Chapter 1 Flashcards
Designing formal systems in an organization to manage human talent for accomplishing organizational goals
Human resource management
A unique capability that creates high value for a company
Core competency
The collective value of the capabilities, knowledge, skills, life experiences, and motivation of an organizations workforce.
Human capital
A measure of the quantity and quality of work done, considering the cost of the resources used.
Productivity
Which is computed by dividing the average cost of workers by their average levels of output
Unit of labor cost
Consists of the shared values and beliefs that give members of an organization meaning and provide them with rules for behavior.
Organizational culture
A citizen of one country who is working in a second country and employed by an organization headquartered in the first country.
Expatriate
A person who has responsibility for performing a variety of HR activities.
HR generalist
People who have in-depth knowledge and expertise in specific areas of HR.
HR specialists
