Exam I Flashcards
What are the two roles brought up in the SHRM video on HRs role in a business?
Find, keep, grow
Head of HRs seat at the table
HR of the past
Cost center
Paper pushers
Eats company profit
HR in the present
Creates capital by managing human capital
Deploys talent to reach company goals
HR is center of productivity
Grows company profit!
What’s the HR Managers biggest challenge?
Control!
They have no control over productivity, job satisfaction, turnover, or absenteeism
What are the two things HR has control over?
Culture + working conditions = best place to work
Create conditions that foster employees; want them to want to work and be efficient
HR strategy: then vs. now
Reactive to Proactive!
Administrator to strategic partner!
The main HR strategy
Create a competitive advantage!
Sitting at the table to reach goals set in the strategic plan for the company
Def: competitive advantage
What a company does well, can not be easily replicated, and makes us money
4 main goals of strategic HRM
- Encourage through motivation
- Provide leadership
- Perform environmental analyses
- Make organizational changes to improve overall job satisfaction
What’s the end result of Strategic HRM?
Employee engagement = increased productivity = job satisfaction = lowers absenteeism and employee turnover
Human Resources is now referred to as….
Human Capital Management = value of people and managing them
HR is not labor intensive, but…
Technology intensive
What we do is knowledge work
Basic HR equation
Increased skill competition to hire and retain employees with the right skills, at the right time, and at the right place
Diversity
Inclusion not differences
What experiences can you bring to help the whole group
Cultural flexibility required for changing workplace demographics
4 types of cultural flexibility
- Generational differences (4 in the workplace)
- Affinity groups (clubs/ nationality to feel @home)
- Work styles
- Abilities vs. disabilities
9 parts to the SHRM Competency Model
Communication HR expertise Global/cultural effectiveness Relationship management Business acumen Leadership and navigation Ethical practice Critical evaluation Consultation
What to you need to do to be SHRM certified?
This curriculum
1 year of work experience
Take your test
Line management
Hiring managers
Create and maintain the process and people who create what the business sells
Staff management
HR managers
Advise line management on staff related issues
HR manger responsibilities: disciplines within HR
Legal Staffing/talent Training and development Employee relations Labor and industrial services Compensation and benefits (rewards) Safety and security Ethics and sustainability
Key to professional liability
Encourage your line managers (hiring managers) to seek HR help BEFORE making decisions
Anyone with a decision making role can be sued if a worker feels their rights have been violated
THIS IS WHY EMPLOYMENT LAW IS IMPORTANT
“Smart companies….”
“…realize the potential in their people.”
What is the external environment?
influences from outside of the organization that managers can NOT control
What do you need to know about the external environment?
- Know your customers
- What are the characteristics of the labor force - always changing
- Employees are stakeholders in a company so you need to always communicate their value
What is the internal environment?
influences and factors within an organization that managers can control
What are some examples of the internal environment?
strategy
culture
structure
Def: Strategy
Looking at external environment and internal environment in order to achieve a strategic advantage for the company
What are the 3 strategic questions?
- what is our present situation?
- where do we want to go?
- how do we plan to get there?
(people help us to achieve our goals)
Def: Vision
what the organization plans to become at a particular point in time
“what will we look like in the future?”
Def: Mission
Specific expectations of what the organization will do in order to realize their vision
“How do we make our money?”
What does vision + mission do for the organization?
focuses on the direction for the organization and the people within in to reach goals
HRM and cost leadership
Maximizing employee efficiency and effectiveness through highly specified jobs that require people to repeat the same task
HRM and differentiation
Maximize employee flexibility and adaptability through jobs that require many tasks/changing tasks
Strategy needs to be…..
Fluid so it can change when change is needed
Being proactive = success