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The selection of employees is a complex process, involving many important steps. As a result of technological advances and research in psychology, this process has also evolved dramatically over the years. Interestingly, there are two elements of the selection...

There are a few basic aspects of compensation packages we should discuss before moving into the specific aspects of compensation. These foundations can assist in the development of a compensation strategy that meets the goals of your organization and is in lin...

The project management game is a series of events that students live through to complete project management tasks with real-life companies.  Rules of the Game  This game was designed to mimic reality as much as possible. The adventures students are living th...

How do my students submit their solution? Students will see the instructions on their dashboard on how to submit their solutions. It looks like this.  How to view students submissions ? Click on the solution icon and you will see your students solutions...

- Pourquoi devrais-je m'en soucier? L'économie, c'est notre système de production. L'économie produit notre pain quotidien, ainsi que nos jeux, et nos distractions. Or, ce système de production est aussi responsable de la destruction de l'environnement nature...

As you already know, there is more to a compensation package than just pay. There are many other aspects to the creation of a good compensation package, including not only pay but incentive pay and other types of compensation. Some of the benefits are mandato...

Once you have determined your compensation strategy based on internal and external factors, you will need to evaluate jobs, develop a pay system, and consider pay theories when making decisions. Next, you will determine the mix of pay you will use, taking into...

A main next aspect of Human Resource Management is to develop compensation plans that will help in the recruitment and retention of employees. Should pay and compensation be discussed? Most of us, no matter how much we like our jobs, would not do them withou...

Maximum insights on minimum wage workers: 20 years of data by Dominique Dionne-Simard and Jacob Mille Between 1998 and 2018, the proportion of employees earning minimum wage1 grew from 5.2% to 10.4%, with most of that growth occurring between 2017 ...

Interviewing, like the use of resumes, has been a staple of employee selection for many years. Hiring managers appreciate the first-hand contact with the candidate that the interviews provide. Compared to other selection tools available to companies, interview...

Why learn about various compensation and benefits plans and their effectiveness? Personnel costs (including compensation, benefits, and taxes) represent a business’ largest expense. According to Paycor, “labor costs account for as much as 70% of total busines...

Innovatank Case - Chapter 9 - HRM- Managing Employee Performance

Although business’ support of employee’s career management is a best practice back by performance data, each individual is ultimately responsible for his or her own career management. As Deloitte vice chairman and author Cathy Benko phrases it, each of us is t...

As described in Foundations of Human Resource Management, “employee training is a learning experience that teaches new skills, knowledge, attitudes and behaviors necessary for successful job completion.”[1] That is, the objective of training is to develop or e...

Identifying Training Gap A training gap exists when there is a variance between desired/required behavior or performance and actual behavior or performance. This gap can occur on an individual, team or organizational level. This gap can reflect a lack of hard...

Innovatank Case - Chapter 8 - HRM- Selecting Employees

The principle of employee selection is relatively simple: HR managers collect current information on candidates to predict the future (i.e., how well they will perform a job). However, predicting future human behaviour is known to be very difficult. People are...

A vast number of KSAO’s can be measured by a well-designed structured interview. However, as mentioned earlier, interviewing can be expensive. In addition, even in the best of cases, it remains a subjective process and biases can influence the interviewers. A ...

Ryan Owen holds an MBA from the University of South Carolina, and has rich experience in financial services, having worked with Liberty Mutual, Sun Life, and other financial firms. Ryan writes and edits AI industry trends and use-cases for Emerj's editorial an...