Exam 1 (Chapter 1-4) Flashcards
The policies, practices, and systems that influence employees’ behaviors, attitudes, and performance
Human Resource Management
Cash, equipment, technology, and facilities
Capital
The employee characteristics that can add economic value to the organization
Human capital
When an organization is better than competitors at something and can hold that advantage over a sustained period of time
Sustainable competitive advantage
What are the four necessary qualities of human resources?
They are: valuable, rare, cannot be imitated, no good substitutes
An organization in which technology, organizational structure, people, and processes work together seamlessly to give an organization an advantage in the competitive environment
High-performance work system
On average, how many HR people do organizations have?
Roughly 2 HR staff persons for every 100 employees
Handing administrative tasks (ie: hiring employees and answering questions about benefits) efficiently and with commitment to quality. This requires expertise in the particular task.
Administrative services and transactions
Developing effective HR systems that help the organization meet is goals for attracting, keeping, and developing people with the skills it needs. For the systems to be effective, HR people must understand the business so it can understand what the business needs
Business partner services
Contributing to the company’s strategy through an understanding of its existing and needed human resources and ways HR practices can give the company a competitive advantage. For strategic ideas to be effective, HR people must understand the business, its industry, and its competitors
Strategic partner
The process of getting detailed information about jobs
Job analysis
The process of defining the way work will be performed and the tasks that given job requires
Job design
The process through which the organization seeks applicants for potential employment
Recruitment
The process by which the organization attempts to identify applicants with the necessary knowledge, skills, abilities, and other characteristics that will help the organization achieve its goals
Selection
A planned effort to enable employees to learn job-related knowledge, skills, and behavior
Training
The acquisition of knowledge, skills, and behaviors that improve and employee’s ability to meet changes in job requirements and in customer demands
Development
What are the top five qualities employers look for in employees
Teamwork, verbal communication, decision making/problem solving, gathering/processing information, and planning/prioritizing
The process of ensuring that employees’ activities and outputs match the organization’s goals
Performance Management
The use of quantitative tools and scientific methods to analyze data from human resource databases and other sources to make evidence-based decisions that support business goals
Workforce Analysis
Identifying the numbers and types of employees the organization will require to meet its objectives
Human Resource planning
A systematic, planned effort to attract, retain, develop, and motivate highly skilled employees and managers
Talent Management
Collecting and using data to show that human resource practices have a positive influence on the company’s bottom line or key stakeholders
Evidence-Based HR
An organization’s ability to profit without depleting its resources, including employees, natural resources, and the support of the surrounding community
Sustainability
Typically the organizations stakeholders include:
shareholders, the community customers, and employees