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UnitSeven
HumanResourcesLead-in
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Discussion1.Whatbenefitsdoyouexpectinyourfuturecareer?Readthenextseveralslidesforsomeclues.
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Discussion2.Readthefollowingtermsregardinghumanresourcemanagement(HRM).Doyouknowanythingaboutthem?Exchangeyourideaswithyourpartner.TermsaboutHRMProfitSharingPromotionDemotionAnnualBonusAnnualLeaveFlextimeEducationSubsidyEfficiencyWageGoldenHandshakeGoldenParachuteOvertimeWagePayFreezeMeritPayMeritRaiseWage-by-AgeSystem
Lead-in
DiscussionTextAAFreshPerspective:EmployeeBenefitsasaStrategicBusinessInvestmentStructuralAnalysisPara.MainTopics
1-3Employeebenefitsrepresentaninvestmentratherthananexpense.4-15Companies’fourprofilesregardingtheirapproachtoemployeebenefits.
16-27Aparadigmshiftinfourkeyareastransformsbenefitsintobusinessstrategy.28Acompany’sinvestmentinemployeebenefitscontributestoemployeeattraction,retention,andproductivity.PartI
QuestionsaboutPartIQ.WhatisthemainideaofPartI(Paras.1-3)?Employeebenefitsrepresentaninvestmentfromwhichcompaniesderivevalueandshouldbemanagedinlinewithanoverallbusinessstrategyratherthanwrittenoffasanexpense.1.Employeebenefitsrepresentaninvestmentfromwhichcompaniesderivevalueandshouldbemanagedinlinewithanoverallbusinessstrategyratherthanwrittenoffasanexpense.(Line1,Para.1)Employeebenefitssignifyaninvestmentwhichprovidesasourceofprofitsforcompanies;theyshouldnotberegardedascostbutbeconductedinconsistentwithageneralbusinessstrategy.PartI
SentenceInterpretationTraditionally,employeebenefitshavebeenviewedasaone-size-fits-allcomponentoftheworkplaceandafixedexpenseforemployers.(Line1,Para.2)Employeebenefitshavebeentraditionallyregardedassomethingappealingtoawiderangeofworkplaceandanestablishedexpenditureforemployers.PartI
SentenceInterpretationThecurrentlandscapecallsforaparadigmshiftinthewayemployersviewbenefitsofferings.(Line4,Para.2)Thepresentsituationrequiresarenewalofemployer’sattitudestowardemployeebenefitspatterns.PartI
SentenceInterpretationwriteoff(Para.1)vp.
toremove(esp.adebt)fromtherecordsoraccounts
synonym:cancel
example:BothbelieveGreeceshouldwriteoffitshugedebtandrollbacksomeofthepolicyprescriptionsofits240billioneurofinancialaidpackagefrominternationallenders.
PartI
WordsandExpressionsprofile(Para.1)n.adescriptionofaperson,group,ororganizationthatcontainsallthedetailsthatsomeoneneedssynonym:
outlineexample:Thecompany’slong-termcreditratingwasdowngradedbyStandardandPoor’sRatingServicesonFridayonexpectationsthatitsfinancialriskprofilewilldeteriorateinthenexttwoyears.PartI
WordsandExpressionsparadigm(Para.2)n.anexamplethatservesaspatternormodelsynonym:
example
example:Thenewproposedrulescouldbeanewparadigmthatmaytaketimeforinvestorstodigest.PartI
WordsandExpressionsQ1.WhatisthemainideaofPartII(Paras.4-15)?Whenitcomestotheirapproachtoemployeebenefits,mostcompaniesfitintooneoffourprofiles:traditional,standard,flexible,orprogressive.PartII
QuestionsaboutPartIIQ2.Whatkindofcompaniesbelongtothetraditionalcategory?
