Chapter 1 Flashcards
Human Resources Management (HRM) is defined as
The management of people in organizations to drive successful organizational performance and achievement of the organization’s strategic goals
HRM involves ______ and _________ HRM systems (such as recruitment, performance appraisal, and compensation)…
Formulating and Implamenting
Human Capital is
The Knowledge, education, training, skills and expertise of an organizations workforce
What are three HR practices
– profit sharing, results-oriented performance appraisal, and employment security) have strong relationships with important accounting measures of performance (return on assets and return on equity)
Specific management is
The scientifically analyzing manufacturing processes, reducing production costs and compensating employees based on their performance levels
Human Resources Movement is
– A management Philosophy focusing on concern for people and productivity
What is Employee Engagement?
the emotional and intellectual involvement of employees in their work, such as intensity, focus, and involvement in his or her job and organization
HR professionals play a large role in lowering _____ _______
Labour Costs!!!
HR professionals significantly contribute to strategy by…….
integrating internal stakeholder and external stakeholder expectations
HR specialists are expected to be _______ _______ - Specialists who lead the organization and its employees through organizational change
Change Agents
Environmental Scanning is success
Identifying and analyzing external opportunities and threats that may be crucial to the organizations
Metrics are…
Statistics used to measure activities and results
Balanced Scorecard is
a measurement system that translates an organization’s strategy into a comprehensive set of performance measures
Productivity is defined as…
the ratio of an organization’s output’s (goods and services) to its inputs (people, capital, energy, and materials)
Jobs in the Primary Sector would consist of?
Jobs in agriculture, fishing and trapping, forestry and mining