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bro really said here is the test
All of the following are aspects of HRM except…
Find right people
Train, motivate, appraise
Helps employees/employers understand rights and
responsibilities
Intangible
Knowledge, skills, and capabilities of individuals that have economic value to an organization
Difference between downsizing and outsourcing
Downsizing: Planned elimination of jobs
Outsourcing: Hiring outside the company
to perform processes previously done
within the firm
Definition of productivity
Output gained from a fixed amount of inputs
All of the following are ways HRM can contribute to productivity
Enhance ability of employees—invest in training
Improve Work environment
Motivate—TEAM
which of the following are considerations for managing such a changing labor force
Five generations
Diversity, equity, and inclusion
Enhancing benefit programs
Embrace Technology
Consider “new” ways of scheduling workers—flex time
LACK OF PROGRESS
People resist change as it involves modifying or abandoning familiar ways of working 10 HRM Strategic Challenges
T/f question
What might be a suggestion for soaring health costs?
Provide employees a set amount to purchase health insurance on their own
What ethnic group is going to double over the next 25 years?
Hispanics
What is the labor participation rate?
Number people employed or actively looking for work
Definition of Environmental scanning
the process of gathering information about
events and their relationships within an
organization's internal and external
environments
All of the following are ways that cultural changes have influence on HRM
Work assignments, Leadership styles, Reward systems
Definition of employee engagement
Extent to which employees are enthused about their work and committed to it
Match the Leadership Styles
Visionary
Coaching
Democratic
Commanding
Affiliative
Come with me
Try this
What do you think
Do what I tell you
People come first
T/F use of technology in HRM
Workers whose responsibilities extend beyond the physical execution of work to include planning, decision-making, and problem-solving
what is the “highest” level of good corporate citizenship on the Pyramid of CSR?
Philanthropic Initiatives
Define Sustainability
Ability to produce a good or service without damaging the environment or depleting a resource
All of the following are to manage change in response to
HRM challenges to business
Envision the future
Communicate vision
Set expectations for performance
Reorganize people/reallocate assets
Invest
Define Strategic Planning
Procedures for making decisions about the organization’s long term goals and strategies
Define Human Resource Planning
Process of anticipating and proving for the movement of people into, within, and out of an organization
Define a mission
Basic purpose of the organization and its scope of operations
Define a Strategic Vision
Clarifies the long-term direction of the company and it’s strategic intent
Define Core Values
Strong and enduring beliefs and principles that the company uses as a foundation for it’s decisions
What is the difference between formal and informal communications
Formal - Employee Handbooks
Informal - Corporate Culture
What is the Definition of Corporate Culture
The shared values, beliefs, behaviors, and attitudes that shape the work environment and guide the actions of individuals within an organization
All of the following are features of Corporate Culture
Core Values and Beliefs, Clear Communication, Leadership Style, Adaptability and Flexibility
Define the External Analysis of Business Environment
Factors that a firm cannot directly control but can affect its strategy
Define the External Analysis of Competitive Environment
Consists of a firm’s specific industry
Define the External Analysis of Remote Environment
Economy and ecological, technological, social, demographic, and legal and regulatory changes
Define Core Capabilities
Intergrated knowledge sets within an organization
Define Value Creation
What the firm adds to a product or service by virtue of making it
All of the following factors provide competitive advantage
For businesses in having/using resources
Valuable, Rare, Difficult to Imitate, and Organized
Define Cultural Audits
Assesses quality of work life in an organization by asking employees about nature of work and seeks input on how it should be done
All of these are strategic considerations in a labor shortage
● Develop and
invest in current
employees
● Recall employees
● Overtime
● Outsource via
contractors
All of these are strategic considerations during in a labor surplus
Hiring freeze
Reducing work
hours
Consider layoffs
“Forced”
retirements
Define Human Capital Readiness
Evaluating the availability of critical talent in a company and comparing it to the firm’s supply
What is the difference between low cost and differentiation strategy
Low-Cost - Focuses on efficientcy, cost containment, and minimizing waste in systems and processes
Differentiation - Based of delivering high-quality products, innovative features, speed to market, and/or superior service
Define Benchmarking
Looking at an organization’s practices and performances in an area and comparing them with those of other companies
Define Balanced Scorecards
Measures a firm’s strategic alignment; helping to translate strategic goals into operational objectives in consideration of stakeholders
Define the EEO
Treatment of individuals in all aspects of employment— Hiring, promotion, and training in a fair and non-biased manner
Note
Flashcard