Human Resource Management Flashcards
What is strategic HRM concerned with?
How HRM is critical to organizational success.
What is included in staffing?
HR-planing: assessing future supply of and demand for Hr and eliminate gaps between supply & demand
Recruitment: get good quality job candidates to fill organizational needs for talent
Selection: matching organizational and individual needs, hiring qualified people etc.
What are the 3 objectives of performance appraisal?
Strategic objective: link individual job behaviors to strategic objectives
Development objective: improve performance, motivation & skill development & identify individual potential
Administrative objective: compensation & placement decision & evaluate personnel selection & training effectiveness
What is the purpose of training, development and planning?
To improve productivity Orientation of new employees Development of skills for present and future Improve communication Improve commitment and reduce turnover Adaptation to new competitive conditions
What are the objektives of the HRM function?
Efficiently employing workforce skills & abilities
Providing well trained & well motivated employees
Increasing employees job satisfaction
Achieved quality of work life
Communications HRM policies
Managing change
What is the purpose of compensation?
Attract and retain qualified personnel
Motivation
Reinforce organizational culture
Maintain products or services market competitiveness
What are the differences between domestic vs. international HRM?
More HR activities: ex: international relocation & orientation
Broader perspective: employees of various nationalities working together
More involvement in employees personal lives
Broader external influences: type of government, taxation, Codie’s of conduct etc.
What are the external factors influencing global workforce management?
Economy: economic crises, exchange rates etc.
Social preferences: national cultures etc.
Competition
Demographics: facing different employee segments etc.
Innovation
Governments: monitoring labor practices etc.
Intergovernmental organizations
Employee interest organizations: labor unions etc.
What are some internal company factors influencing workforce management?
Company culture: tight vs. loose
Company climate: overall satisfaction of the workforce
Strategy and structure: workforce management practices must be consistent with corporate strategy and organizational structure
What are the 3 components of a global mind-set?
- Intellectual capital: knowledge of international business and capacity to learn
- Psychological capacity: openness to different cultures and capacity to change
- Social capital: ability to form connections, bring people together and influence stakeholders
What are some factors that needs to be monitored in global work arrangements?
Labor market characteristics: at country or regional level
Governmental policies or pressures: protectional policies
Global competition: best practices to be able to attract talented and motivated workforce
Cross national cooperation or conflict
What are some alternative forms of international work arrangements?
Expatriate assignments: early stages of business expansion
Inpatriate assignments: foreign managers to HQ intermediate or advanced levels of internationalization
Extensive travel: early stages of business development
Short-term foreign assignments: few months to one year
Virtual expatriate assignments: short travel trips w virtual interactions
