Chapter 1 midterm

Question 0

What is human capital and the assets.

Answer 0

Human capital is the collective values of capabilities, knowledge skills and capabilities, life experiences, and motivation of a workforce.

Physical: buildings land furniture computers equipment…
Financial: cash, financial resources, stocks, bonds, or debt
Intellectual: specialized research,patents,designs, info systems copyright ex. (CIS model)
Human: talents, capabilities, experience, professional expertise

Question 1

What is Human resource management

Answer 1

Formal systems in an organization to manage human talent for accomplishing organizational goals.

Question 2

What is a core compentacy

Answer 2

A unique capability of an organization that creates high value for company success.

Question 3

HR management is designing formal systems to manage people in an organization. What are the formal systems?

Answer 3

The functions take place influenced by external factors such as: global, environment, cultural/environmental, political legal etc.

Hr functions are 
Strategic and planning 
Equal employment opportunity
Staffing
Talent management
Rewards 
Risk management and worker protection
Employee and Labor Relations

Question 4

What is an expatriate

Answer 4

A citizen of one country who is working In a second country employed by an organization headquartered in the first country

Question 5

Host country national

Answer 5

A citizen of one country working in that country and employeed by an organization headquartered in a second country

Question 6

Third country national

Answer 6

A citizen of one country who is working in a second country and employed by an organization headquartered in a third country.

Question 7

The strategic role of hr means that

Answer 7

HR is proactive in addressing business realities focusing on future business need and understanding how the need for human capital fits into those plans and need.

Question 8

What are the HR systems

Answer 8

Who you have
Who you need
Sourcing
Selection (involves tests and interview based behavior )
Retention (pay, total compensation, incentives, bonus)
Employee experience
Business systems
Employee relations ( how to handle progressive discipline, perf. Feedback
Technology