Reference no: EM132928548

1) What are the advantages of the new SHRM approach? Name three elements of HRM. What must HRM do to be a true strategic partner of the company? What benefits does a diverse workforce provide the company? If you were an HR manager, what steps would you take to minimize the outsourcing of jobs in your department?

2) How might a manager go about identifying the skills that the company will need in the future? Describe the "make or buy" option and how it can be applied to human resources management. How would you go about attracting and recruiting talented workers to your organization? Suggest ideas you would use to retain stars and keep them happy in their jobs. What skills might an organization like a bank need from its employees?

3) What kind of information would you include in a job description? Do you think it is important to hire employees who fit into the company culture? Why or why not? List questions that you would ask in a future-oriented situational interview. What requirements must personnel tests meet? If you were hiring to fill a position overseas, how would you go about selecting the best candidate?

4) What factors would you consider when setting a pay level for a particular job? What might be the "A" level positions in a bank? If you were running a business, would you implement a pay-for-performance scheme? Why or why not? Describe the difference between a basie salary, a bonus, and a gain sharing plan. Discuss the advantages and disadvantages of rewarding individual versus team performance.