Job Analysis

by Anthony Williams | on May 21, 2013  

How Job Analysis Benefit a Company

Job analysis is a means of identifying and collecting data about different aspects of a job, and helps human resource (HR) obtain a methodical understanding of the job domain. So, yes, job analysis does benefit a company. By using job analysis to find out what’s required to perform its job/s a company can write job/s descriptions and specifications. As well, the company can now ascertain how to establish pay scales for its particular job/s (Anthony, Kacmar, Perrewe, 2010).

If a company utilizes job analysis it can determine how to go about selecting the right employees to fit its job/s. By knowing job/s description/s and specification/s the individual/s with the right qualification/s may be selected. So too, if the right individuals are selected in the first place, he or she would be a better fit providing a higher retention rate. Job analysis resulting data may be used to allow the potential employee to be provided with job requirements. This will create an atmosphere to attract individuals with the right skills. Also, if the potential employee can see the vision of how he or she can get promoted within the job, better applicants can be attracted.  Thus, job analysis can assist with the attraction, selection, and retention of good employees (Anthony et. al., 2010).

Real-World Situation that Incorporates Job Analysis and/or Strategies for Attracting, Selecting, and Retaining Quality Talent

Speaking from my experience; the U. S. military incorporates the utilization of job analysis in its initial recruiting tests. The tests, both mental aptitude and physical, are use to determine if one will even be considered for active duty in peace time. These tests are also used for job placement based on what area one has excelled in. In other words, by viewing one’s graded test the military can determine what job to train the individual for; because, he or she has shown trainability potential in that area.

Strengths and Weaknesses of Job Analysis as Utilized by the Military

In the military’s case, I would say that its job analysis system is flawed in that it does not have a psychological testing element. However, job analysis on a whole is a great way to match the right candidate with the correct jobs. Still, it does not provide for a rapid changing job environment, even with a future perspective outlook. Since new technologies can and will eliminate some jobs in part, and others entirely. At this time a new job analysis will be done and restructuring will occur (Anthony et. al., 2010).

 Reference

 Anthony, W. P., Kacmar, K. M., & Perrewe, P. L. (2010). Human resources management: A strategic approach. (6th ed.). Mason, OH: Cengage Learning.
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Tags: data, Job Analysis, qualification, recruiting, tests

 

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About The Author: Anthony Williams

I am from the 19th Galaxy :). I am a Dad, husband, brother, son, entrepreneur, poet, lifelong learner... and personal development advocate. Even when I was living in the heart of Brooklyn as a teenager, I had an entrepreneur’s heart. .......If you want to, you can click on one of those links for a FREE Video

Three Roles Budgeting Play in a Company

by Anthony Williams | on May 19, 2013  

Reasons for Budgeting

In this blog post, I will identify at least three roles budgeting play in a company to help managers control and monitor a business. Although a budget may be prepared at anytime, the three most common reports are monthly, quarterly, and yearly.
One such role is that of comparing actual results with predicted results. A fixed budget performance report is use to monitor and thereby control a company’s performance, and plan future activities. In a fixed budget system, sales are predicted and the budgeting report is use as a ruler to measure actual results against planned activities. Thus, the outcome assessment of a company’s performance may be given a favorable or unfavorable overall progress report (Wild, Shaw & Chiappetta, 2009).
By contrast, another role that budgeting play is to help managers evaluate past performance. By giving a different view, so that activities may be monitored from possible outcomes. Possible outcomes relevant to changes in sales volume; by using a flexible budgeting, a budget may be prepared at the actual output level. Then performance reports are prepared and used to compare flexible budget to actual revenues and costs (Wild, et al.).

The Flexible Budgeting Performance Report

Then there is the flexible budget performance report, this report is used as a basis of information to help managers monitor variances. In the flexible budget performance report, one can analyze differences between actual performance and budgeted performance based on relative activity levels. This report is prepared after volume of sales units is known (Wild, et al.).

Budgeting Predictions

Above I mentioned that the numbers in a sales budget are predicted. However, I did not say how a company can go about identifying those numbers. Predicting sales numbers may be done by computing sales for a given targeted income. Prior year sales income is a given, so one would sum up fixed cost and targeted pretax income, then divide that number by the contribution margin ratio. The difference from that equation should yield a predicted sales number (Wild, Shaw & Chiappetta, 2009). In building your internet marketing, or network marketing business, these same concepts apply.

Reference

Wild, J. J., Shaw, K. W., & Chiappetta, B. (2009). Financial and Managerial Accounting: Information for Decisions (3^rd ed.). McGraw-Hill/Irwin, Inc.,

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Tags: Budgeting, flexible budget, income, internet marketing, managers, network marketing, report

 

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About The Author: Anthony Williams

I am from the 19th Galaxy :). I am a Dad, husband, brother, son, entrepreneur, poet, lifelong learner... and personal development advocate. Even when I was living in the heart of Brooklyn as a teenager, I had an entrepreneur’s heart. .......If you want to, you can click on one of those links for a FREE Video

Circumstances are not Set in Stone

by Anthony Williams | on May 18, 2013  

Circumstances

People are responsible for their circumstances. Check this out; I am currently also self-employed as a bail bondsman. Yesterday my partner and I went to pick- up a skip. A skip is a person who was bailed out of jail, and he or she was supposed to go to court on a certain date but instead decided hide. A skip is, also, a person who did not finish paying us and/or is hiding from us in any case. Any way, we found out his person was staying at a particular motel. Upon arriving to the motel we obtained the key to the room and proceeded to open the motel room door after announcing ourselves. First we knocked on the door announced who we were, and not a sound came from the room.

Bad Circumstances

Since we knew this was where the ski resided, at the time. We started to open the door, now there was the card key and a regular key. Every time we tried to open the door someone would lock it back from the inside. Thus, we announced ourselves again, and told the person to stop! Needless to say this continued for about half of an hour. This made a bad circumstance worst. Then finally, we won the battle of lock and unlocking the door. Now the pleading starts; I can’t go back go back to jail; I can pay you now, and a host of other pleading. The person wanted to pay now that his or her freedom was about to be taken. As well, now another bonding agent may not want to bail him or her out; this person is now a risk. These circumstances could have all been avoided if he or she had paid; and of most importance, had picked up the phone when we called or had not tried to hide from us. Instead of paying for service rendered, this person decided to get high with the money.

Create Your Own Circumstances

Now why did I decide to share this with you? It reminded me of why I am working on my living while I am working on my fortune. It, also, reminded me of the countless number of people who I sometimes run into and claims to wants a better financial life. However, they would rather spend their extra money on junk that is of no significance. And, in fact, they will not even recall where that money went, but they claim they want a better financial life. Yet, they won’t take responsibility for their circumstances. One has to invest in something that will bring a better return. You are the only one who can change your circumstances. Take a chance in life; nothing ventured, nothing gained. Twenty years from this date, if you are still in the physical, you would either say I did it or I wish I…; could of; should of. Don’t be that person.

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Tags: better financial life, Circumstances, extra, freedom, key, money

 

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About The Author: Anthony Williams

I am from the 19th Galaxy :). I am a Dad, husband, brother, son, entrepreneur, poet, lifelong learner... and personal development advocate. Even when I was living in the heart of Brooklyn as a teenager, I had an entrepreneur’s heart. .......If you want to, you can click on one of those links for a FREE Video