Human Resource Management Flashcards

Flashcards covering key concepts and definitions in Human Resource Management (HRM).

Human Resource Objectives

Targets pursued by the HR function or department of a business.

Labour Productivity

Measures the output of a firm in relation to the number of employees it has.

Quality

The extent to which a product meets customer needs and expectations.

Employee Engagement

Describes the connection between a business's employees and its mission, goals, and objectives.

Employee Involvement

Exists in a business in which people are able to have an impact on decisions and actions that affect their working lives.

Training

This is a process whereby an employee gains job-related skills and knowledge.

Talent Development

Refers to the development and guidance of outstanding or star employees who have the potential to make a major contribution to an organisation's performance and success.

Diversity

In an employment context, refers to recognising the differences between individual employees and also the differences that may exist between different groups of employees.

Human Resource Management

The design, implementation and maintenance of strategies to manage people for optimum business performance

HR Objective

A specific goal or target relating to the management and performance of human resources in a business. The achievement of these targets should assist the business in achieving its overall corporate objectives.

Human Resource Objectives

These are goals or targets that a business's HR department seeks to achieve. These targets should assist the business in meeting its overall corporate objectives.