Capital Metrics or Key Performance - Business Finance
Please make sure all answers are original and not plagarized. Question 1 is a worksheet follow instructions. Question 2 needs to be answered in apa format and total word count is 300 words. Please be sure to cite source and make sue they are scholarly sources other than the book.1.Here is the link to the page where you can download the worksheet for Unit 1 Discuss. Please upload the form to the Drop Box by Wednesday evening. https://bethelu.libguides.com/researchforclass (You will need to cut and paste the link into your browser.) This will be part of your grade. 2.Consider your current or most recent employer. Does the organization employ any human capital metrics or key performance indicators? Which metrics/key performance indicators are used? How are the metrics appropriate in relation to the organization’s strategy? If you feel the metrics are not appropriate, suggest some appropriate human capital metrics or key performance indicators given the organization’s strategy. Remember: the APA worksheet must also be uploaded and is part of your grade. (Federal Express International -job)
_hrm_548_unit_1_read_january_14_2020.pdf
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9781305234758, Strategic Human Resource Management, Fourth Edition, Mello - © Cengage Learning All rights reserved No distribution allowed without express authorization
Strategic Human Resource
Management, Fourth Edition
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G
A daughter Logan
To my amazing
and my equally
T amazing parents,
Gabe and Lorraine
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9781305234758, Strategic Human Resource Management, Fourth Edition, Mello - © Cengage Learning All rights reserved No distribution allowed without express authorization
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viii | Contents
Business Unit Strategies 123
Innovation and Creativity as Components of Strategy
The Privatization Decision as Part of Strategy 126
124
Conclusion 127 / Critical Thinking 128 / Exercises 128 / Chapter References 128
READING 3.1: Are You Sure You Have a Strategy? 130
READING 3.2: Bringing Human Resources Back into Strategic Planning
4 THE EVOLVING/STRATEGIC ROLE OF HUMAN RESOURCE MANAGEMENT
Strategic HR Versus Traditional HR 151
Barriers to Strategic HR 161
G
Outsourcing and Revamping HR 164
142
149
A
T
READING 4.1: Distinctive Human Resources Are Firms’ Core Competencies
E and Commitment 180
READING 4.2: Employee Engagement
S
5 STRATEGIC WORKFORCE PLANNING 199
,
Objectives of Strategic Workforce Planning
202
Conclusion 165 / Critical Thinking 167 / Exercises 168 / Chapter References 168
170
Types of Planning 203
Aggregate Planning 204
Succession Planning 207
CEO Succession 211
D
E
A
Mentoring 212
N 215 / Exercises 216 / Chapter References 216
Conclusion 214 / Critical Thinking
READING 5.1: Diverse SuccessionD
Planning: Lessons From the Industry Leaders 217
READING 5.2: The Annual HR Strategic
R Planning Process: Design and Facilitation
Lessons from Corning Incorporated Human Resources 230
A
6 DESIGN AND REDESIGN OF WORK SYSTEMS
Design of Work Systems 238
1
What Workers Do 238
What Workers Need 242
1
How Jobs Interface with Other Jobs 243
237
2
Strategic Redesign of Work Systems
3
Outsourcing and Offshoring 246
245
T
Mergers and Acquisitions 250
S
Impact of Technology 251
HR Issues and Challenges Related to Technology
Telework 253
Employee Surveillance and Monitoring 256
e-HR 257
Social Networking 258
253
Understanding Change 259
Managing Change 260
Conclusion 261 / Critical Thinking 261 / Exercises 262 / Chapter References 262
9781305234758, Strategic Human Resource Management, Fourth Edition, Mello - © Cengage Learning All rights reserved No distribution allowed without express authorization
Contents | ix
READING 6.1: Using Outsourcing for Strategic Competitiveness in Small and
Medium-sized Firms 265
READING 6.2: Monitoring Employee E-mails: Is There Any Room for Privacy?
