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
_________ organizations meet their needs by minimizing their environmental impact, providing high quality products and services, ensuring workplace safety, offering fair compensation, and delivering an adequate return to investors
Sustainable
The parties with an interest in the company’s success (typically shareholders, the community, customers, and employees)
Stakeholders
The fundamental principles of right and wrong
Ethics
People have the right to be treated only as they knowingly and willingly consent to be treated (ex: employees know the job they are hired to do; the employer does not deceive them)
Right of free consent
People have the right to do as they wish in their private lives, and they have the right to control what they reveal about private activities
Right of privacy
People have the right to refuse to do what violates their moral beliefs, as long as these beliefs reflect commonly accepted norms
Right of freedom of conscience
People have the right to criticize and organization’s ethics if they do so in good conscience and their criticism does not violate the rights of individuals in the organization.
Right of freedom of speech
If people believe their rights are being violated, they have the right to a fair and impartial hearing
Right to due process
All people willing and able to work
Labor force
An organization’s workers - its employees and the people who have contracts to work at the organization
Internal Labor Force
Individuals who are actively seeking employment
External Labor Force
Organizations that have the best possible fit between their social system (people and how they interact) and technical system (equipment and processes)
High-Performance Work Systems
Employees whose main contribution to the organization is specialized knowledge, such as knowledge of customers, a process or a profession
Knowledge workers
Giving employees responsibility and authority to make decisions regarding all aspects of product development or customer service
Employee Empowerment
The assignment of work to groups of employees with various skills who interact to assemble a product or provide a service
Teamwork
Full involvement in one’s work and commitment to one’s job and company
Employee engagement
Weaving the development process more tightly into the organization’s activities and strategies
Agile
The company’s plan for meeting broad goals such as profitability, quality, and market share
Strategy
A companywide effort to continually improve the ways people, machines, and systems accomplish work
Total Quality Management
A complete review of the organization’s critical work processes to make them more efficient and able to deliver higher quality
Reengineering
The practice of having another company (a vendor, third-party provider, or consultant) provide services
Outsourcing
Moving operations from the country where a company is headquartered to a country where pay rates are lower but the necessary skills are available
Offshoring
Employees who take assignments in other countries
Expatriates
A computer system used to acquire, store, manipulate, analyze, retrieve, and distribute information related to an organization’s human resources
Human Resource Information System (HRIS)
The processing and transmission of digitized HR information, especially using computer networking and the Internet
Electronic Human Resource Management (e-HRM)
Refers to arrangements in which remote server computers do the user’s computing tasks
Cloud computing
A network that uses internet tools but limits access to authorized users in the organization
Intranet
System in which employees have online access to information about HR issues and go online to enroll themselves in programs and provide feedback through surveys
Self-Service
A display of how the company is performing on specific HR metrics
Dashboard
A description of what an employee expects to contribute in an employment relationship and what the employer will provide the employee in exchange for those contributors
Psychological Contract