PREMIDTERM Flashcards

1
Q

deals with the ”PEOPLE” dimension of management

A

HRM

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2
Q

are the policies, practices, and systems that influence employees’ behavior, attitudes, and performance

A

Human Resource Management

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2
Q

The proper handling of employees who are assigned different tasks and given opportunities to grow in their careers, develop their skills, and avail of and enjoy the benefits and rewards that the company provides.

A

HRM

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3
Q

____begins by defining a talent strategy in the context of the business strategy. I

A

Talent Management

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4
Q

Ensures that companies have high performing leaders to run the company.

A

Leadership Development

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5
Q

Defines the kind of bench strength6 that is necessary for succession (top down – position-driven).

A

Succession Management

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6
Q

Creates awareness of employees’ career goals (bottom up – employee-driven).

A

Career Management

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7
Q

Provides a vehicle for assessing talent.

A

Performance Management

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8
Q

The process for ensuring that the human resource requirements of an organization are identified and plans are made for satisfying those requirements

A

HRP

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9
Q

means devising plans, strategies, and tools to provide the right number of people with the right skills and qualifications at the right time.

A

HRP

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9
Q

___with different departments to strategize the right number of employees and positions needed in each department.

A

Coordination

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10
Q

___or the estimation of the costs of employment of human resources

A

Consideration

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11
Q

____of activities and tasks in each department by making sure that the right number of workers and positions are obtained

A

Concentration

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12
Q

IMPORTANCE OF HRP

A

HRP sees to it that the company can achieve its mission and vision by having the right people with the right skills deployed in the right department at the right time

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13
Q

The systematic monitoring of the major external forces influencing the organization.

A

Environmental Scanning

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14
Q

The process of finding the difference between forecasted HR supply and HR demand.

A

Gap Analysis

15
Q

Evaluation of the company’s current roster of personnel (Manpower Headcount)

A

Forecasting Internal and External Labor Supply

16
Q

Is a simple method used in forecasting internal supply. The main requirement in using trend analysis is a record of past trends:

A

Internal Supply

17
Q

Traces the potential replacements to key positions and hones them to become successful future leaders.

A

Succession Planning

18
Q

They are a graphical representation of all jobs and the persons assigned to each job.

A

Staffing Tables

19
Q

Forecasts internal movements from one year to the next year by determining the % of employees who remain in their jobs,promoted, transferred,dismissed or resigned.

A

Markov Analysis

20
Q

It predicts demand for personnel bsed on past trends over a number of years between an operational index ( productivity/employee, revenue/employee)

A

Employee Demand

21
Q

It predicts HR demand based on ratios between selected factors and the number of employees needed

A

Ratio Analysis

22
Q

It is a statistical method of predicting HR demand by determining the relationship between various factors ( independent variables) and the company’s employment level ( dependent variables)

A

Regression Analysis

23
Q

It is a statistical method of predicting HR demand by determining the relationship between various factors ( independent variables) and the company’s employment level ( dependent variables)

A

Delphi Method

24
Q

The technique uses a “middle person” to gather the data of each members of the panel.

A

Delphi Method

25
Q

Uses a panel of experts , mostly line managers, who discuss, meet face to face, and project HR demand

A

Nominal Group Technique

26
Q

Applies multiple scenarios to predict HR demand, based on a number of assumptions.

A

Scenario Analysis

27
Q

HRP is divided into 4 stages

A

environmental scanning, forecasting of human resource requirement, decision analysis, action plan/ program implementation

28
Q

Methods of forecasting internal labor supply

A

trend analysis, skill/competency model, replacement chart, succession planning, staffing tables, Markov Analysis

29
Q

Quantitative method of forecasting HR demand

A

trend analysis, ratio analysis, regression analysis

30
Q

Qualitative technique

A

delphi method, nominal group and scenario analysis

31
Q

3 Crucial decisions

A

labor equilibrium, shortage, surplus