For Midterm test Flashcards
Part 1: card 1-10 (Week1), 11 - 67 (week 2). Part 2:
Human resource management is the… (2)
- effective management of people at work.
- A strategic and coherent approach to the management of an organization’s most valued asset (human capital).
In HRM, what is Human capital? (1)
- An intangible resource and the Sum of people’s skills, knowledge, experience and general attributes (such as the capacity to develop and innovate)
What are the three components of Human capital? (and what they focus on in brackets)
- Intellectual Capital (skills and competence)
- Social Capital (Knowledge from networking and people interaction)
- Organizational Capital (Knowledge of documentation, databases and systems)
In terms of competition, The human capital of an organisation is the main source of… (and why)
competitive advantage (as the way HR manages people will directly influence its performance)
What are the goals of HRM? (2)
- High performance
- Employee wellbeing
What is the Human capital strategy? (7 step process)
- Attract and select talent
- Align talent to the organization
- Build capability to perform and lead
- Provide competitive salaries and benefits
- Motivate to perform and excel
- Create Effect employee communication
- Retain critical talent
“Sitting at the board table does not make HR strategic” What does this quote mean?
- It means having a seat at the board table doesn’t make HR a strategic partner, what makes them strategic is to actively contribute in the organization’s long term goals, provide insights on workforce planning and drive talent aligned with business objectives.
- HR needs to go beyond administrative tasks (payroll, hiring, compliance) and focus on talent management, employee development, org. culture and workforce planning to gain a competitive advantage.
“HR directors spend only 15% of the time on strategic work” What does this mean?
- It suggests HR directors dedicate a small portion of their time to activities that have a long-term organizational impact instead of focusing on strategic initiatives such as talent development, workforce planning and aligning HR practices with company goals.
-HR leaders may be constrained by routine tasks, limiting ability to contribute meaningfully to the organizational strategy.
What are HRM strategic initiatives or strategic work? (4)
- shaping company culture
- driving organisational change
- talent development
- fostering innovation
- retain critical talent
- train workforce capabilities to support long term company endeavors.
What is the difference between traditional HRM approach and strategic HRM approach?
Traditionally, HRM is a responsibility of the specialists
Strategically, People management is the responsibility of any individual who is in direct contact with workers or of line managers.
HRM manages an object who’s unpredictability is… (and why)
high, as individuals and group differences imply a high degree of uncertainty in HRM forecast.
[Bonus: Individuals differ in personality, abilities, skills, attitudes, motivations, behaviours and cultural values.]
In HRM management, attitude is a characteristic and recurrent way of…
thinking, feeling and intention to behave in relation to an object, idea, person or group.
What are the three components of attitude?
- Cognitive
- Affective
- Behavioural
In HRM, what is Job satisfaction?
a positive emotional state resulting from the appraisal of one’s job and job experience
What is the relationship between job satisfaction and job performance?
It is a one way relationship, in the sense that happy workers are productive workers, thus higher job satisfaction leads to better job performance.
What are the implications for HR if job satisfaction is one way correlated with job performance? (3)
- It suggest that if HR focuses on improving employee satisfaction, it will directly enhance job performance.
- HR should implement policies that improve work life balance such as fostering a positive org. culture.
- HR should implement compensation and benefits fairly to enhance satisfaction.
The Attitude Behaviour relationship (A-B Relationship) highlights that with job satisfaction, the behaviour will typically be… (3)
- good attendance
- good performance
- good organisational citizenship behaviour.
The Attitude Behaviour relationship (A-B Relationship) highlights that with job dissatisfaction, the behaviour will typically be… (2)
- Absenteeism
- Counterproductive behaviours
What does the DICS model stand for?
- Dominance
- Influence
- Conscientiousness
- Steadiness
The DICS model is grouped by two orientations, namely… (and components)
- Task oriented (Dominance and Conscientiousness)
- People oriented (Influence and Steadiness)
In the DICS model, what are the components of the Dominant area? (6)
- change adaptive (makes decisions quickly)
- risk taking
- creativity and innovation
- negotiation skills
- decision making
- strategic planning
In the DICS model, what are the components of the Influence area? (6)
- Communication
- Sociability
- Empathy
- Impact and Influence
- Motivation
- Interpersonal relations
In the DICS model, what are the components of the Conscientiousness (cautious) area?
- Attention to details
- Quality control
- Time management
- Analytical-conceptual
- Concern for order
- Diplomacy, tactfulness
In the DICS model, what are the components of the Steadiness area?
- Service
- Project management
- Information search
- Listening skills
- Customer oriented
- Teamwork
What are the big 5 traits in personality?
- Emotional Stability
- Extroversion
- Openness
- Agreeableness
- Conscientiousness
Following up on the big 5 traits in personality, in similar order, why is it relevant?
- Less negative thinking and less hypervigilant
- Better interpersonal skills, social dominance, emotionally expressive
- Increased learning, creative, flexible and autonomous
- Better liked, compliant and conforming
- Greater effort and Persistence, more drive and discipline
Following up on the big 5 traits in personality, in similar order, what does it affect in HR?
- Higher job and life satisfaction/lower stress levels
- Higher performance, enhanced leadership, job satisfaction
- training performance, enhanced leadership, adaptable to change
- lower levels of deviant behaviour
- enhanced leadership, greater longevity
What is Narcissism?
A person who has an exaggerated sense of self importance, demands excessive admiration, thinks they are entitled to everything and is arrogant.
What is a machiavellian individual?
A person who is pragmatic, maintains emotional distance and believes the end justify the means.
They manipulate others, are less persuaded, persuade more, enjoy their work less and express higher levels of stress.