272
7 EMPLOYMENT LAW 285
Employment-at-Will 286
Scope of Laws 287
Federal Antidiscrimination Laws 287
Equal Pay Act 288
Civil Rights Act of 1964 288
Age Discrimination in Employment
Act of 1967 289
G
Rehabilitation Act of 1973 290
A
Pregnancy Discrimination Act of 1978 290
TAct of 1990 290
Americans with Disabilities
Civil Rights Act of 1991 E
292
Family and Medical Leave Act of 1992 292
S
Genetic Information Nondiscrimination Act of 2008 294
, Under the EEOC
Enforcement of Federal Laws
Executive Orders 298
Affirmative Action 298 D
Sexual Harassment 299
E
What Sexual Harassment Is 300
A
Problems in Managing Sexual Harassment
N Harassment
Strategy for Managing Sexual
Complications Abroad 304
D
Trends in Employment Litigation
R
295
301
303
304
Conclusion 307 / Critical Thinking 307 / Exercises 308 / Chapter References 308
A
READING 7.1: In Defense of Preference 310
READING 7.2: The Management of Organizational Justice
316
1
1
Part two
2
Implementation of Strategic
Human Resource Management
8 STAFFING 331
3
Recruiting 332
T
Temporary Versus Permanent Employees 332
S
Internal Versus External Recruiting
333
When and How Extensively to Recruit 335
Methods of Recruiting 336
Selection 342
Interviewing 343
Testing 345
References and Background Checks 348
International Assignments 349
Documentation of Employment Eligibility
350
9781305234758, Strategic Human Resource Management, Fourth Edition, Mello - © Cengage Learning All rights reserved No distribution allowed without express authorization
x | Contents
New Trends in Staffing
351
Conclusion 354 / Critical Thinking 355 / Exercises 355 / Chapter References 356
READING 8.1: Temporary Help Agencies and the Making of a New Employment
Practice 359
READING 8.2: Assessment Instruments for the Global Workforce 373
9 TRAINING AND DEVELOPMENT 383
Benefits of Training and Development 386
Planning and Strategizing Training 387
Needs Assessment 387
G
Objectives 388
Design and Delivery 388
A
Evaluation 391
T
Organizational Development 392
E
Integrating Training with Performance Management Systems and Compensation
S
Conclusion 398 / Critical Thinking 398 / Exercises 398 / Chapter References
,
READING 9.1: Confronting the Bias Against On-Line Learning in Management
396
399
Education 400
READING 9.2: Becoming a Leader:DEarly Career Challenges Faced by MBA
Graduates 416
E
10 PERFORMANCE MANAGEMENT AND FEEDBACK 437
A
Use of the System 439
N
Who Evaluates 441
What to Evaluate 444
D
How to Evaluate 447
R
Measures of Evaluation 448
A
Other Considerations 452
Why Performance Management Systems Often Fail 452
Addressing the Shortcomings of 1
Performance Management Systems
453
Conclusion 454 / Critical Thinking
1 455 / Exercises 455 / Chapter References 456
READING 10.1: Effective Leadership
2 Behavior: What We Know and What Questions
Need More Attention 457
3
READING 10.2: Managing the Life Cycle of Virtual Teams 474
11 COMPENSATION 489
Equity 490
Internal Equity 492
External Equity 497
Individual Equity 497
T
S
Legal Issues in Compensation 501
Executive Compensation 502
Conclusion 504 / Critical Thinking 504 / Exercises 505 / Chapter References 505
9781305234758, Strategic Human Resource Management, Fourth Edition, Mello - © Cengage Learning All rights reserved No distribution allowed without express authorization
Contents | xi
READING 11.1: Exposing Pay Secrecy 507
READING 11.2: The Development of a Pay-for-Performance Appraisal System for
Municipal Agencies: A Case Study 521
12 LABOR RELATIONS 539
Why Employees Unionize 542
The National Labor Relations Act 543
Behavior During Organizing Campaigns
Collective Bargaining 545
Failure to Reach Agreement 546
G
Unions Today 547
544
Conclusion 549 / CriticalA
Thinking 550 / Exercises 550 / Chapter References 551
READING 12.1: A Big ChillT
on a “Big Hurt:” Genuine Interest in Employment of Salts
in Assessing Protection Under the National Labor Relations Act 552
E
READING 12.2: Social Media, Employee Privacy and Concerted Activity: Brave New
World or Big
S Brother? 560
, RETENTION MANAGEMENT
13 EMPLOYEE SEPARATION AND
Reductions in Force 570
Turnover 574
D
Retirement 580
E
Alumni Relations 581
569
A
N
READING 13.1: Retaining Talent: Replacing Misconceptions with Evidence-Based
Strategies D585
READING 13.2: Knowledge Management Among the Older Workforce 601
R
14 GLOBAL HUMAN RESOURCE
A MANAGEMENT 611
Conclusion 582 / Critical Thinking 582 / Exercises 583 / Chapter References 583
How Global HRM Differs From Domestic HRM 613
Assessing Culture 613
1
Strategic HR Issues in Global Assignments 616
1
Repatriation 620
The European Union 622 2
Mexico and Canada 623
3
China 624
T
India 625
Conclusion 626 / CriticalS
Thinking 626 / Exercises 626 / Chapter References 627
READING 14.1: In the Eye of the Beholder: Cross Cultural Lessons in Leadership from
Project Globe 629
READING 14.2: Cross-Cultural Management and Organizational Behavior in
Africa 653
SUBJECT INDEX
NAME INDEX
665
670
COMPANY INDEX
672
9781305234758, Strategic Human Resource Management, Fourth Edition, Mello - © Cengage Learning All rights reserved No distribution allowed without express authorization
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xiv | Preface
time and expertise in allowing me to seek their advice on various ideas I have had for this project.
