Human Resource Management

Flashcards for reviewing Human Resource Management concepts.

Human Resource Management (HRM)

The policies, practices, and systems that influence employees’ behavior, attitudes, and performance.

Human capital

An organization’s employees described in terms of their training, experience, judgment, intelligence, relationships, and insight.

Sustainable Competitive Advantage

An organization is better than competitors at something and can hold that advantage over a sustained period of time.

High-Performance Work System

Technology, organizational structure, people, and processes all work together to give an organization a competitive advantage.

Job Analysis

Process of getting detailed information about jobs.

Job Design

Process of defining the way work will be performed and the tasks that a given job requires.

Recruitment

Process through which the organization seeks applicants for potential employment.

Selection

Process by which the organization identifies applicants with the necessary knowledge, skills, abilities, and other characteristics that will help the organization achieve its goals.

Training

A planned effort to enable employees to learn job-related knowledge, skills, and behavior.

Development

Acquisition of knowledge, skills, and behaviors that improve an employee’s ability to meet changes in job requirements and in customer demands.

Performance Management

Process of ensuring employees’ activities and outputs match the organization’s goals.

Workforce analytics

Use of quantitative tools and scientific methods to analyze data from human resource databases and other sources to make evidence-based decisions that support business goals.

Talent management

Systematic, planned effort to attract, retain, develop, and motivate highly skilled employees and managers.

Evidence-based HR

Collecting and using data to show human resource practices have a positive influence on company’s bottom line or key stakeholders.

Sustainability

Ability to profit without depleting resources, including employees, natural resources, and support of surrounding community.

Stakeholders

Parties with an interest in the company’s success, typically including shareholders, community, customers, and employees.

Ethics

Fundamental principles of right and wrong.

Ethical behavior

Behavior that is consistent with ethical principles.