Unit 1: Intro do HRM Flashcards
(40 cards)
What is Human Resources?
People who make up the workforce of an organization
Define Organization.
Group of people who work together in pursuit of a common goal
What is Human Capital?
All of the knowledge and experience and etc that people bring to an organization to allow it to prosper
What five functions are in management process?
planning, organizing, staffing,
leading, and controlling.
What does Human Resource Management (HRM) involve?
Management of people on organizations
What are the two major functions of HRM?
- Operational
- Strategic
What is the operational function of HR teams?
More traditional function; oversee day-to-day functions of employees
What is the strategic function of HR teams?
Pay attention to strategic goals of the organization
List the eight major HR systems.
- Job analysis
- Workforce planning
- Recruitment
- Selection
- Training and development
- Performance management
- Compensation and rewards
- Employee and labour relations
What are examples of strategic goals?
- Increase revenue
- Improve customer satisfaction
- Increase environmentally sustainable practices
- Improve employee retention
What is employee retention?
Organization’s ability to keep employees once they are hired
What is organizational/corporate culture?
Identity of the organization; core values and beliefs shared by members
What does organizational/corporate climate refer to?
Prevailing atmosphere within an organization; employees’ perceptions of the organization’s working environment
True or False: Organizational climate is impacted by leadership style.
True
What are the benefits of effective HRM?
- Reduced Cost
- Great retention
- Greater Engagement
- Better performance
What is evidence-based HR?
Evaluating human resources practices against available research
What is primary research?
Generate new information regarding a research question
What is secondary research?
Examining existing information from studies that used primary methods
Define Independent Variable (IV).
Grouping variable; controlled
Define Dependent Variable (DV).
Response variable; measured
What are true experiments?
Conducted in controlled settings; participants are randomly assigned to groups
What are quasi-experiments?
Conducted in field/natural settings; participants are randomly selected from existing groups
What is correlation?
Provides information about the direction of a relationship between two variables
What is the weak relationship coefficient?
0.10
