Chapter 9: Human Resource Management Flashcards
Human resource management (HRM)
The activities managers perform to plan for, attract, develop, and retain a workforce
Strategic human resource management
The process of designing and implementing systems of policies and practices that align an organization’s human capital with its strategic objectives
Human capital
Economic or productive potential of employee knowledge, experience, and actions
Social capital
Economic or productive potential of strong, trusting, and cooperative relationships
Talent management
Approach to strategic HRM that matches high-potential employees with an organization’s most strategically valuable positions
High-performance work system (HPWS)
Approach to strategic HRM deploys bundles of internally consistent HR practices in order to improve employee ability, motivation, and opportunities across the entire organization
Recruiting
The process of locating and attracting qualified applicants for jobs open in the organization
Internal recruiting
Hiring from the inside, or making people already employed by the organization aware of job openings
External recruiting
Attracting job applicants from outside the organization
Employee referrals
Tap into existing employees’ social networks to fill open positions with outside applicants
Boomerangs
Former employee who return to the organization
Person–job (P–J) fit
The extent to which a worker’s competencies and needs match with a specific job
Selection process
The screening of job applicants to hire the best candidate
Legal defensibility
The extent to which the selection device measures job-related criteria in a way that is free from bias
Reliability
Degree to which a test measures the same thing consistently, so that an individual’s score remains about the same over time, assuming the characteristics being measured also remain the same
Validity
Extent to which a test measures what it purports to measure and extent to which it is free of bias
Unstructured interviews
Interviews in which the interviewer asks probing questions to find out what the applicant is like
Structured interviews
Interviews in which the interviewer asks each applicant the same questions and then compares the responses to a standardized set of answers
Situational interview
A structured interview in which the interviewer focuses on hypothetical situations
Behavioral-description interview
Type of structured interview in which the interviewer explores what applicants have done in the past
Employment tests
Tests legally considered to consist of any procedure used in the employment selection process
Assessment center
Company department where management candidates participate in activities for a few days while being assessed by evaluators
Compensation
Payment comprising three parts: wages or salaries, incentives, and benefits
Base pay
Consists of the basic wage or salary paid employees in exchange for doing their jobs