OBHR Chapter 1

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103 Terms

1
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what is human resource management

the policies, practices and systmes that influence employess’ behavior, attitudes, and performance

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what performances are included in HRM

  • analysis and design work

  • HR planning

  • recruiting

  • selection

  • training and development

  • compensation

  • performance management

  • employee relations

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Analysis and design

Job and work analysis, job descriptions

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recruitment and selction

recruiting, interviewing, testing

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training and development

orientation, skills training, development programs, and career development

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performance management

performance measures, performance appraisalsm coaching, feedback and discipline

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compensation and benefits

wage and salary administration, incentive pay, insurance, vacation, retirement plans, health and wellness

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employee/labor relations

surveys, employee handbooks, labor and employee law compliance, relocation and outplacement

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personal policies

policy creation and communication

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employee data and information systems

record keeping, Human resource management information systems (HRIS) work force analytics, social media, intranet, and internet access

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legal compliance

policies to insure lawful behavior, safety inspections, accessibility accommodations, privacy policies and ethics

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support for business strategy

HR planning and forecasting, talent managment, change management and organization development

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strategic role of HR Function - 2 important challenges

current operations and shifting their focus to future operation strategies

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shared service model

a way to organize the HR function that includes centers of expertise or excellence, service centers and business partners

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self service

giving employee online access to HR information and sercies

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Out sourcing

an organizations use of an outside organizations for a broad set of services

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Evidence based HR

demonstrating that HR practices have positive influence on the company’s bottom line or key stakeholders including customers, employees and community shareholers

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HR analytics

the practice of using data form HR databases and other data sources to make evidence Based HR decisions

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Big data

information merged from a variety of sources

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what are some big data sources

  • hr databases

  • coportate finacial statements

  • employee surveys

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HRM profession positions and jobs

  • Chief human resoirce officer

  • management development manager

  • health and safety manager

  • employee benefits manager

  • HR manager

  • mid-level labor relations manager

  • campus recruiter

  • entry level HRIS specilalist

  • entry level compensation analyst

  • entry level training specialist

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What is the salary for HR positions

53,000 - 250,000

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Compentencies and behaviors

  • HR technical expertise and practice

  • Relationship management

  • Consultation

  • Organizational leadership and navigation

  • Communications

  • Global and cultural effectiveness

  • Ethical practice

  • Critical evaluation

  • Business acumen

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Competitive challenges influencing HRM

  • sustainability

  • stakeholders

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sustainability

referts to the companys ability to meet its needs without sacrificing the ability of future generations to meet their needs

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stakeholders

various interest groups that have relationships with and whose interest are tied to the organizations

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examples of stakeholders

  • employees

  • suppliers

  • customers

  • shareholders

  • community

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Traditonally HR positions are

highly adminstrative

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HR emphasizes what educationally

professionaly trained and certified HR practitioners

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What percent of HR practitioners are certified

12%

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Who certifies HR people

SHRM and HRCI

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What is the labor force expected to do

INCREASE by 8 million

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Today, 93% of US jobs are nonagricultural wage and salary jobs; 13% are in goods producing industries; 80% in service providing industries and 1.4% in agriculture. This distribution is

not expected to change much in the next 6 years

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How many job openings are expected

46.5 million

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¾ job openings are results from what

the need to replace workers who retire or leave an occupation

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Most new jobs added between 2019 and 2029 will be in

service providing occupations

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Of the 30 fastest-growing occupations, almost half are

related occupations (such as home health-care aid, personal care aids, physicians' assistants, and nurse practitioners)

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Other occupations are

energy related or in computer and information technology.

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What educational skills are short in supply

STEM

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Digital literacy

is the ability to interpret, create, and strategically use digital information

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Knowledge workers

Employees who own intellectual means of producing a product or service

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Intangible assets in HR

  • human capital

  • customer capital

  • social capital

  • intellectual capital

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intangible assets

a type of company asset that includes human capital, customer capital, social capital and intellectual capital

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Human capital

tacit knowledge, education, work-related know how and work-related competence

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Customer capital

Customer relationships, brands, customer loyalty, distribution channels

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Social capital

Corporate culture, management philosophy, management practices, informal networking systems, coaching/mentoring relationships

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Intellectual capital

Patents, copyrights, trade secrets and intellectual property

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intangible assets

A type of company asset that includes human capital, customer capital, social capital and intellectual capital

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upskilling

is training employees to improve or expand their current skills

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reskilling

is training employees to acquire new knowledge or skills

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empowering

is giving the employees the responsibility and authority to make decisions

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learning organization

is an organization whose employees are continuously attempting to learn new things and apply what they have learned to improve product or service quality

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changed management in an organization

the adoption of a new idea or behavior by the company or firm

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agility

is the companies and their employees ability to anticipate and cause change adapt to it and take specific actions to support change

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employee engagement (EE)

the degree to which employees are fully involved in their work and the strength of their job and company commitment

