Chapter 1 - HR Management In Organizations Flashcards
What does the abbreviation “KSA” stand for?
-Knowledge, skills, and abilities
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Define “Human Resource Management”.
-Designing formal systems in an organization to manage human talent for accomplishing organizational goals.
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Define “Core Competency”.
-A unique capability that creates high value for a company.
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Define “Human Capital”.
-The collective value of the capabilities, knowledge, skills, life experiences, and motivation of an organization’s workforce.
-A.k.a. “Intellectual Capital”
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What does the abbreviation “AMO” stand for in “AMO Model”?
-Ability, motivation, and opportunity.
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Define “Productivity”.
-Measure of the quantity and quality of the work done, considering the cost of the resources used.
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How are unit labor costs computed?
The average cost of workers / their average levels of output
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Define “Innovation”.
-Process whereby new ideas are generated that create value for an organization.
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Define “Organizational Culture”.
-It consists of the shared beliefs that give members of an organization meaning and provide them with rules for behavior.
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Define “Gig Economy”.
-An economy where most work is performed by freelance workers rather than full-time employees.
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Define “HR Generalist”.
-A person who has responsibility for performing a variety of HR activities.
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Define “HR Specialist”.
-A person who has in-depth knowledge and expertise in a specific area of HR.
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