HRM Exam 1 Flashcards
Human Resource Management
The policies, practices, and systems
that influence employees’ behavior,
attitudes, and performance
Human capital resources
Skill, knowledge, ability of workforce
People management activities [policies and
programs]
- Acquiring, developing, placing, retaining right
people in right positions (HR planning, recruiting, selecting, training)
-Motivating and directing employee behavior;
managing conflict (Performance management, compensation, employee relations)
HR administration
Legal compliance, employment rules and
procedures, benefit admin., payroll
types of human capital
training, experience, judgement, intelligence, relationships, and insight
behavior of human capital
motivation and effort
organizational performance
quality, profitability, and customer satisfaction
impacts of HRM
types of human capital, organizational performance, and behavior of human capital
Sustainable Competitive Advantage
An organization is better than competitors at something
and can hold that advantage over a sustained period of
time
Can HR be a source of competitive advantage?
Are valuable, Are rare, Cannot be imitated, No good substitutes
internal labor force
- An organization’s workers
includes its employees and
people who have contracts
to work at the organization - Internal labor force has been
drawn from the external
labor market
external labor force
- Individuals who are actively
seeking employment - Number and kinds of people
in external labor market
determine kinds of human
resources available to an
organization
Organizations that have the best fit between:
- Social system (people and how they interact)
- Technical system (equipment and processes)
Trends in high-performance work systems
- Reliance on knowledge workers
- Empowerment of employees to make decisions
- Use of teamwork
Knowledge Workers [Service
industries]
- Main contribution to company is
specialized knowledge such as in
customers, process, or a
profession - Have a position of power
- Employers need the knowledge they
possess. Can’t just “force” people to
share and utilize knowledge in the
interest of company. - Direct “discretionary behavior”
employee empowerment
- Employees allowed to make more
decisions; they share in resulting
losses and rewards - Can lead to more innovation and
sharing of ideas - Employee engagement leads to
higher productivity, better customer
service, and lower turnover
Teamwork
- Groups of employees with various skills
work together to assemble a product or
provide a service - Links to empowerment. Teams are
empowered - Can motivate employees; makes work
more interesting
HRIS
- Computer system for managing HR information
- Automating routine HR department tasks (e.g., record-keeping; payroll; benefits admin)
- Helps HR people to think strategically (?), determine HR ROI
HR or People Analytics
The use of computers to analyze large amounts of data and offer information to guide
decisions
Artificial Intelligence (AI) can improve HR decisions
- Job analysis
- Recruiting and selection**
- Performance management
- Employee relations
People Analytics
the use of computers to analyze large amounts of data and offer information to
guide decisions