Human Resources Management Final Revision Flashcards

A comprehensive set of vocabulary flashcards covering the core concepts of Human Resource Management, including recruitment, strategic planning, diversity, and employer challenges as outlined in the course notes.

Human resource management (HRM)

The process of employing people, training them, compensating them, developing policies relating to them, and developing strategies to retain them.

Staffing

The function involving the entire hiring process from posting a job to negotiating a salary package, including development of a staffing plan, recruitment, and selection.

Retention

The process of keeping and motivating employees to stay with the organization.

Cyberloafing

A technology challenge where employees use work computers for personal reasons, such as social media, which reduces productivity.

Cafeteria Plan

A flexible benefit system where employees get a basic level of benefits and a set amount of money to spend on extras of their choice.

Downsizing

The process of reducing the number of employees, often necessitated by a bad economy.

Mass Hiring

Rapid recruitment of hundreds of people very quickly during a growth economy.

Code of Ethics

A guide created by HR departments that explains how employees are expected to behave in the workplace.

Baby Boomers

Employees born between 1946 and 1964 who are part of the aging workforce nearing retirement.

Lost Knowledge

The loss of valuable "unwritten" experience and information that occurs when long-tenured employees retire.

Ulrich HR Model

A model that transforms HR from a functional area into a strategic partnership, involving roles like Strategic Partner and Change Agent.

Succession planning

The process of training and preparing current employees to step into future managerial positions.

SWOT analysis

A strategic analysis tool used to identify Strengths, Weaknesses, Opportunities, and Threats within the HR department.

Headhunters

Specialists or agencies that match candidates to high-level or executive positions.

Human relations skills

Non-job-specific abilities developed through training, such as communication or interviewing techniques.

Diversity

The differences between people, including race, gender, and religion, with a goal of ensuring everyone is treated the same through policies.

Multiculturalism

A concept deeper than diversity that focuses on inclusiveness, respect, and addressing unequal power and privilege in society.

Invisible privilege

Hidden advantages based on a system where a predominant race, gender, or sexual orientation sets societal rules and norms.

Color-blind approach

An approach that ignores differences by claiming to treat everyone the same, often masking invisible privilege.

EEOC

The federal agency responsible for enforcing employment discrimination laws.

Four-fifths rule

A rule stating that a selection rate less than $80\%$ of the highest group's rate may indicate adverse impact.

Adverse impact

Employment practices that appear neutral but have the effect of discriminating against a protected group.

Job analysis

A formal system developed to determine what tasks people actually perform in their jobs to develop descriptions and specifications.

Job description

A specific list of the tasks, duties, and responsibilities associated with a job.

Job specifications

The specific skills and abilities a person must possess to perform the job effectively.

Executive search firm

Companies focused on high-level positions that charge $10\text{--}20\%$ of the first-year salary to find qualified candidates.

IRCA

The law that requires employers to verify the immigration status of their employees.

Yield ratio

The percentage of applicants from a specific source who successfully move to the next stage of the selection process.