Hr Exam 1 Chapter 1 Intro

Question 1

What is Human Resources Management?

Answer 1

The policies, practices, and systems that help managers leverage human capital to achieve organizational results.

Question 2

What are the 3 different roles of HR?

Answer 2

-Administrative services
day-to-day activities e.g. hiring employees

-Business Partner Services
developing systems that help org meet goals
HR must understand the business in order to understand the business needs

-Strategic Partner
align org goals with HR goals
Has a seat at the table

Question 3

How does HRM contribute to a company’s strategy?

Answer 3

-Can make sure the organization can reach its goals and objectives (mission)
HR function only adds value when it’s oriented towards reaching those goals

-Compare where the organization is currently to some competitive state
must measure its effectiveness in terms of business competitiveness

-Define those differences. i.e. where we are compared to where we want to go

-Determine what is require to make the change to reach the desired state
create HR initiatives that align with those goals

Question 4

What makes up the HRM strategy formulation?

Answer 4

-Mission
purpose

-Values
strongly held beliefs; what the company stands for
attracts a certain type of people
shows employees how to act
lays groundwork for culture

-Vision
creates value in people’s lives
attracts given people
not measureable 
where the company see themselves going

-Goals
desired end point

-SWOT Analysis
Strengths, Weaknesses, Opportunities, Threats
See Audi example from class

Question 5

Why does HRM matter?

Answer 5

• contributes to firm performance i.e. impact financial indicators such as market value
• Game plan for competitive advantage
• businesses rely on people
• all managers are involved in HR

Question 6

How does HR create a Sustainable Competitive Advantage?

Answer 6

• valuable - HR becomes a value-creator & provides needed services
• Rare - HR with needed skills and knowledges are rare
• HR cannot be imitated - have to figure out HOW employees are providing an advantage
• HR has no good substitutes - people are the key

Question 7

Why is Hr Important

Answer 7

• Effects financial profits
• Provides structure, guidelines (gameplay)
• All organizations need people
• Competitiveness- Increase production in volume

Question 8

Hr Planning

Answer 8

identifying the numbers and types of employees the organization will require to meet its objectives.

Question 9

Talent Manager

Answer 9

a systematic, planned effort to attract, retain, develop, and motivate highly skilled employees and managers.

Question 10

Evidence based HR

Answer 10

Collecting and using data to show that human resource practices have a positive influence on the company’s bottom line or key stakeholders.

Question 11

Ethical Companies act accordingly to four principles

Answer 11

• Mutual benefits
• Assume responsibility
• Sense of purpose
• Fairness

Question 12

Job Analysis

Answer 12

Process of getting detailed information about jobs

Question 13

Job Design

Answer 13

Process of defining the way work will be performed and the tasks that a given job requires

Question 14

Employee Rights

Answer 14

• Right of free consent
• Right of privacy
• Right of freedom on conscience
• Right of freedom of speech
• Right to due process

Question 15

Sustainability

Answer 15

Profit without depleting resources