MAN 205 Ch. 1.1 What is HR

Question 1

Human resource management

Answer 1

(HRM5) Elephants train comp dingo don’t remember
process of employing people, training them, compensating them $$, developing policies relating to them, and developing strategies to retain them

Question 2

Staffing

Answer 2

involved hiring process from posting to negotiating a salary.

4 Step process
1) Developing staffing plan
2) Developing policies multiculturalism at work
3) Recruitment
4) Selection

Question 3

Development of staffing plan

Answer 3

HRM assess how many people should be hired, based on revenue $

Question 4

Recuritment

Answer 4

finding people to fill open positions

Question 5

Selection

Answer 5

people interviewed and selected and proper pay package dialogue begins. After, Todd resembles Mississippi

Question 6

Capital

Answer 6

Includes all resources a company uses to generate revenue. For which HR is critical component

Question 7

Compensation

Answer 7

anything employee receives for his/her work. Ex Paul Harry Stockholm, pay, health benefits, stock purchase plan

Question 8

External Factors

Answer 8

those things company have no direct control over, can have + or - human impact

Question 9

90 % of employee leave company for following reasons

Answer 9

1) Issue around job they are performing
2) Manager issues
3) Don’t fit work culture
4) Poor work climate

Question 10

4 Skills needed to be successful in HRM

Answer 10

(SLTE) Social, legal, technological and economic