AI Test Flashcards
What is the primary function of Human Resource Management (HRM)?
the strategic approach to nurturing and supporting employees and ensuring a positive workplace environment.
Define the term “job analysis.”
process of studying a job to determine which activities and responsibilities it includes, its relative importance to other jobs, the qualifications necessary for performance of the job and the conditions under which the work is performed.
What is the difference between job description and job specification?
Job description - lists out the job title, location, job summary, working environment, duties to be performed on the job, etc.
Job specification - lists out the qualifications, experience, training, skills, emotional attributes, mental capabilities of an individual to perform the job.
Explain the concept of “recruitment.”
the process of actively seeking out, finding and hiring candidates for a specific position or job.
What are the internal sources of recruitment?
Promotion, Transfer, Demotion, Former employees, Job posting and sustainability
List three external sources of recruitment.
Job portals and websites
Print media
Recruitment agencies
Campus recruitment
Job fairs
Employee referrals
Social media
Networking
What is the purpose of an employee orientation program?
to train and enlighten new employees about their roles and company policies.
Define “training” in the context of HRM.
a system of educating employees within a company.
What is the difference between training and development?
Timing
Explain the term “performance appraisal.”
A process for evaluating and documenting how well an employee is carrying out his or her job.
What are the common methods of performance appraisal?
Management by Objectives (MBO)
360-Degree Feedback
Assessment Centre Method
Behaviorally Anchored Rating Scale (BARS)
Psychological Appraisals
Human-Resource (Cost) Accounting Method
Define “compensation.”
Monetary payment given to an individual in exchange for their services.
Explain the difference between direct and indirect compensation.
Direct compensation is the most commonly recognized form of payment. In contrast, indirect compensation refers to the other types of compensation that employers can offer aside from cash.
What is a “salary survey” and why is it conducted?
A research study that collects and analyzes data on wages and salaries.
Define “employee benefits.”
any kind of tangible or intangible compensation given to employees apart from base wages or base salaries