Strategic Hr Management 2 Flashcards
Define the human capital theory
Focuses on how levels of knowledge skill and education can impact company’s goals
What is the main emphasis of the human capital theory ?
Human capital can be increased by investing in education, skill and training
What is the main function of human capital resources?
- builds on human caoital theory
- introduces the idea and importance complementaries
The context as to which employers represent internal resources is known as?
Resource based view
What is the main argument attached to RBV
Rare, imitator and non-substitutable.
What is the main function of KBV?
KNOWLEDGE is a critical resource for organisations
Knowledge is deemed an asset within the company
What is the first stage of CIPD strategic human resource planning.
Understanding the Organization and its environment
- understanding current works force, strategy, model
Strategic role analysis is known as ?
Identifying critical and strategic roles that will disproportionately drive your business.
Describe the current and potential workforce
&future workforce needs
Identify workforce needs and determine whether you have the means to supply the need
Identify future needs and capabilities
In strategic hr planning process, what process is known as discovering the difference between supply and demand
Identifying workforce gaps against the future.
What process is involved in monitoring and evaluating actions?
Agreeing an an appropriate support and information for managers.
