HRM Vocab

Question 1

Human Capital

Answer 1

An organization’s employees, described in terms of the training, experience, judgment, intelligence, relationships and insight

Question 2

Recruitment

Answer 2

The process through which the organization seeks applicants for potential employment

Question 3

Selection

Answer 3

The process by which the organization attempts to identify applicants with the necessary knowledge, skills, abilities and other characteristics that will help the organization achieve its goals

Question 4

Training

Answer 4

A planned effort to enable employees to learn job-related knowledge, skills and behavior

Question 5

Development

Answer 5

The acquisition of knowledge, skills and behaviors that improve and employee’s ability to meet changes in job requirements and in customer demands

Question 6

Performance Management

Answer 6

The process of ensuring that employees’ activities and outputs match the organization’s goals

Question 7

Workforce Analytics

Answer 7

The use of quantitative tools and scientific methods to analyze data from human resource databases and other sources to make evidence-based decisions that support business goals

Question 8

Human Resource Planning

Answer 8

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

Question 9

Talent Management

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

Sustainability

Answer 11

An organization’s ability to profit without depleting its resources - including employees, natural resources, and the support of the surrounding community

Question 12

Stakeholders

Answer 12

The parties with an interest in the company’s success (typically shareholders, the community, customers and employees)

Question 13

Job Specifications

Answer 13

A statement of the essential parts of a particular job - includes duties to be performed and knowledge, skills and abilities (KSA)

Question 14

Job Description

Answer 14

Lists the Tasks, Duties and Responsibilities of a job (aka Essential job functions)

Question 15

Position Analysis Questionnaire

Answer 15

Standardized job analysis questionnaire containing questions about work behaviors, conditions and job characteristics

Question 16

Record Retention

Answer 16

Under federal law, companies are required to keep::
Application for 1 year
Timecards for 2 years
Payroll & Benefit info for 3 years
OSHA records for 5 years
FMLA info for 6 years

Question 17

Strategic Planning

Answer 17

The process by which the key stakeholders of an organization envision its future and develop a mission, objectives, and procedures to achieve that future

Question 18

Mission Statement

Answer 18

A declaration of the company’s core purpose

Remains unchanged

Question 19

Vision Statement

Answer 19

A statement that describes what the company would like to accomplish/achieve in the mid-long term future

Question 20

Values Statement

Answer 20

A statement that communicates the organization’s top priorities and core beliefs to customers and employees

Question 21

Core Competency

Answer 21

A unique capability or advantage that differentiates the organization from its competitors

Question 22

Traditions

Answer 22

Beliefs, stories, actions related to the past that are widely commonly accepted