Strategic Human Resource Management Lecture Flashcards

Vocabulary flashcards generated from the Chapter 1 lecture covering Strategic Human Resource Management concepts, justice principles, demographic trends, and strategic organizational alignment.

Fit

The degree of alignment between an individual employee and their specific job, team, or overall organization.

Double Bottom Line

A business framework where an organization focuses simultaneously on generating profit and addressing social causes.

Triple Bottom Line

An organizational strategy measuring success across three dimensions: profit, social impact, and environmental friendliness.

Turnover

The percentage of employees who leave an organization over a specific period, calculated by tracking who leaves between a start and end date.

Executive Order

A directive signed by the U.S. President imposing rules on organizations doing business with the federal government without passing through Congress.

Job Simplification

An HR practice of reducing a position to simple, single-task routines to shorten onboarding time, which can increase repetition and employee dissatisfaction.

Human Capital

An organization's pool of employee knowledge, skills, and capabilities that provide a strategic competitive advantage when valuable, rare, and difficult to imitate.

Hot Stove Rule

An HR principle referring to zero-tolerance policy infractions (such as breaking character at Disney or sexual harassment) that result in immediate termination.

Distributive Justice

A dimension of organizational equity where employees evaluate fairness by comparing their work inputs and resulting rewards against those of their peers.

Procedural Justice

A dimension of organizational equity focused on whether administrative processes and decision-making methods are consistent and fair for all employees.

Interactional Justice

A dimension of organizational equity centered on treating employees with dignity, respect, and clear explanations during managerial communications.

Defined Benefit Plan

A traditional, employer-funded pension plan that guarantees a set paycheck for life upon retirement based on years of service and age.

Defined Contribution Plan (401(k))

A portable retirement account funded by employee contributions and employer matching that follows the employee across different jobs.

Glass Ceiling

An artificial, invisible barrier that hinders qualified demographic groups, particularly women, from advancing into upper-level management positions.

Just-in-Time Inventory

An inventory management model where components are ordered right as needed to minimize holding costs, which leaves businesses vulnerable to supply chain delays.

SWOT Analysis

A strategic framework used to evaluate an organization's internal Strengths and Weaknesses along with external Opportunities and Threats.