Sincere thanks to Jan Aspelund, David Balkin, Brian Brown, John Cunningham, Jeff Friant and
Harsh Luthar with an extra special thanks to Deb Cohen also wish to thank the following
reviewers for the feedback and valuable recommendations they provided that greatly assisted me
in the development of this edition: Yezdi Godiwalla, University of Wisconsin-Whitewater; Tracy
Porter, Cleveland State University; William Kostner, Doane College; Wayne Davis, Webster
University; Xuguang Guo, University of Wisconsin-Whitewater; Timothy Wiedman, Doane
College; Linda Gibson, Pacific Lutheran University;Jim Maddox, Friends University; Julie PalmerSchuyler, Webster University.
Finally, heartfelt thanks to my family for the unconditional love and support they provide.
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Jeffrey A. Mello
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9781305234758, Strategic Human Resource Management, Fourth Edition, Mello - © Cengage Learning All rights reserved No distribution allowed without express authorization
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Chapter 1
An Investment Perspective of Human Resource Management | 5
acquired and subsequently managed most effectively by treating them as investments; the organization determines the optimal mix of high-performance, high-return assets to its strategic objectives.
Analyses are made of the costs and benefits of certain expenditures, with judgments made concerning
the riskiness and potential returns of such expenditures. Viewing HR from an investment perspective,
much as physical assets are viewed, rather than as variable costs of production, allows an organization
to determine how to best invest in its people. Furthermore, considering the risk and return on possible expenditures related to acquiring or developing human assets allows an organization to consider
how current expenditures can be best allocated to meet long-term performance goals.
In considering whether to undertake the expense of a new training program, for example, an
organization needs to consider not only the out-of-pocket costs for the training but also the
related opportunity costs, such as lost time on the job, and weigh these costs against the potential
benefits of the training, such as enhanced performance, potential increased loyalty, and motivation. The training also needs toG
be assessed relative to risk because the enhanced marketability of
employees makes them more desirable
A to competitors. Similarly, in considering compensation programs as an investment, an organization needs to consider what it is “investing” in when it pays
T new ideas, retention of employees from competitors). The
someone (knowledge, commitment,
potential return on the organization’s financial outlay in compensation will determine whether its
E
compensation system is a viable investment strategy.
Taking an investment perspective
S toward HR/assets is critical considering that other physical
assets, such as facilities, products and services, technologies, and markets, can be readily cloned
or imitated by competitors.1 ,Human assets cannot be duplicated and therefore become the
competitive advantage that an organization enjoys in its market(s). This is becoming increasingly
important as the skills required for most jobs become less manual and more cerebral and
D and ongoing advances in technology have created a workplace
knowledge-based in nature.2 Rapid
where laborers are being replaced by knowledge workers. An organization’s “technology” is
E
becoming more invested in people than in capital. Thought and decision making processes as
well as skills in analyzing complex
A data are not “owned” by an organization but by individual
employees. This is in stark contrast to traditional manufacturing organizations where the employer
N and production processes, and duplication of the organizausually owns or leases the machinery
tion’s “capital” is restricted primarily
D by cost considerations.
R
Managing EmployeesAat United Parcel Service
Although taking a strategic approach to HR management usually involves looking at employees as assets and considering them as investments, this does not always mean that an organization will adopt a “human1relations” approach to HR. A few successful organizations still
utilize principles of scientific management, where worker needs and interests are subordinate
1
to efficiency. United Parcel Service (UPS) is a prime example of this. At UPS, all jobs from
truck loaders to drivers to customer
service representatives are designed around measures of
2
efficiency. Wages are relatively high, but performance expectations are also high. This
approach toward managing 3
people is still “strategic” in nature because the systems for managing people are designed around
T the company’s strategic objectives of efficiency. Consequently, all employee training, performance management, compensation, and work design
S this strategic objective of efficiency.
