Introduction to Human Resource Management

These flashcards cover key concepts related to Human Resource Management as outlined in Chapter 1 of the lecture notes.

Human Resource Management

The process of acquiring, training, appraising, and compensating employees, including attending to labor relations, health and safety, and fairness concerns.

Planning

The function of management involving the establishment of goals and developing procedures for tasks.

Organizing

The management function that includes assigning specific tasks to subordinates.

Authority

The right to make decisions, direct the work of others, and give orders.

Line Managers

Managers who are responsible for overseeing the work of subordinates and achieving basic organizational goals.

Staff Managers

Managers categorized as those who assist and advise line managers in areas such as recruiting, hiring, and compensation.

Strategic Human Resource Management

Formulating and executing HR policies and practices that produce the employee competencies and behaviors the company needs to achieve strategic objectives.

Functional Authority

Authority exerted by an HR manager as a coordinator of personnel activities.

Delegation

The process of assigning responsibility and authority to others to carry out specific activities.

Staff Authority vs Line Authority

Staff authority refers to the right of staff managers to advise and assist, whereas line authority involves directing the actions of subordinates.

Recruiting

The process of identifying and attracting potential candidates for employment.

Training and Development

Activities aimed at improving the skills and knowledge of employees.

Strategic Business Planning

Making comprehensive plans to establish organizational direction and decisions.

Employee Competencies

The skills, knowledge, and behaviors that workers need to achieve organizational goals.

Economic Challenges

Difficult financial situations that require organizations to adapt and streamline operations.