WGU Strategic Human Resource Management Chapter Quiz 1 With 100% accurate expert curated questions & answers (PASSED)

How can HRM create value within an organization?

by making the company better at executing its strategy

The purpose of the organizational function of HRM is to

attract, hire, develop, reward, and retain talent

Taking workplace health and safety seriously helps to reduce ____ risk?

compliance

When an organization adopts a new manufacturing process, which HRM function is responsible for improving employee's skills to meet its new talent needs?

training

Staffing is the process of planning, acquiring, deploying, and retaining employees that enables the organization to meet its talent needs and execute its __________.

business strategy

Separations due to poor performance, layoffs, or restructuring are part of which HRM function?

staffing

_________ planning can help to ensure that an organization has people ready to assume positions as soon as those positions become available

Succession

What type of management involves aligning individual employees' goals and behaviors with organizational goals and strategies?

performance management

By providing the raw talent that the system will manage, staffing influences the effectiveness of which system?

performance management

To promote and maintain ethical behavior, managers need to provide __________ feedback

performance

Compensation received in the form of salary, wages, commissions, stock options, or bonuses is called _________.

direct financial compensation

Compensation including free meals, vacation time, and health insurance is called ________.

indirect financial compensation

Rewards and incentives given to employees that are not financial in nature, including intrinsic rewards received from the job itself or from the work environment, are called ________.

nonfinancial compensation

When a company creates new HRM initiatives to strengthen employees' ethical awareness and company culture to enhance its competitive advantage, it is managing _________.

strategic risk

HRM affects the speed and effectiveness of talent acquisition as well as the development of employees' skills and the identification and retention of top performers. These and other HRM activities that can directly influence the organization's success or failure are examples of _________.

operational risk

When new HRM processes reduce the cost of hiring employees, they have reduced its ________.

financial risk

Thinking through the ramifications of an employment-related decision in terms of legal risk, particularly in the areas of diversity, health and safety, union relations, whistleblowers, and harassment, is an example of managing ________.

compliance risk

To expand internationally, _________ have been common organizational strategies.

mergers and acquisitions

Mergers and acquisitions often fail because of ________.

culture issues

__________ between HR and employees is extremely important.

Communication