Unit 1 Flashcards
What are Human Resources
Human Resources are the people who make up the workforce of an organization
What is human capital
the skills, knowledge, and experience possessed by an individual or population in terms of their value to the organization
what is human resource management
HRM is the effective management of people in organizations
What is an organization
An organization is a group of people with formally assigned roles who work together to achieve key goals
What are the 8 major systems of HRM
Job analysis, workforce planning, recruitment, selection, training and development, performance management, compensation and rewards, employee and labour relations
What is the difference between traditional and modern HRM
traditionally HRM was made up of mainly administrative/operational tasks. Modern HRM is shifting towards a strategic role within an organization.
What are strategic goals
specific goals an organization plans to achieve to gain or maintain a competitive advantage
What is corporate social responsibility
CSR is the balance between pursuing profit and acting in a manner that benefits society. Strong CSR improves reputation, increases profitability, improves customer loyalty, and improves employee retention
What is corporate culture
corporate culture is the identity of an organization. this is made up of the core values, beliefs, and norms shared by the members of the organization. It is intentionally developed and helps clarify standards of behaviour.
What are the benefits to good HRM
benefits include reduced costs, increased employee retention, increased employe engagement, better employee performance leading to better products and higher profits.
What is evidence based HRM
evidence based HRM evaluates HR practices against data
What are some benefits to evidence based HRM
ensures HR practices are more likely to have the desired outcome
what are the key components of a study
Research question, hypothesis, variables, methods
What are the two methods of a study
Primary which is gathering new information and secondary which is using existing information
What is a true experiment
This is a type of primary study that is conducted in a controlled environment such as a lab. it assesses whether a independent variable affects a dependant variable. causal conclusions are possible but it is hard to generalize to real world