SHRM Prep Flashcards
Business Acumen Requires… (3) (pg 13)
- Knowledge of profitable aspects of the business
- Understanding of cash flow and market
- Understanding of particular business niche
What it the purpose of HR? (3) (pg 13)
- Connecting the business with the right individuals (right people in right roles)
- Resolving employee problems day to day
- Motivating employees to perform their best
Develop business acumen by… (3) (pg 14)
- Understanding Finances (P&L, cash flow, balance statements, etc)
- Familiarize with Company Business Strategy
- Understand business environment
HR Communication: (pg 15)
How a business chooses to engage with its HR dept
Ways HR can Improve Communication (pg 15)
- Effectively plan internal comms
- Implement an all-inclusive communication system (HRIS)
- Create environment that encourages face to face communication
- Plan a strategy focused on company culture
- Create an effective onboarding plan (for new hires)
What should you focus your HR Communication strategies on? (pg 15)
Increasing productivity and improving communication
What are the 3 aspects of HR Consultation to consider before starting? (pg. 19)
- Business Management
- Administrative Functions
- Licensing Requirements
Critical Evaluation: (pg 21)
Gathering data to measure and objectively assess an organization or problem to make a recommendation
What are the 4 stages of critical evaluation? (pg 21)
- Assessing the bigger picture
- Approach to problem solving-
- Evaluating decision quality
- Implementing when necessary
Ethical Practice: (pg 22)
The act of seamlessly integrating common moral values into everyday business practices
Cultural Effectiveness: (pg. 23)
The ability to value and consider the perspectives and backgrounds of all parties
Benefits of implementing ethical practices (4) (pg. 24)
- Acceptance of all cultures, religions, and beliefs
- Better and more successful customer interaction
- an honest and reliable company image
- environmental protection
how can HR depts practice ethics? (p. 24)
- Keep records confidential
- Highlight consequence of actions
- stay up to date w rules and regulations
- be selective about managerial positions
- highlight diversity & inclusion
how can HR depts be more culturally effective? (pg. 25)
- appreciating differences
- encouraging personal growth
- Reducing generational gap
- assigning cultural educators
- encouraging adaptability
Leadership: (pg 26)
Social (interpersonal) impact link between two or more people who rely on each other to achieve common goals