MGMT 105 1st Edition Lecture 18Outline of Last Lecture I. People In Organizations (continued)Outline of Current Lecture II. Leadership and Decision MakingIII. Human Resource Management and Labor RelationsCurrent Lecture- Expectancy Theory: says people are motivated to work toward rewards that they want and believe they have a reasonable chance of obtainingo Example: learning to ride a bike- Equity Theory: we evaluate our treatment relative to the treatment of others o Ex: letting Wehner staff leave at 2pm- Management by Objectives (MBO): manager sits down with employees and together they set goals - Participate Management and Empowerment: giving employees a voice in the management of their jobs and the company- Job Enrichment: method of increasing job satisfaction by adding 1 or more motivating factors to job activities o Ex: giving employee key to close store- Flextime Programs: method of increasing job satisfaction by allowing workers to adjust work schedules on a daily or weekly basiso Ex: Apple giving flextime so employees can spend more time with family- Telecommuting: form of flextime that allows people to perform some or all of a job awayfrom standard office setting- Human Resource Management (HRM): attract, develop, and maintain an effective workplace- Job Description: duties and responsibilities o Ex: requires working in inclement weather- Job Specification: KSA(knowledge, skill, and ability)o Ex: 3-5 years’ experience, degree needed- Forecasting Internal Supply: number and type of employees who’ll be in the firm at some future dateo Ex: 2 final candidates, one internal and the other external; internal gets chosen because they already know how things are being run within the firm- Forecasting External Supply: number and type of people who’ll be available for hiring from the labor market at large (brings creativity and new ideas)- Selecting Human Resourceso Application Formso Testso Interviewso Polygrapho Drug Testso Credit Checkso
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