SHRM CP: People Flashcards
Lean Six Sigma
Streamlines processes and eliminates activités identified as waste.
Lean Six Sigma (8 Waste Types)
Defects, Overproduction, Waiting, Nonutlized Talent, Transportation, Inventory, Motion, Extra Processing
PMP Performance Domains (5)
Initiating, Planning, Executing, Monitoring, Closing
Gantt Chart
Date and time based bar chart used to display a graphical depiction of critical deadlines for planning, scheduling, and monitoring project timelines
Organizational Vision Statement
What the organization would like to look like 10 or 20 years from now if it were to accomplish all of its strategic goals
Organizational Mission Statement
Communicate the purpose and direction of the organization to employees, vendors, customers, and stakeholders
Michael Porter Competitive Edge Strategies (3)
Cost Leadership
Differentiation Strategy
Focus or Niche Strategy
Porter’s Fiver Forces Model of Competition
Suppliers Buyers Rival Firms Substitute Products Potential Entrants
Fair Credit Reporting Act
Employers must notify applicants that they administer background checks and candidates must authorize releasing their personal information
HR Metrics Revenue Factor Revenue Per Labor Costs Human Capital ROI Turnover Rate Time to Fill
Revenue Factor: Measure of effectiveness (Rev/Total Employees)
Revenue Per Labor Costs: Measure of Efficiency (Rev/Labor Cost)
Human Capital ROI
Turnover Rate:
Time to Fill: Total Days Elapsed since requisiton
Civial Rights Act Section 703(E)
It it legal to discriminate on the basis of sex, religion, or national origin, in special occasions where the specific characteristic is a “bona fide occupational qualification” BFOQ
Interviews: Structured, Semi-Structured, Unstructured
Prepared Questions or Multiple Choice
Guided Questions w/ Interviewer follow up questions
Conversational
Written Employment Contracts Must Include
What is being offered Rate of pay benefits perks performance expectations probationary periods proprietary information
What is the 20-Factor Test
IRS guideline to determine how workers should be classified as employees or independent contractors
Job Enrichment
A management theory involving redesigning roles so that they have more meaning, are less monotonous, and are more challenging to the employee. Responsibility, Recognition, Achievement, Advancement, Self-Actualization