Chapter 1 Flashcards
Human Resource Management in Organizations
Define Human Resource Management
Designing formal systems in an organization to manage human talent for accomplishing organizational goals.
Define Core Competency
A unique capability that creates high value for a company.
Define Human Capital
The collective value of the capabilities, knowledge, skills, life experiences, and motivation of an organization’s workforce.
What are four types of assets organizations need to manage to be successful?
Physcial Assets: Buildings, land, furniture, computers, vehicles, equipment
Finaicial Assets: Cash, Finaicial resources, stocks, bonds, debt
Intellectual Property assets: Specialized research capabilities, patents, information systems, designs, operating processes, copyrights
Human Assets: Indiviguals with their talents, capabilities, experience, professional expertise, relationships
Define Productivity
Measure of the quantity and quality of the work done, considering the cost of the resources used
Define unit labor cost:
Computed by dividing the average cost of workers by their average levels of output
What are four ways HR can help increase employee productivity?
Organizational restructuring:eliminating layers of management, downsizing, layoffs
Redesigning work: Making changes to the way work gets done
Aligning HR activities: Ensuring HR practices are inline with organizational efforts to improve productivity
Outsourcing Analyses: HR considers cost benefit assessments on overall impact of outsourcing
Expalin Organization Restructuring
Revising organizational structure
Reducing staff
Aiding in mergers and Aquisitions
Explain Redesigning work
Changing workloads and combining jobs
Reshaping jobs bc of technology changes
Explaing Aligning HR Activities
Attracting and retaining employes
Training, developing, and evaluating employees
Compensating employees and other HR activites
Explain Outsourcing Analysis
Using domestic vendors/contractors instead of employees
Outsourcing operations internationally.
Define Organizational Culture
Consists of the shared values and beliefs that give members of an organization meaning and provide them with rules for behavior
What are the seven HR functions?
Strategy and Planning Equal employment opportunity Staffing Talent management Rewards Risk Manement and worker protection Employee and labor relations
Explain Strategy and Planning
HR: effectiveness, metrics, technology, planning, retention
Explain Equal Employement Oppourtunity:
Compliance
Diversity
Affirmative Action
Explain staffing
Job analysis
Recruiting
Selection
Explain Talent Management
Orientation training HR developement career planning performance management
Explain Rewards
Compensation
incentives
benefits
Explain Risk Mangement and worker protection
Health and wellness
safety
security
disaster and recovery planning
Explain Employee and Labor Relations:
Employee rights and privacy
HR policies
Union/managment relations
three roles for HR departments
Administrative: Focusing on clerical administration and recordkeeping
Operational and employee advocate:managing strategies based on managament, serving as “champion” for employee issues and concerns
Strategic: helping define and implement the business strategy relative to human capital and its contribution to the porganizations results.
6 areas wher HR can be strategically helpful
Evaluating mergers and organizational compatibility
Conducting workforce planning to anticip[ate retirement
Leading site selection efforts for new facilities or transfering operations to international
Instituting HR management systems to reduce administrative duties
Identify organizational training oppourtunities that will more than pay back
Define Expatraite
A citizen of one country who is wokring in a second country and employeed by an organization headquartered in the fist country
What are 4 common challenges for Global HR?
Strategy: Companies feel their strategic plans are not transparent enough
People: Managers feel that transfering lessons from one country to another is not sufficiently effective at recruiting, training, developing
Complexity: Complexity arises as standardization of processes clashes with local needs
Risk: Emerging markets show a new risk that may not have been known during analysis.
