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Cards In This Set
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Definition: historically known as personnel management, deals with formal systems for managing people at work.
human capital | human resources management (HRM) | job analysis| recruitment | selection | |
Human resources management (HRM)
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What are the four strategic impact of human resources? CRIO
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Creates value
is rare difficult to imitate is organized |
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How is value created as one of the strategic impact of HR?
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Efforts to decrease costs or provide something unique to customers or some combination of the two. i.e. empowerment programs, total quality initiatives, and continuous improvement efforts.
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How "is rare" a strategic impact of HR?
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Companies recognize the rareness and value of certain employees.
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"Difficult to imitate" is a strategic impact of HR. How?
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People come as a source of competitive advantage; unique culture of employees, which is difficult to imitate.
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"Organized" is a strategic impact of HR. How?
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Teamwork and cooperation ensures an organized workforce.
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Organizations are recognizing their success depends on?
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What people know (knowledge and skills).
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Managing human capital to sustain a competitive advantage is perhaps ____________________________
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The most important part of an organization's HR function
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The HR planning process occurs in three stages of: planning, programming, and implementing
True or False |
False; planning, programming, and evaluating.
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The ____________ stage of the HR planning process consists of HR managers need to know the organization's business plans to ensure that the right number and types of people are available.
programming | planning | evaluating | implementing |
Planning
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_________ stage of HR planning: recruitment, training and layoffs take place; company's plans are implemented.
programming | planning | evaluating | implementing |
Programming
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______________ stage of HR planning: determine whether HR activities are producing the results needed to contribute to the organization's business plans.
programming | planning | evaluating | implementing |
Evaluating
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Demand forecasts for people needs are derived from _________________________.
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Organizational plans
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The most difficult part of human resources planning is conducting:
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Demand forecasts (determining how many and what type of people are needed).
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The demand for highly qualified employees is not outpacing supply. True or False
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False; highly qualified employees is outpacing supply.
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