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themes of EE

  • Pride in their employer

  • Satisfaction with their employer

  • Satisfaction with the job

  • Opportunity to perform challenging work

  • Recognition and positive feedback for contributions

  • Personal support from the manager

  • More than the minimum effort required to do the job

  • Understanding the link between the job and company’s mission

  • Intention to stay with the company and prospects for future growth

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employee experience

everything that influences employees daily life both inside and outside the workplace

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employees value proposition

a strategic statement that communicates the company values, how the effect employees, and how the employees experience reflects the values

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talent managment

attracting retaining developing and motivation highly skilled employees and managers

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nontraditional employment

  • Independent contractors

  • Freelancers

  • On-call workers

  • Temporary workers

  • Contract company workers

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gig economy

companies who rely on nontraditional employment to meet product and service demands

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balanced scorecard looks at a company from the perspective of

  • internal customers

  • External customers

  • Employees

  • Shareholders

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what is the goal of balanced scorecards

improve customer focus, improve the company’s competitiveness, emphasize teamwork reducing new product development and production times and manage for the long-term

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Balanced scorecard

a means of performance measurement that gives managers both an internal and external view of the company from the view of the employees, customers and stakeholders

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what do balanced scorecards focus on

different, non-traditional, critical indicators based on the strategic needs of the company

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What are balanced scorecards used for

  • linking HRM activities to the strategic goals

  • how well is the HRM function performing to expectations using key indicators like productivity people and process

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Social responsibility

Improve the company image, assists in gaining access to new markets, attracting talented employees and lower turnover

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What are the tools to emphasize customer service and quality

  • Total quality management

  • Six Sigma

  • Lean thinking

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Total quality management

continuous improvement

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six sigma

3.4 defects per million

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lean thinking

cheaper faster and better (happier employees)

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Internal labor force

current employees

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external labor market

people outside the company actively seeking work

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Aging workforce from 2019 to 202

  • 16 to 24 years 13% to 11% of the workforce

  • 25 to 54 years 64% of the workforce

  • 55 and older from 23% to 25% of the workforce

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generations in the workforce

  • traditionalist and the silent generation

  • baby boomers

  • generation x

  • millennials, generation y and echo boomers

  • present generation z

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diversification of the workforce by 2029

  • white 75%

  • african american 13%

  • asian and other ethnicites 12%

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Role of Immigration

Contributes to the diversity of the workforce with over 40 million living in the US were born in other countries

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how many immigrants were in the workforce in 2018

28 million

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diversity

is any dimension that differentiates one person from another

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equity

Fair treatment, access, equal opportunity, and advancement for all employees, while at the same time striving to identify and eliminate barriers that have prevented the full participation of some groups

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inclusion

Creating an environment in which employees share a sense of belonging, mutual respect, and commitment with others so that they can perform their best work

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Legal and ethical issues

  • Discrimination – both sexual and racial

  • Healthcare

  • Immigration

  • Ethics – Fundamental issues of right and wrong

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To successfully manage a diverse workforce, managers must develop a new set of skills including

  • Communicate effectively with employees from different cultural backgrounds

  • Coach and develop employees of different ages, educational backgrounds, ethnicities, physical abilities and race

  • Provide performance feedback based on objective outcomes

  • Create a comfortable work environment (all inclusive)

  • Recognize and respond to generational issues

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competing international markets

  • entering international markets

  • offshoring

  • reshoring

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entering international markets

  • Talent challenges

  • Cultural challenges

  • Cross-cultural training

  • Different strategies required for success

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offshoring

jobs that move from one country to another

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reshoring

moving jobs from overseas back to the united states

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competing through technology

social networking, AI, and robotics

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social networking

websites and blogs that facilitate interactions between people

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AI and robots

tech that can think like a human being

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HRIS systen

  • acquire information

  • store info

  • manipulate info

  • analyze info

  • retrieve info

  • distribute info

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cloud computing

infrastructure network that provides tech in a self service modifiable and on demand model

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hr dashboard

  • cover productivity

  • absenteeism

  • other critical factors tied to the companys strategy

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what do high performance systems maximize

the fit between social systems and technology

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what are virtual teams separated by

  • time zone

  • geographic

  • culture

  • organizational boundaries

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global challeneges

  • strategy alignment

  • shared knowledge

  • work performed by teams

  • pay systems reward skills and accomplishments

  • selection system is hob related and legal

  • flexibility is where and when work is performed

  • employee engagement is monitored

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sustainability challenges

  • lifetime learning

  • progressive discipline

  • performance management includes customer satisfaction and quality

  • skills and values of a diverse workforce are valued

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dimensions of HRM practices

  • managing the human resource environment

  • acquiring and preparing human resources

  • assessment and development of HR

  • compensating human resources

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managing the human resource environment

  • linking HRM practices to the company goals

  • HRM practices are legal

  • motivating work with focus on service and quality