MNB1601 - Human Resources Management EXAM WITH VERIFIED SOLUTIONS 2023

Primary Benefits Monetary benefits like pay, pension and share options Secondary Benefits Non-monetary benefits like leave allowance, flexible working conditions, input channels, innovation, recognition and well-being policies Training and Development The availability of function-related development initiatives and programmes; How the employer helps you to grow in your role Career Development Includes long-term career-path development, talent management, succession planning and performance management Company Culture and Diversity The combined efforts of the employer to establish a strong company culture, i.e. social and networking opportunities, diversity initiatives, CSR programmes and employee input Human Resource Planning Process of using an organisation's goals and strategy to forecast the organisation's human resource needs in terms of finding, developing and keeping qualified human resources Job Analysis Process by which management systematically investigates the tasks, duties and responsibilities of a job within an organisation Job Description A written description of the basic tasks, duties, and responsibilities required of an employee holding a particular job Job Specification A description of the qualifications necessary for a specific job, in terms of education, experience, and personal and physical characteristics Human Resource Forecasting Purpose is to balance the human resources supply and the human resources demand Human Resource Plan Provides concrete guidelines and steps that indicate how business short, medium and long term human resources requirements can be provided for. Recruiting Purpose is to ensure that a sufficient number of competent applicants apply for the various jobs in the business as and when required Internal Recruiting Fill vacant positions with existing staff members, except jobs on the lowest levels External Recruiting Attracting job applicants from outside the organization using Employment and Recruitment Agencies, Referrals, Professional Bodies, Educational Institutions, Social Media and the Internet Talent Selection Process of determining which individuals are best suited to fill positions in the organisation, taking into account individual differences, the requirements of the job, and the organisation's internal and external environments. Intensive Assessment Involves Psychological Testing and Diagnostic Interviewing Psychological Testing Unbiased measurement of applicant's personality, abilities & management skills Diagnostic Interviewing Used to obtain information that was not highlighted in the tests or application form On-boarding Also known as Induction, Orientation or Socialisation; Process of introducing an employee to organisation and make them familiar with the details and requirements of the position