Human Resources Management Exam Preparation
Human Resources Management Exam Preparation
This will focus on key points in preparation for a HRM exam.
Common Misconceptions about HR
Dispelling the myths surrounding HR:
HR is a useless department
This misconception underestimates the importance of HR in managing and caring for employees.
HR does not understand business
This fallacy overlooks HR's responsibility in creating a work environment advantageous for business growth.
HR is for those who like working with people
This oversimplifies HR and fails to consider its multifaceted nature.
HR Crises: An Example from Goldman Sachs
Examining how high-pressure work environments can lead to HR crises:
Informal Survey and Demands
A survey by junior Goldman Sachs analysts sparked demands for better work conditions.
Response From Goldman Sachs
The bank acknowledged the concerns raised and began addressing them, which included introducing Saturdays off.
Token of Appreciation from Jeffries
To ensure better workplace environment, Jeffries allowed junior bankers to select a token of appreciation.
Definitions of HRM
Understanding HRM's multifaceted duties and responsibilities:
Leadership and Management
HRM involves leading and managing people within an organization through systems, methods, and procedures.
HR Planning, Legal Compliance, Compensation & Benefits
These constitute important roles of HR in an organization.
Training & Development, Job Analysis, Performance Appraisal
Further critical tasks undertaken by HR to maintain efficiency in employee management.
Paternity Leave Advocacy: Alexis Ohanian's Case
Discussing the importance of paternity leave and societal stigma surrounding it:
Advocate for Paternity Leave
Reddit founder Alexis Ohanian strongly advocates for paternity leave.
Perceived Stigma and Fear
Many men fear asking for paternity leave due to perceived workplace stigma.
Lack of Employer Support
Many expectant fathers do not believe their employers will support their request for paternity leave.
Impact on Career
Over 30% of expectant fathers feel paternity leave could negatively affect their careers.
Benefits of a Four-Day Work Week and Nike's Subscription Service
Highlighting alternative work schedules and innovative service models:
Improved Quality of Life and Productivity
Studies show a four-day work week improves work quality and employee well-being.
Sustainability Benefits
A shortened work week can also contribute to sustainability by reducing commute times.
Nike's Subscription Service
Nike provides a subscription service for children's sneakers, aiming to generate recurring revenue and build customer loyalty.