Should narcissists be hired? (4)
- Yes, in positions of leadership and competitive roles
- No, as narcissists think they are better leaders, but supervisors tend to rate them worse
- No, as they want to earn the admiration of others and receive confirmation from their superiors, and talk bad to those who threaten them, and treat them as inferior.
- No, as they are selfish and exploitative and believe that others exist to benefit them, hindering tasks required to help other people.
What is Risk aversion/Risk propensity?
People’s willingness to take risks, which affect the time needed and the amount of information a manager needs to make a decision.
Should people with high risk propensity be hired? (2)
Yes, as a greater propensity to take risks can lead to better performance in activities that require quick decision making (stock broker, lawyers)
No, as it can be an obstacle in careers that require a high risk aversion (such as auditing)
Ultimately, it depends on the job.
What is Self-monitoring?
An individual’s ability to adjust their behaviour to external situational factors. They are highly sensitive to understanding environmental signals and behave differently depending on the situation.
Should we hire people with high self-monitoring levels? (4)
Yes, as they have excellent performance evaluations, occupy leadership positions.
Yes, as in executive roles, they tend to be more flexible in their careers, receive more promotions and occupy prominent positions in orgs.
No, as they demonstrate less commitment to their organizations.
No, as they tend to be very uncertain in their dispositions and attitudes in all situations, there is less coherence between who they are and what they do.
In HRM, what is Motivation?
It directs the individual behaviour towards the job, which may lead to prioritising over other aspects of one’s life.
Motivation is characterized by three features:
- Direction
- Intensity
- Duration
What are the two groups of theories of motivation?
- Content Theories
- Process theories
What is the main idea behind content theories of motivation?
What drives individuals, describes our needs, desires, motives and motivation is related to the fulfilling of these needs.
What is the main idea behind process theories of movitation?
Focus on the “Hows” of motivation, defines psychological and behavioural processes that influence motivation
What are the 5 main theories of motivation (2 content, 3 processes)
Maslow’s hierarchy of needs
Two Factor Theory
Equity theory
Expectancy theory
Goal-setting theory
What are the recent changes experienced by organizations? (5)
- Growing global competition
- Increased demand for individual, team and organizational skills
- Increasing legal and management of ethical aspects
- Higher customer expectations
- Rapidly expanding technology that facilitate or substitute jobs.
What are the qualities required by the role of HR managers in companies? (3)
- Must be an expert in the way work is organised and executed.
- Must represent employees in their concerns
- must be an agent of continuous transformation, shaping processes and cultures that improve adaptability to change.
What are challenges for HRM? (5)
- Hiring employees with skills to work in foreign countries
- demographic trends (aging, migration)
- Delivering sustainable performance
- Managing change (environmental, between individuals)
- AI (tech job replacement)
What is the Strategic Role of HR managers in companies? (1)
The HR manager must be a partner together with the management team in executing the company’s strategy.
What is Maslow’s hierarchy of needs?
A content theory of motivation, which is a five stage model of human needs, indicating that as we satisfy basic needs, we seek to satisfy higher order needs.
What are the three categories in Maslow’s pyramid?
Basic needs
Psychological needs
Self fulfilment needs
What is the importance of Maslow’s Needs in Human Resources?
As a content theory of motivation, it helps figure out how to drive individuals, especially as the level of their needs are met increases, the satisfaction of higher order needs being met aids in motivation and job satisfaction.
What is Herzberg’s two factor theory?
A content theory of motivation, as it addresses the question “What do people want from their jobs” and it’s a gradient between dissatisfaction and no dissatisfaction, and no satisfaction to satisfaction.
What causes dissatisfaction in the Two-factor theory? (6)
hygiene factors such as
- quality of supervision
- company policies
- relationship with others
- working conditions
- job security
What causes satisfaction in the two- factor theory? (3)
Motivational factors such as
- Promotional opportunities
- Personal Growth opportunities
- Recognition, responsibility and achievement
What is Equity Theory?
A process theory of motivation, in which individuals are motivated by a sense of fairness, which is a result of the social comparisons we make.
In Equity theory, Outputs (Salary, recognition) is divided by… (list 3 of them)
Inputs (effort, experience, skills)
Equity must be mantained at a balanced ratio of outputs and inputs. If there’s inequity due to being overrewarded, then…
The ratio is uneven towards us, making us feel guilty (typically)
Equity must be mantained at a balanced ratio of outputs and inputs. If there’s inequity due to being underrewarded, then…
The ratio is uneven towards others, making us feel frustrated.
What is Expectancy theory?
A process theory of motivation, as an employee’s motivation is the outcome of how much an individual wants a reward, the likelihood that the effort will lead to expected results and the belief that performance will lead to rewards.
What is Expectancy?
If maximum effort is given, it will probably be recognized in a performance appraisal.
What is Instrumentality?
- reflects the person’s belief that, “If I accomplish this, I will get that.”
- If i get a good performance appraisal, will it lead to organisational rewards?
What is Valence?
- The value or importance an individual places on a reward.
- If I’m rewarded, are the rewards attractive to me?
What can you conclude about the expectancy theory (in regards to the order of components and driving force)?
Individual effort leads to individual performance (Expectancy as catalyst)
individual Performance leads to organisational rewards (Instrumentality as catalyst)
Organisational rewards leads to personal goals
(Valence as catalyst)
What is the Goal-setting theory?
The intentions to work toward a SMART goal are a major source of work motivation.
What are the problems with the goal-setting theory?
How motivated people are going to be towards achieving a goal and task performance depends on how easy or difficult it is, explained by an increasing curve in difficulty, and a sharp decline if deemed impossible.
Job characteristics model
Job characteristics are important to create motivation