Topic 1 Flashcards
Types of compensation
Direct (salary, hourly rate, bonus, etc ) & indirect compensation (services, benefits, training)
4 Implicit HR objectives
- Improve production
- Improve quality of work life
- Ensure legal compliance
- Ensure ethical behavior
HR managers contribution toward productivity improvements
Work organization and design
Moral Philosophy
The principles, rules, and values that individuals use on deciding what is right or wrong
Creating culture where ethical behavior is encouraged
(1) Creating a positive work environment
(2) Hiring ethical individuals
(3) Providing ethical training
(4) Labeling and modeling ethical behavior
(5) Creating a well-defined code of ethics
(6) Establishing an open-door policy
Trends that influence the work environment
(1) Increased competition
(2) The costs and benefits associated with HR utilization
(3) Productivity changes (resulting from changes in technology, capital investment, the 2008-2014 recession, capital utilization, outsourcing, and government policies)
(4) The increasing pace and complexity of social, cultural, legal, demographic, and educational changes
(5) The symptoms of dysfunction in the workplace
(6)Societal trends of the 21st century
Culture
represents the organization’s value system.
Who shapes an organization’s culture?
Top management’s values shape the organizational culture and strategy.
Business and industry knowledge an HR professional needs to posess
(1) strategic planning; (2) financial statements; (3) sales, marketing, and production techniques; (4) knowledge of how to use tools such as data processing and management information systems.
HR Generalist
usually provide guidance, support management, and serve as a source of help and information on human resource matters
HR Specialist
responsible for specific human resource management functions within the organization
Purpose of SWOT analysis
a tool allows managers to assess the firm’s internal abilities and vulnerabilities to the external environment.
The expectations of the HR department regarding change
Have the necessary skills to facilitate organizational change and maintain organizational flexibility and adaptability
Tactical work vs Strategic Work
The work HR professionals do every day such as responding to manager request, ensuring legal compliance, answering questions regarding policies.
Focuses on the future and on the improvements and innovations needed to create an exceptional company.
Technology
Which internal factor refers to the firm’s equipment and knowledge?
The two categories for ethical theories
Consequentialist and deontological
What is the focus of deontological theory?
Uses rules to distinguish right from wrong. Requires disregarding the possible consequences of our actions when determining what is right and what is wrong.
consequentialist theory
judges whether or not something is right by what its consequences are.
What should be the first step in any HR change initiative?
Securing top management support
Planning function of HRM
planning and synchronizing HR needs with the strategic mission of the firm
Staffing function of HRM
recruiting job applicants and then selecting the most appropriate applicants for the available job
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