D351 Topic 1 FLASHCARDS

HR Planning

Helps the organization understand how many and what types of employees they will need in the future

The 2 types of employee compensation

Direct (salary, bonuses, etc.)

Indirect( Benefits, services, training)

The objectives of HR

Improve productivity

Improve quality of work life

Ensure legal compliance and ethical behavior

The six major trends that influence work environment

Competition

costs and benefits associated with HR

Productivity changes

the increasing amount of diversity and overall changes affecting the workforce

dysfunction in the workplace

societal trends

What mainly shapes an organizations culture?

Top managements values

An HR professional must possess these key points of knowledge

Strategic planning

Financial statements

Overall marketing

how to use data tools and information systems

HR generalists

provide guidance and serve as a source of help/information on HR matters

HR specialists

Responsible for specific HR management functions in a company

SWOT

a tool that allows managers to assess the firms internal abilities and vulnerabilities to the environment

How are HR employees expected to react to change?

Be advocates for it

Tactical work

every day tasks

Strategic work

work that is focused on innovations and improvements

Consequentialist theory

judges whether something is right or wrong based only on consequences

deontological theory

uses rules to distinguish right from wrong

The first change in any HR change initiative

Securing top managements support