Human Resource Management Overview Flashcards

Vocabulary flashcards covering key definitions and concepts from Chapter 1 Human Resource Management lecture notes.

Human Resource Management (HRM)

The utilization of individuals to achieve organizational objectives.

Staffing

The process through which an organization ensures that it always has the proper number of employees with appropriate skills in the right jobs at the right time to achieve organizational objectives.

Job Analysis

The systematic process of determining skills, duties, and knowledge required for performing jobs in an organization.

Training

Activities designed to provide learners with the knowledge and skills needed for their present jobs.

Development

Learning that goes beyond today's job and has a more long-term focus.

Career Planning

An ongoing process whereby an individual sets career goals and identifies means to achieve them.

Career Development

A formal approach used by an organization to ensure that people with proper qualifications and experiences are available when needed.

Organization Development

The organization-wide application of behavioral science to planned development and support of strategies, structures, and processes for improving a firm's effectiveness.

Compensation

All rewards that individuals receive as a result of their employment.

Pay

Money that a person receives for performing a job.

Benefits

Additional financial rewards, other than base pay, such as sick leave, vacations, holidays, and medical insurance.

Safety

Protecting employees from injuries caused by work-related accidents.

Health

Employees' freedom from illness and their general physical and mental well-being.

Labor Market

The pool of individuals external to the firm from which an organization obtains its workers.

Social Responsibility

The implied, enforced, or felt obligation of managers to serve or protect the interests of groups other than themselves.

Ethics

The discipline dealing with what is good and bad, or right and wrong, or with moral duty and obligation.

Union

A group of employees who have joined together for the purpose of dealing collectively with their employer.

Shareholders

Owners of a corporation who have invested money in a firm and may challenge programs considered by management.

Shared Service Centers (SSC)

An organizational unit that takes routine, transaction-based activities that are dispersed and consolidates them in one location.

HR Executive

A top-level manager who reports directly to the corporation's CEO and may be an HR generalist or specialist.

HR Generalist

A manager or executive who performs tasks in various HR-related areas and is involved in several or all of the five HRM functions.

HR Specialist

An HR executive, manager, or non-manager who is typically concerned with only one of the five functional areas.