Companiesthatcontinuetosupportfullyfundedpensionplanswilllikelyfallintothiscategory.PartII
QuestionsaboutPartIIQ3.Whatkindofcompaniesbelongtothestandardcategory?Smallerbusinesseswithjustoneortwolocations,andthoseintheserviceindustrythatemployahighproportionofhourlyworkers,aretwotypesofemployersthatfrequentlyfitthestandardprofile.PartII
QuestionsaboutPartIIEmployersthattakethetraditionalapproachdemonstrateacommitmenttothelong-establishedmodelofemployeebenefits,thecoreofwhichishealthinsuranceandretirementplans.(Line1,Para.8)Employerswiththetraditionalapproachhighlightapledgeofconventionalemployeebenefitswhichcenteruponhealthinsuranceandretirementplans.PartII
SentenceInterpretationWithhealthcareandretirementcostsontherise,traditionalemployersmayprefertosafeguardtheircommitmentstoemployeesintheseareasaheadofaddingnewprogramsorexploringadditionalofferings.(Line1,Para.9)Sincehealthcareandretirementcostsremainanupwardtrend,traditionalemployerswouldratherkeeptheirpromisesintheseareasthanintroducenewprogramsorextrachoices.PartII
SentenceInterpretationFlexibleemployersplaceapremiumonchoice.Theytendtosupportawiderrangeofbenefitsprogramsbecausetheyarecognizantofcompetitionandrecognizetheneedtoaccommodatediversity.(Line1,Para.12)Flexibleemployers,emphasizingchoice,prefermorebenefitsofferingsbecausetheyareconsciousofrivalryaswellasthenecessitytomeetvarieddemandmix.PartII
SentenceInterpretationAsaresultoftheircommitmenttochoiceandfocusonemployees’currentneeds,flexibleemployersmaybelessapttosupportprogramsthattakealongertermview,suchasfinancialplanningandwellnessinitiatives.(Line1,Para.13)Stemmingfromtheirpledgetoprovideoptionsandfocusonemployees’presentsituation,flexibleemployersmaybelessinclinedtosupportlong-rangeprograms,suchasfinancialplanningandwellnessinitiatives.PartII
SentenceInterpretationLikeanàlacartemenu,flexibleemployerspresentavarietyofbenefitsoptionsanduseamoreself-service-orientedcommunicationstrategy.(Line7,Para.13)Similartodiningatacafeteria,flexibleemployersprovidevariousbenefitschoicesfromwhichemployeescanchooseonthebasisoftheirownneed.PartII
SentenceInterpretationcategorize(Para.4)v.toputpeopleorthingsintogroupsaccordingtotheirqualitiessynonym:classifyexample:
Medicaredatacategorizepatientsaseitherblackornon-black.PartII
WordsandExpressionscomparable
(Para.5)adj.similartosomethingelseinsize,number,qualityetc,sothatyoucanmakeacomparisonsynonyms:
similar;equivalentexample:McDonald’sCorp.reportedadropinfourth-quartercomparablesales,thoughthedeclinewasnarrowerthanexpected.PartII
WordsandExpressionsprioritize(Para.6)v.toarrangeordealwithinorderofimportanceexample:TheboardhasagreedtoprioritizemarketexpansioninSoutheastAsiaasourcoregrowthinitiativeforthenexttwoyears.PartII
WordsandExpressionscommitment(Para.8)n.aformalbusinesspromise,dutyorthedevotionofresourcestoaspecifictaskorpartnersynonyms:
obligation;responsibility;pledgeexample:Thesuppliermadeafirmcommitmenttodeliverallrawmaterialsbeforetheproductionkick-offdate.PartII
WordsandExpressionspension(Para.8)n.asumofmoneypaidregularlyasaretirementbenefitorbywayofpatronagesynonyms:
subsidy;allowanceexample:Thenewemployeehandbookoutlinesthecompany’scontributionratetothesupplementarypensionplanforthestaff.PartII
WordsandExpressionscognizant(Para.12)adj.fullyinformedsynonym:
consciousexample:Beforerollingoutthenewworkflow,wesentafullbriefingtoeverydepartmentheadtomakesuretheyarefullycognizantofthepotentialoperationalrisks.PartII
WordsandExpressionscharacterize(Para.14)v.todescribethequalitiesorpeculiaritiesofsynonym:
distinguishexample:Thislong-termstrategicpartnershipischaracterizedbysharedrisk-takingandmutualbenefit,ratherthanone-sidedcostreductiondemands.PartII
WordsandExpressionsarena(Para.15)n.aplaceorscenewhereforcescontendoreventsunfoldsynonyms:
place;areaexample:Inthegloballow-carboninnovationarena,ournewsolutionwillopenupablueoceaninthedigitalintelligencemarket.PartII
WordsandExpressionslaurel(Para.15)n.honorandglorywonforgreatachievementsynonyms:
honor;gloryexample:TheathletewillbeabletoparticipateintheGamesandwillworkhardertobringlaurelstothenation.PartII
WordsandExpressionsQ1.WhatisthemainideaofPartIII(Paras.16-27)?Toshiftacompany’smindsetfrombenefitsasanexpensetobenefitsasstrategicbusinessdrivers,employersandbrokersmustmoveawayfromthetraditionalnotionofbenefitsandtowardthekeystrategiesofhealthandwellness,financialsecurity,lifebalanceandexperience.PartIII
QuestionsaboutPartIIIQ2.Aneffectivebenefitsprogramcandeliversoftreturnsandhardreturns.
