Bus 101 ch. 7: human capital

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27 Terms

1

high performance work system

Focusing on strategies that capitalize on people
-recognize the importance of "people" as a source of competitive advantage

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2

employer attractiveness

envisioned benefits that a potential employee sees in working for a specific organization

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3

realistic job previews

offer a true sense of the good, the bad and the ugly within the organization.
-an effective way to screen out applicants who may not fit the organization.

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4

qualifications

the applicant's knowledge, abilities, skills and other characteristics, such as personality and attitude.

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5

validated selection tools

tools that have been shown to predict various aspects of performance

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6

Job appilcation

requests information about candidates' work experiences and education, along with a list of references.

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7

intelligence test

asses a candidates cognitive skills

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8

personality tests

assess factors such as conscientiousness, extraversion, openness to experience, emotional stability, emotional intelligence, entitlement, narcissism and agreeableness

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9

structured interview

all applicants are asked the same job-related questions, have been shown to be the most valid

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10

unstructured interview

managers use to craft their own questions for each of the candidates

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11

Semi-structured interview

combination of structured and unstructured interview questions

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12

most effective training programs

have three phases: the needs assessment phase, the development phase, and the evaluation phase.

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13

leniency

Instead of giving employees honest appraisals of their work, some inflate ratings of subordinates to avoid the discomfort of giving the lower ratings that they objectively deserve
-one of the most pervasive and insidious of all performance appraisal biases.

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14

Performance dimensions

attitude, task performance, behavior, absenteeism, tardiness, accident rates, competencies, customer outcomes, need for supervision and interpersonal impact

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15

performance appraisals that are most legally defensible have

-Objective, unbiased, reliable and valid measures of performance
-Multiple raters (e.g., 360-degree reviews) who have been trained to reduce biases, such as leniency bias
-Inclusion of comments and explanations of ratings
-Well-defined anchors of ratings or descriptions
-Means for filing an appeal

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16

360-Degree Performance Appraisal

performance measurement that combines information from the employee's managers, peers, subordinates, self, and customers
-ratings from 2 or more raters

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17

Title VII of the Civil Rights Act of 1964

prohibits discrimination against race, color, national origin, sex, and religion

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18

Age Discrimination in Employment Act

outlaws discrimination against people older than 40 years

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19

Americans with Disabilities Act

prohibits discrimination against the disabled

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20

hired guns (e.g. stockbrokers)

high pay, low commitment

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21

cult-like (e.g. google)

high pay, high commitment

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22

workers as a commodity (e.g. migrant farm workers)

low pay, low commitment

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23

family (e.g. Starbucks)

low pay, high commitment

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24

incentive

a way to motivate an employee for the good or service provided

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25

lump-sum payment

an amount of money that does not change no matter how many hours are worked (ex. yearly salary)

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26

piece-rate payment

an amount of money paid for every unit of the good or service produced

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27

employee contract

an agreement between a business and an employee, which specifies how much the employee will be compensated in exchange for the provision of a good or service.

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