1 Flashcards
What is HRM?
Policies, practises, and systems that influence employees’: behavior, attitudes, performance.The concept implies that employees are resources of the employer.
What is Human capital?
An organisation’s employees described in terms of their: training, experience, judgement, intelligence, relationships, insight.
How can an organization succeed?
An organization can succeed if it has sustainable competitive advantage.
What are the advantages of HR?
Valuable, HR with needed skills and knowledge sometimes are rare, HR cannot be imitated, HR have no good substitutes.
What are the high performance work practises?
HR practises that SHRM theorists consider performance enhancing, impact on employee skills and organisational structures, impact on employee motivation.
What are the positive impacts of HPWPs?
Intermediate employee outcomes, short and long term measuresof corporate financial performance.
What are high performance work systems (HPWS)?
An organisation in which technology, organisational structure, people, and processes all work together to give an organization an advantage in the competitive environment.
What is job analysis?
The process of getting detailed information about jobs.
What is job design?
The process of defining the way work will be performed and the tasks that a given job requires.
What is recruitment?
The process through which the organisation seeks applicants for potential employment.
What is selection?
The process by which the organisation attempts to identify applicants with the necessary knowledge, skills, abilities, and other characteristics that will help the organisation achieve its goals.
What is training?
A planned effort to enable employees to learn job-related knowledge, skills, and behaviour.
What is development?
The acquisition of knowledge, skills, and behaviours that improve an employee’s ability to meet changes in job requirements and in customer demands.
What is performance management?
The process of ensuring that employees’ activities and outputs match the organisation’s goals. The human resource department may be responsible for developing or obtaining questionnaires and other devices for measuring performance.
What is the planning pay & benefits?
How much to offer in salary and wages; how much to offer in bonuses, commissions, and other performance-related pay; which benefits to offer and how much of the cost will be shared by employees.