Human Resources Management

These flashcards cover key concepts in Human Resource Management, including definitions and explanations of important HR functions, strategies, and metrics.

Human Resources (HR)

The function of an organization that manages its workforce and looks after the human capital.

Hard Human Resource Management

An approach that treats employees as business resources, focusing on impersonal and functional management.

Soft Human Resource Management

An approach that values employee contribution and welfare, emphasizing good communication and employee buy-in.

Recruitment Process

The steps involved in finding, attracting, and selecting candidates for employment in an organization.

Training and Development

Programs designed to enhance the skills of new and existing employees to fit their roles better.

Remuneration and Reward

The salary and additional benefits provided to attract and retain employees.

Performance Management

The process of ensuring that employees meet organizational goals to improve overall performance.

SMART Objectives

Goals that are Specific, Measurable, Achievable, Relevant, and Time-bound.

Corporate Culture

The beliefs and behaviors that determine how a company's employees and management interact and handle business transactions.

Key Performance Indicators (KPIs)

Measurable values that demonstrate how effectively an organization is achieving its key business objectives.

Diversity and Inclusion

Strategies and practices that foster a diverse workplace and promote equal opportunities for all employees.

Absenteeism Rate

A measurement of the number of days employees are absent from work relative to the total days worked.

Staff Turnover

The rate at which employees leave an organization and are replaced by new employees.

Goal Congruence

The alignment of employee goals with the overall objectives of the organization.

Virtual Organization

An organization with a dynamic and flexible structure, often employing remote workers.

Psychometric Testing

Standardized tests designed to measure candidates' mental capabilities and behavioral style.

Employee Engagement

The level of commitment and involvement an employee has towards their organization and its values.