systems are developed to promote
Managing an organization’s employees as investments mandates the development of an
appropriate and integrated approach to managing HR that is consistent with the organization’s
strategy. As an example, consider an organization whose primary strategic objective involves
innovation. An organization pursuing an innovation strategy cannot afford high levels of turnover
within its ranks. It needs to retain employees and transfer among employees the new knowledge being
developed in-house. It cannot afford to have its employees develop innovative products, services, and
processes and then take this knowledge to a competitor for implementation. The significant investment
9781305234758, Strategic Human Resource Management, Fourth Edition, Mello - © Cengage Learning All rights reserved No distribution allowed without express authorization
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Chapter 1
An Investment Perspective of Human Resource Management | 9
Senior HR executives in these organizations stressed that they lacked accurate and meaningful
methods that measured performance, despite the fact that human assets/capital can account for as
much as 80 percent of the value of an organization.9 One reason is that most accounting valuation
methods stress the past and current value of assets. Much of the value of human assets/capital
rests with the value of an organization and its ability to proactively meet challenges that lie
ahead, relative to responsiveness to changing economic, political, and market conditions. As a
result, valuation of human assets/capital and analysis of human capital investments can be valueladen, subjective, expensive—and, hence, ignored.
Measuring Human Assets/Capital at Dow Chemical
G in forging the frontiers of measuring human capital. Dow
Dow Chemical has been a leader
has attempted to develop a A
reliable measure to help calculate each employee’s current and
anticipated future contribution to the financial goals of the business. A pilot project is curT business unit; it examines employee performance on project
rently being tested in a single
assignments by using two specific
E metrics: expected human capital return (EHCR) and actual
human capital return (AHCR). EHCR involves a calculation of the break-even point of
S salary and additional outlays, such as recruiting and traininvestment in an employee, above
ing expenses. AHCR involves a calculation of the “value created” by the employee based on
,
the projects he or she was worked on. This metric considers the skills and knowledge of each
employee relative to the net present value of a specific project. The desired outcomes of these
measures are assisting managers with matching employee talents and project needs, identifyD
ing employee development opportunities,
and creating a more efficient and effective means
for project team staffing. Although
the
program
is still in the pilot stage, with validation
E
studies in progress, Dow anticipates rolling out the metrics to other business units in the
A
very near future.10
N
Given the complex natureDof measuring human assets/capital and return on such investments, where does an organization
R begin in assuming such an undertaking? One helpful model
has been developed by Mercer, which can ...
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5 The family dynamic is awkward at first since the most outgoing and straight forward person in the family in Linda
Urien
The most important benefit of my statistical analysis would be the accuracy with which I interpret the data. The greatest obstacle
From a similar but larger point of view
4 In order to get the entire family to come back for another session I would suggest coming in on a day the restaurant is not open
When seeking to identify a patient’s health condition
After viewing the you tube videos on prayer
Your paper must be at least two pages in length (not counting the title and reference pages)
The word assimilate is negative to me. I believe everyone should learn about a country that they are going to live in. It doesnt mean that they have to believe that everything in America is better than where they came from. It means that they care enough
Data collection
Single Subject Chris is a social worker in a geriatric case management program located in a midsize Northeastern town. She has an MSW and is part of a team of case managers that likes to continuously improve on its practice. The team is currently using an
I would start off with Linda on repeating her options for the child and going over what she is feeling with each option. I would want to find out what she is afraid of. I would avoid asking her any “why” questions because I want her to be in the here an
Summarize the advantages and disadvantages of using an Internet site as means of collecting data for psychological research (Comp 2.1) 25.0\% Summarization of the advantages and disadvantages of using an Internet site as means of collecting data for psych
Identify the type of research used in a chosen study
Compose a 1
Optics
effect relationship becomes more difficult—as the researcher cannot enact total control of another person even in an experimental environment. Social workers serve clients in highly complex real-world environments. Clients often implement recommended inte
I think knowing more about you will allow you to be able to choose the right resources
Be 4 pages in length
soft MB-920 dumps review and documentation and high-quality listing pdf MB-920 braindumps also recommended and approved by Microsoft experts. The practical test
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One thing you will need to do in college is learn how to find and use references. References support your ideas. College-level work must be supported by research. You are expected to do that for this paper. You will research
Elaborate on any potential confounds or ethical concerns while participating in the psychological study 20.0\% Elaboration on any potential confounds or ethical concerns while participating in the psychological study is missing. Elaboration on any potenti
3 The first thing I would do in the family’s first session is develop a genogram of the family to get an idea of all the individuals who play a major role in Linda’s life. After establishing where each member is in relation to the family
A Health in All Policies approach
Note: The requirements outlined below correspond to the grading criteria in the scoring guide. At a minimum
Chen
Read Connecting Communities and Complexity: A Case Study in Creating the Conditions for Transformational Change
Read Reflections on Cultural Humility
Read A Basic Guide to ABCD Community Organizing
Use the bolded black section and sub-section titles below to organize your paper. For each section
Losinski forwarded the article on a priority basis to Mary Scott
Losinksi wanted details on use of the ED at CGH. He asked the administrative resident