Final Exam Pt. 2 Flashcards
HRM activities
1.Analysis and design of work
2. HR planning (how many employees are needed)
3. Recruiting
4. Selection
5. Training
6. Compensation
7. Performance management
8. Employee relations
Human Capital
an organization’s employees described in
terms of their training, experience, judgment, intelligence, relationships, and
insight.
sustainable competitive advantage
A competitive advantage that is maintained over time
HR can create sustainable competitive advantages when employees are:
- Valuable
- Rare
- Cannot be imitated
- No good substitutes (cant be subbed w/tech)
Administrative services and transactions
Handling administrative such as basic paperwork, answering questions, developing policies, and record keeping
Business partner services
HR professionals must understand the industry to adequately compete
Strategic partner
must understand the long term plans of the organization in order to meet the HR needs to accomplish that plan.
Job Analysis
The process of getting detailed information about jobs, such as its responsibilities
Job Design
The process of defining a jobs duties and how they will be done
Recruitment & Selection Definitions
Recruitment: Seeking and attracting potential employees
Selection: Identifying and choosing applicants with the required skills
Key skills employers look for
1) Problem-solving
2) Teamwork
3) Written communication skills
4) Leadership
5) Strong work ethic
Training vs Development
Training: Planned effort for employees to learn job related knowledge and skills.
Development: Acquiring knowledge and skills that improve an employee’s ability to adapt to changing job requirements and customer demands.
Planning Pay & Benefits vs Administering Pay & Benefits
1) Planning Pay & Benefits: Determine how much performance related pay to offer and whether the cost of benefits should be shared among employees.
2) Administering Pay & Benefits: Using systems to track employee earnings and benefits, informing employees about benefit plans.
Performance Management
Ensuring employees activities match the organization’s goals
Ways to manage performance
Questionnaires, peer feeback, performance reviews
Ways HR maintains positive employee relations
1) Preparing and distributing employee handbooks
2) Dealing with employee complaints
3) Negotiating union contracts
Workforce analytics
The use of quantitative tools to analyze data from HR databases to make evidence-based decisions.
Evidence-based HR
Using data to prove that HR has a positive influence on stakeholders
Stakeholders
Anyone with an interest in the company’s success (employees, customers, shareholders, community).
How does HR help an organization be socially responsible?
Creating programs for employees to engage in CSR activities, setting up fundraisers, etc.
4 Groups of HR competencies
1) Technical
2) Interpersonal
3) Business
4) Leadership
9 general HR competencies
Technical: 1) HR Expertise
Interpersonal: 2) Relationship management, 3) Communication, 4) Global and Cultural effectiveness
Business: 5) Consultation, 6) Critical Evaluation, 7) Business Acumen
Leadership: 8) Leadership and Navigation, 9) Ethics
HR Expertise
Carrying out HR functions with the most recent information and technology
Relationship management
Handling personal interactions appropriately to foster success