Introduction to Management: Human Resources Management

Flashcards based on key concepts and definitions from an introductory lecture on Human Resources Management.

What are the three major elements of Human Resources Management (HRM)?

Recruitment and selection, training and development, compensation and benefits.

What is Strategic Human Resources Management?

The identification of current and future talent requirements necessary to support the goals and strategy of the organization.

Define Succession Planning.

The process of identifying likely candidates for future openings in key positions within the organization.

What are the five key Human Resources Functional Activities?

Recruitment and selection, training and development, performance appraisal and feedback, compensation and benefits, employee relations.

What is the difference between training and development in HRM?

Training involves teaching employees skills for their current job; development prepares employees for future roles.

What is Performance Appraisal and Feedback?

A process of employee evaluation aimed at providing beneficial information to employees and identifying opportunities for performance improvement.

What does Equal Employment Opportunity aim to prevent?

Discrimination against protected classes of workers in hiring and treatment.

What is the Equal Pay Act of 1963?

It requires that men and women be paid the same for equal work.

What does the Family and Medical Leave Act of 1993 require for employers with over 49 workers?

They must provide up to 12 weeks unpaid leave for family or medical reasons.

What is the role of OSHA as per the Occupational Safety and Health Act of 1970?

Establishes mandatory safety and health standards within organizations.