6.2. Strategic Human Resources Management

Flashcards reviewing key concepts from a lecture on Strategic Human Resources Management.

What is the primary goal of Strategic Human Resources Management?

Managing people towards achieving a competitive advantage.

According to the lecture, what are the three main HR activities?

Work Design and Workforce Planning, Managing Employee Competencies, and Managing Employee Attitudes and Behaviors.

Why is it important to manage people effectively in a company?

To attract, motivate, and retain talented employees, motivate employees to contribute, and retain/potentiate employees as a source of competitive advantage.

What are HR Activities considered to be?

Tools that companies use to manage their employees.

What is the role of the HR Department?

To design and implement the HR policies so that organizations manage their employees.

What is the definition of 'Competitive Advantage'?

The ability of a company to create more economic value than its competitors.

How can a company achieve a competitive advantage through HR?

By managing employees effectively, training employees in needed abilities, ensuring employees feel valued, and motivating employees to be productive.

What does 'Work Design and Workforce Planning' involve?

Determining what employees do, ensuring the right person fits the job, aligning job positions with organizational objectives, assigning job positions, and deciding when to use outsourcing, offshoring, or temporal employees.

What is involved in 'Managing Employee Competencies'?

Evaluating employee talents, recruiting potential employees with the right competencies, selecting the best candidates, and training employees on required abilities.

What are key considerations when 'Managing Employee Attitudes and Behaviors'?

Motivating employees to improve performance, communicating performance evaluation criteria, providing constructive feedback, and addressing unproductive employees.

What are the two components of compensation and incentives?

Salary (fixed) and incentives.

On what bases can compensation be awarded?

Compensation may be based on results (performance), seniority, or both.

What benefit types are required by law?

Social Security, Employee Compensation, and Sick Leave.

What benefit types are voluntary?

Health Insurance and Pension Plans.

What is 'Internal Alignment' in HR activities?

Ensuring HR activities are consistent among themselves.

What is 'External Alignment' in HR activities?

Defining HR activities based on the challenges from the external environment.

What are the 3 HR Challenges mentioned in the lecture?

Adapting to organizational characteristics, Influences of the External Environment, and Regulatory Aspects/Issues.

Name the cultural differences according to Hofstede (1980).

Power distance, Individualism and collectivism, Uncertainty avoidance, Masculinity/feminity, Long-term orientation