Ch 1: The Strategic Role of Human Resources Management Flashcards
what is an organization?
a group of people with formally assigned roles who work together to achieve the organization’s goals
what do managers do?
- accomplishes the organization’s goals by managing the efforts of the organization’s people
- perform management process of planning, organizing, staffing, leading, and controlling
describe human resources management (HRM)
management of people in organizations to drive successful organizational performance and achievement of organization’s strategic goals
what is human resource management responsible for?
- finding and hiring the best individuals available
- developing their talent
- creating a productive work environment
- continually building and monitoring the human assets
what is a stretegic plan?
how the company will match internal strengths and weaknesses with external opportunities and threats to maintain a competitive position
what is a strategy?
course of action a company pursues to achieve its strategic aims
what is stretegic management?
the process of identifyinf and exectuting the strategic plan
what is human capital?
the knowledge, education, training, skills, and expertise of an organization’s workforce
what does knowledge-based economy require?
acquisition and development of superior human capital for profitability and success
what does high performance HR practices have?
a positive relationship with productivity and financial performance
what are some mistakes managers don’t want to make?
- hire the wrong person for the job
- experience high turnover
- have employees work below performance expectations
- waste time with useless interviews
- face discrimination lawsuits
- pay unfair salaries relative to peers in the organization
- allow lack of training to undermine effectiveness
- commit any unfair labour practices
what were set up by the 1900s?
“hiring offices”, training programs, and factory schools
what expanded the role of HR in the 1930s?
union laws
what made employers more reliant of personnel management in the 1970s and 1980s?
equity-oriented laws
what made gaining competitive edge through engaged employees increasingly important in the 1980s?
globalization
what resulted in outsourcing many operational HR activities in the 1980s and 1990s?
technological advances
what are the roles of the senior manager?
- highlight core job requirements found in non-HR roles
- evidence that HR skills permeate throughout the organization
- all managers need basics of HR management skills
what does the new HR manager do?
- defends HR plans in measurable terms
- understands strategic planning, marketing, production, and finance
- implements organizational changes
- drives employee engagement
- redesigns organizational structures and work processes
- serves as subject-matter expert or in-house consultants
- needs to have broad-based business knowledge and skills
what are other HR configurations in use today?
- transactional HR teams
- embedded HR teams
- relationship managers
- centres of expertise
what is the purpose of evidence-based HRM?
- make decisions based on data, facts, analytics, scientific rigour, critical evaluation, and research
- using the best-available evidence in making decisions
- make the value and impact of human capital and HRM practices
- use metrics to measure activities and results
- provide critical information that can be linked to organizational outcomes such as productivity, market share, and profits
what are strategy maps?
summarizes how each depertment’s performance contributes to achieving the company’s overall strategic goals
what is the purpose of a balanced scorecard?
- translates the organization’s strategy into a comprehensive set of performance measures
- financial measures tell the results of actions already taken
- operational measures drive future performance
- balance long-term and shorter, actions related to financial results, customers, business processes, and human capital management
what is a digital dashboard?
presents managers with desktop graphs and charts, showing a computerized picture of how the company is doing
what are characteristics of a profession?
- common body of knowledge
- benchmarked performance standards
- representative professional association
- external perception as a professional
- code of ethics
- required training credentials
- ongoing skills development
- maintenance of professional competence