ch. 1 Flashcards
- human resource management (HRM)
is the the process of managing human talent to achieve an organizations objectives
◦ risk management involves
creating and administering health and safety programs, ensuring health and safety compliance, and other health related matters
HRIS
◦ human resources information systems (HRIS) specialist
◦ managers play a key role in …
selecting, training, motivating, appraising, and promoting employees
- many businesses people with great business strategies, business plans, and products and services fail, why?
because they do not fully grasp the importance of CRM
◦ human capital -
means the economic value of employees knowledge, skills, and capabilities
HRSP
Human resource planning society
◦ the main challenge for HR leaders during covid include
creating business continuity plans, administrating flexible work arrangements, handling employee communications, supporting employees with issues pertaining to workplace policies, execution of preventive measures, and revisiting preexisting welfare policies
- six sigma -
a set of principals and practices whose core ideas include understanding customer needs, doing things right the first time, and striving for continuous improvement
- reengineering -
the fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in cost, quality, service, and speed
- downsizing -
planned eliminations of jobs
- outsourcing -
contacting out work that was formerly done by employees
change management -
is a systematic way of bringing about and managing both organizational changes and changes on the individual level
◦ reactive changes -
changes that occur after external forces have already affected performance
◦ proactive changes -
changes initiated to take advantage of targeted opportunities
forward thinking compaines
- forward thinking companies promote and develop their HR personal and provide them with key business statistics and numbers they can use to measure the effectiveness of the workforce
what are HR managers responsible for
HR managers are responsible for listening to advocating on behalf of employees to make sure their interest are alined with those of the firm and their right s are respected.
‣ globalization -
the trend to opening up foreign markets to international trade and investments
examples of companies globalizing
◦ partnerships and mergers are another way companies are globalizing
what is GATT
general agreement on tariffs and trade (GATT)
‣ the first major trade agreement of the 20th century was made in 1948 after WWII
- corporate social responsibility (CSR) -
the responsibility of the firm to act in the best interest of the people and communities affected by its activities
◦ sustainability -
doing business in a way that does as little harm to the environment and depletes as few natural resources as possible
◦ being completely sustainable is nearly impossible but companies are making strides to reduce their “carbon footprints”
- green human resource management (GHRM) -
is a rapidly growing phenomenon and refers to the unification of environmental management and HRM