Human Resources Management Flashcards

1
Q

What is HRM?

A

The process of determining human resource needs and thenrecruiting, selecting, developing, motivating, evaluating,compensating, and scheduling employees to achieveorganizational goals.

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2
Q

HRM’s role has grown because of?

A

Increased recognition of employees as a resource.

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3
Q

HRM’s role has grown because of?

A

Increased recognition of employees as a resource.

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4
Q

HRM’s role has grown because of?

A

Increased recognition of employees as a resource.

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5
Q

Human Resource Planning Process?

A
  1. Preparing a human resource inventory of employees.2. Preparing a job analysis.3. Assessing future human resource demand.4. Assessing future labor supply.5. Establishing a strategic plan.
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6
Q

Job analysis

A

— A study of what is done by employees whohold various job titles.

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7
Q

Job Description

A

A summary of the objectives of a job, the type ofwork to be done, the responsibilities and duties, the workingconditions, and the relationship of the job to other functions.

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8
Q

Job specification

A

A written summary of the minimumqualifications required of workers to do a particular job.

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9
Q

Contingent workers

A

Workers who do not have theexpectation of regular, full-time employment.

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10
Q

Gic economy

A

A single project or task for which a worker ishired, often through a digital marketplace, to work ondemand.

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11
Q

Contrast effect

A

Comparing one employee to other

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12
Q

Halo / horn effect

A

Check slides pls

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13
Q

Similar-to-Me Effect

A

Generosity to those youfeel are more like you.

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14
Q

Compensation

A

A main tool companies use to attract qualified employees, and oneof their largest operating costs.

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15
Q

Piecework system

A

Wage based on the number of items produced rather than by the hour or day.This type of system creates powerful incentives to work efficiently andproductively.

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16
Q

Commission plans

A

Pay based on some percentage of sales. Often used to compensate salespeople,commission plans resemble piecework systems.

17
Q

Profit-sharing plans

A

Annual bonuses paid to employees based on the company’s profits. The amountpaid to each employee is based on a predetermined percentage. Profit sharing isone of the most common forms of performance-based pay.

18
Q

Stock options

A

Right to purchase stock in the company at a specific price over a specific period.