All chapters Flashcards
Consist of all people who perform its activities
Human resources
Personnel policies and managerial practices that influence the workforce (organizational activities dealing with its people)
Human Resource Management
What are the main objectives of HRM?
To get, keep and grow talents
A social unit of people, systematically structured and managed to meet a need or to pursue collective goals on a continuing basis
Organization
Determining people needed
Organizational design
Obtaining good people
Staffing
Making them better
Training
Motivating them
Performance appraisal and compensation
_______ is a better predictor of employee performance than intelligence.
Conscientiousness
Companies that screen job applicants for values have ____ performance than those that screen for intelligence
higher
T/F: Integrity tests don’t work well in practice because so many people lie on them.
True
Aligning people and tasks to the mission, goals, and strategic plans of the organization.
Organizational design
Recruitment, selection, promotion, and termination
Staffing
Assessing individual and unit performance
Performance management and appraisal
Fostering, and maintaining employee skills based on organizational and employee needs.
Employee training and organizational development
Compensation: Pay, rewards, or benefits available to employees
Reward systems, benefits and compliance
The process of linking the human resource function with the strategic objectives of the organization in order to improve performance
Strategic HRM
Focuses on internal HR issues, often separated from other business activities
HRM
focuses on long-term objectives, overall organizational goals; there is clear/explicit linkage between HRM policies and practices and organizational performance, goals and environment
SHRM
HR practices that have been shown to have a significant effect on corporate (financial) performance
High-performance work systems (HPWS)
How can organizations determine if HRM contributes to organizational success?
Measurement
Ensuring all outcomes of importance to organizations are measured/quantified
Management by measurement
The ability of an organization to formulate strategies that place it in a more favorable position relative to the other companies in the industry
Competitive advantage
What are the two major principles that describe the extent to which a business has competitive advantage?
Customer value and sources of uniqueness