Principles of Business - Human Resources

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Responsibility for HRM

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Description and Tags

Understanding Human Resources

Business

11th

10 Terms

1

Responsibility for HRM

Shared responsibility between line and staff managers; specific HRM activities are assigned to those in the best position to perform them

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2

How is a forecast of human resources demand related to a firm’s organizational planning?

It is an organization’s overall strategic plan; the starting point of the process

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3

When demand is greater than supply

HR planners make plans to recruit new employees

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4

When the supply of employees is predicted to be greater than the demand

The firm must take steps to reduce the size of its workforce through: Layoffs, Attrition, Early retirement, Buyouts, Firing

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5

Major benefits of a culturally diverse workforce

Cost, Resource acquisition, Marketing edge, Flexibility, Creativity, Problem solving, and bilingual communication skills

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6

Major disadvantages of a culturally diverse workforce

Communication issues, multiple differing opinions, hostility, and generation gaps

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7

What is an advantage of external recruiting?

It brings people into a firm who have new perspectives and varied business backgrounds

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8

What are the disadvantages of external recruiting?

It is expensive and may provoke resentment among present employees

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9

What are the advantages of internal recruiting?

It provides strong motivation for current employees and helps the firm retain quality personnel

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10

What is the disadvantage of internal recruiting?

It leaves another position open

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