Whatdo“softreturns”and“hardreturns”includerespectively?Softreturnsdeliveredbyaneffectivebenefitsprogramincludereputation,asenseofmeetingobligations,andgoodwill.Hardreturns,whichtendtohaveamoremeasurableimpactonacompany’sbottomline,includeemployeeattraction,retention,andproductivity.PartIII
QuestionsaboutPartIIIAsaresult,manyemployersmissopportunitiestoalignbenefitswiththeiroverallbusinessstrategy.(Line7,Para.17)Accordingly,manyemployersfailtoembracechancestobringbenefitsintotheiroverallbusinessstrategy.PartIII
SentenceInterpretationThereareanumberofwaysthatemployerscanaddressthefinancialsecurityofemployees—notonlyintheformofdollarsandcents,butalsowithguidancethatempowerspeopletotakeresponsibilityfortheirfinancialwell-being.(Line1,Para.23)Employerscantacklethefinancialproblemsofemployeesviamanywaysincludingbothcashandguidancethatenablespeopletoberesponsiblefortheirfinancialhealth.PartIII
SentenceInterpretationleverage(Para.20)v.touseexistingresources,advantagesorinfluencetoachieveaspecificbusinessgoalsynonyms:
utilize;capitalizeonexample:WewillleverageourglobalpartnernetworktoexpandintotheAfricanmarketthisyear.PartIII
WordsandExpressionsfalter(Para.21)v.
tolosegrowthmomentum,slowdownexecutionorshowuncertaintyduringbusinessoperation
synonym:
waverexample:
Theregionalnewproductsalesgrowthbegantofalteraftertheunexpectedrawmaterialsupplydisruptionlastquarter.PartIII
WordsandExpressionsempower(Para.23)v.
toinvestwithpower,especiallylegalpowerorofficialauthoritysynonym:
authorizeexample:
TheInternethasempoweredfirms,especiallysmallerones,toaccesscustomersinforeignmarkets.PartIII
WordsandExpressionsoptimal(Para.26)adj.
