First Exam Flashcards
An arrangement that allows two or more individuals to split a traditional 40-hour-a-week job is called
job sharing
centralized is
standarized
decentralized is
allowing the bussiness sectors to come up with their own strategies
matrix model is
mixing centralized and decentralized
BASF lecture?
job design, jobs were being changed, focusing on strength
What describes an employees KSAOs? What is KSAOs?
Human Capital, which is owned by employees; Knowledge, Skills, Abilities, Other attributes
Planned elimination of jobs is…
Downsizing
Outsourcing is…
Hiring someone outside the company to perform business processes that were previously done within firm
——– this involves shifting work to locations abroad
Offshoring or Global Sourcing
What are Knowledge workers?
Workers whose responsibilities extend beyond physical execution of work include planning, decesion-making and problem-solving
————– computerized system that provides current and accurate data for purposes of control and decision making
Human Resources Information System
What is nearshoring?
When a firm relocates jobs abroad to nations closer to its domestic market
This occurs when a firm relocates jobs abroad back to its domestic market…
Homeshoring
What is furloughing?
A situation where an organization ask/demands employees to take time off with reduced pay or no pay
———— process of dismissing employees who are then hired by a leasing company and contracting with that company to lease back employees
Employee leasing
What is Employee engagement?
The extend to which employees are enthused about their work and committed to it
Non HR managers who are responsible for overseeing the work of other employees…
Line managers
What is Human Resource Management?
The process of manging human captial to achieve an organization’s objectives; HR is there to facilitate organization goals
What is “anything company owns”?
Physical Capital
What is Retention?
who to keep for the job
HR specialist deal with what types of management?
Performance and Compensation
What is Efficiency?
Cut cost or increase productivity
What is the HRM function that is all contained at headquarters and uses the same strategy for all parts of the company?
Centralized HRM
What HRM embeds different practice into each business unit and makes it more person?
Decentralized HRM
What HRM makes “someone else do it”?
Outsourced HRM
What is a mix of HRMs?
Matrix HRM
What influences on the structure of the HRM function?
Globalization, Business strategy, technology
What are Centers of Expertise?
Means different stores are experts in different thing
What is Embedded HR?
To make something more efficient
What is Corporate HR?
Training and development that pushes corporate objective; oversees Embedded and centers of expertise . If they can’t solve the problem, company outsourced.
————- procedures making decisions about organization long term strategies and goals
Strategic planning
———— process of anticipating and providing for the movement of people into, within, and out of an organization
Human Resource planning
———— pattern of human resources deployment and activities that enable an organization to achieve its strategic goals
Strategic human resources managment
Strategic vision…
where the company is going in the future
HR managers help embody firm’s mission thru….
communicating them frequently, recruiting employees whose values are consistent with organization, translating mission into specific on the job behaviors
Environmental scanning is….
systematic monitoring of the major external forces influencing the organization
What is a business environment?
external factors in general environment that a firm cannot directly control but that can affect its strategy
What are forces that generally affect most firms such as the economy and technological, demographic, and legal regulatory changes..?
Remote environment
A competitive environment is…
consists of firms specific industry, including the industries customers, rival firms, new entrants, substitutes (biggest threat), and suppliers.
What are abilities that distinguish an organization from its competitors and create value to customers?
Core capabilities-processes (standard routine for how work should be done), systems, people
What is value creation?
value= benefits - costs
Company can sustain a comparative advantage through people if….
resources are valuable, rare, difficult to imitate, organized
What is culture audit?
audits of the culture and quality of work life in an organization
Business strategy is….
a plan that outlines an organization’s objective scope, and approach to achieving a sustainable competitive advantage