orgz
- Identify main competition for high quality EEs
- Assess orgz strengths and weaknesses
- Develop brand
- Ensure the brand is consistent
- Test brand and make modifications
- Execute brand
- Reassess and revitalize brand
- Reinforce brand
Job Documentation
Involves the creation of job descriptions, specifications, and competencies.
*Use analysis to create job description/documentation
Competencies
Clusters of highly interrelated attributes, including KSA, that give rise to the behaviors needed to perform a given job effectively.
Job Descriptions in a Global Environment
Job descriptions have additional purposes that are particularly significant.
Clearly defined, consistent job descriptions in a global environment are significant because they provide a common language within an orgz to communicate about and make decisions on jobs
Job Specification
Describe the minimum qualifications necessary to perform a job.
Should reflect what is necessary for satisfactory performance, not what the ideal candidate should have.
Advantages v. Disadvantages of Internal v. External Recruiting
Internal:
A: reward good work, cost effective, improve morale, promotes career paths.
D: orgaz inbreeding, limited perspectives, heavy burden on learning and development, negative work environment
External:
A: new ideas, gain competencies, cross-industry insights, reduce training costs, diverse
D: increase recruitment cost, morale problems, longer onboarding, misplacement
Common Recruiting Methods (Internal and External)
Internal: referrals, moonlighting (EE holds a second job), job bidding (EE indicates an interest), job posting (EE responds to promotional opportunity)
External: advertising, agencies, schools, website, former EEs, government agencies, internships, open house
Advantages and Disadvantages of e-Recruitment
A: widens recruitment sources, immediate response, increase applicant pool, better candidate matching, can target specialized skill
D: high volume (many can be unqualified), labor intensive filtering process, data privacy, could exclude qualified candidates who would rather send a resume, excludes candidates were technology is not available
Headcount
The number of people on the orgz payroll at a particular time
Cost of Hire/Cost per Hire
Cost of Hire: the traditional measure of recruiting costs, determined by taking the total costs of all hires and dividing that figure by the number of new hires (total costs/# of new hires)
Cost per Hire: measure of the effort exterted to staff an open position in an orgz (external costs + internal costs)/ total # of hires in a time period
- external costs: advertising, job fair, travel
- internal costs: salaries, benefits, physical infrastructure
Recruitment Cost Ratio
external costs + internal costs/total 1st year comp of hires in a time period * 100