unit 1 & 2

Question 1

what are the objectives of companies?

Answer 1

1. Economic objectives (money)
2. Social objectives (social aspect, for the world)

Question 2

how do you increase profits?

Answer 2

increasing income or reducing expenses

Question 3

what happens when profits are the only foal of a company?

Answer 3

1. Increase the income fraudulently (wellsfargo)
2. Lay-off workers, reduce their salaries and/or quality of their products

Question 4

What are the tasks of the hrm department?

Answer 4

1. Managing talent
2. Managing change
3. Managing people
4. Helping to sell: every department sells or helps to sell
5. Strategic: organization design

Question 5

what are the main hr functions?

Answer 5

1. Strategic (organization design, CSR)
2. Acquiring
3. Maintaining
4. Developing
5. Salaries, vacation, benefits, worked hours
6. Labour relations
7. Others: employees’ well-being: cafetaria, sports, daycare

Question 6

why a network of teams?

Answer 6

• A dynamic, unpredictable, and complex business environment change & immediate needs.
• Decisions need to be taken immediately, by teams: not time for general manager to review ideas and make decisions

Question 7

a network of teams requires?

Answer 7

1. Highly qualified teams, with adequate education
2. An adequate culture of collaboration. One person can do little. You need a team to succeed.
3. Adequate incentives. Not individual, but team related: individuals’ contribution to the team.

Question 8

why in unemployment rate so high in Spain?

Answer 8

• High severance pay
• Low educational levels
• Before 2008 recession, low skill jobs
• Inflexible labour laws
• High labour costs
• Low productivity
• Bad economic policies during the 2008 recession
• High unemployment benefits

Question 9

tell something about inflation

Answer 9

• Risk of stubborn inflation
• Inflation has psychological component. When prices go up, employees ask for a salary increase. And that causes companies to increase prices, therefore, inflation goes up. Spiral inflation.
• Inflation is usually caused by the Central banks when issuing too much money (printing money to finance government projects etc). Money loses value, besides, people have more money in their pockets, so, they spend more. Higher demand of products causes higher prices.
• Inflation creates unrest and an unstable economy. Inflation prevents the economy from growing.

Question 10

what are the 5 steps of acquiring?

Answer 10

• Human resources planning
• Job analysis & job design
• Recruiting
• Selection
• Orientation

Question 11

what is job analysis and job design?

Answer 11

Job analysis: studying of existing jobs for employee selection, training, organization, and compensation.

Job design: making jobs more efficient or more motivating

Question 12

what does job analysis consist of and explain

Answer 12

1. Job description: lists of tasks, duties and responsibilities of a job. Duties to be performed, working conditions, responsibilities, tools and equipment that must be used on the job.
2. Job specifications: qualities or requirements to perform a job (knowledge, skills, experience, abilities, etc.) (personal requirements and job requirements)

Question 13

what are the consequences of the pandemic on hr

Answer 13

1. Huge changes. Adaptability. Continuing education.
2. Flexibility
3. Creativity: new ideas. Continuing education.
4. Collaboration (have a good team. To be surrounded by people that help each other and that together we can create things)

Question 14

productivity increases with?

Answer 14

1. Education
2. Technology
3. Motivation (3 motivations)