mostfavorableordesirablesynonym:
optimumexample:Kidneytransplantsfromlivingdonorsofferoptimalrecipientsurvivaloutcomes,thestudysays.PartIII
WordsandExpressionsPartIV
QuestionsaboutPartIVQ.WhatisthemainideaofPartIV(Para.28)?Acompany’sinvestmentinemployeebenefitsissignificantand,whenmanagedeffectively,hasthepotentialtodeliverinvaluablereturnsintheformofemployeeattraction,retention,andproductivity.TextBHumanResourcesManagementinOrganizationsStructuralAnalysisPara.MainTopics
1-8Humanresourcesinorganizationscanbeacorecompetency.Productive,creativepeopleworkinginflexible,effectiveorganizationsthatproviderewardingworkforindividualsareimportantforallmanagers,notjustthoseinHRdepartments.9-26Beingthecorecompetency,HRmayaidorganizationsinanumberofways,includingenhancingorganizationalculture,improvingorganizationalproductivity,andmaintainingsocialresponsibilities.PartI
QuestionsaboutPartIQ.Whyarehumanresourcescalledthe“glue”ofanorganization?Becausehumanmanagersandemployeesconnectallotherassets(financialassets,physicalfacilities).Withoutpeople,tangibleassetscannotcreatebusinessresults.1.Peopleashumanassetsarethe“glue”thatholdsalltheotherassets,suchasfinancialandphysicalones,togetherandguidestheirusetobetterachieveresults.(Line3,Para.2)Employeesarethemostcriticalresourceofacompany.Theymakefinancialfundsandequipmentworkeffectivelyandhelpthefirmreachitsbusinesstargets.PartI
SentenceInterpretationHumancapitalisnotsolelythepeopleinorganizations—itiswhatthosepeoplebringandcontributetoorganizationalsuccess.(Line1,Para.6)Humancapitaldoesnotonlymeanstaffmembersthemselves;italsoincludestheirknowledge,skills,andenergythatdrivethecompany’ssuccess.PartI
SentenceInterpretationQ1.
WhatareHofstede’sfiveculturaldimensionsforcross-culturalHRmanagement?Thefivedimensionsare:InequalityinpowerIndividualism/grouporientationMasculinity/femininityUncertaintyavoidanceLong-term/short-termorientationPartII
QuestionsaboutPartIIQ2.
WhatcompetitiveadvantagescancorporatesocialresponsibilitybringtoanorganizationviaHR?Ithelpsattractandretainhigh-qualityemployees,improvesemployeemoraleandloyalty,enhancesglobalcorporateimage,andcreateslong-termcompetitiveadvantagesamongconsumers.PartII
QuestionsaboutPartIIProductivityattheorganizationallevelultimatelyaffectsprofitabilityandcompetitivenessinafor-profitorganizationandtotalcostsinanot-for-profitorganization.(Line1,Para.20)Forprofit-makingcompanies,overallproductivitydecidesprofitsandmarketcompetitiveness;fornon-profitorganizations,productivitymainlycontrolsoperatingcosts.PartII
SentenceInterpretationPartofHRmanagementistoensurethatsocialresponsibilityisintegratedintotheorganizationalculture.(Line1,Para.22)OneimportantjobofHRteamsistomakecorporatesocialresponsibilitybecomeabuilt-inpartofthecompany’ssharedvaluesanddailyoperationrules.PartII
SentenceInterpretationDirections:Formgroupsoffourwitheachstudenttakingarolefromthefollowing.Then,conductarole-playshowinghowajobinterviewtakesplace.StafffromBankofChina:
Mr.Zhang,thegeneralmanagerofadepartment;Ms.Li,theHRmanager;Alice,thesecretaryofMs.Li.Theinterviewee:MissWang(SheappliedforthepositionofaprojectmanageratBankofChina.Now,shecomestothebanktohavethejobinterview.)SpeakingJobInterviewSuggestions:Inajobinterview,itisusuallytheHumanResource(HR)managerandthedepartmentmanagerwhoareresponsibleforinterviewingthecandidate.InthecaseofBankofChina,ifMissWangappliesforthepositionofprojectmanager,shewouldmostlikelybeinterviewedbytheHRmanager,Ms.Li,andthegeneralmanagerofthedepartment,Mr.Zhang.SpeakingJobInterviewHere’showthejobinterviewmighttakeplace:MissWangarrivesatthebankandisgreetedbythesecretaryofMs.Li,Alice.AlicewelcomesMissWangandprovidesherwithanynecessaryinformationorassistance.MissWangisthenescortedtotheinterviewroombyAlice,whereMs.LiandMr.Zhangarealreadywaitingforher.TheyintroducethemselvestoMissWangandbegintheinterviewprocess.TheinterviewstartswithgeneralquestionstogetasenseofMissWang’sbackground,experience,andqualifications.Ms.LiandMr.Zhangmayaskheraboutherpreviousworkexperiences,herskillsandexpertise,andherviewsonprojectmanagement.SpeakingJobInterviewAstheinterviewprogresses,theymaymoveontomorespecificquestionsrelatedtothejobrequirementsa
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