Chapter 1 Flashcards
(24 cards)
What is human resource Management?
Managing people in organizations to drive successful organizational performance and achievement of organization’s strategic goals.
Managing human capital: knowledge, education, training, skills, expertise
What are Operational responsibilities of HRM?
Analyzing jobs Planning future workforce requirements Selecting employees orienting and training employees managing compensation and reward plans communicating with employees
What is strategy?
the company’s plan for how it will balance its internal strengths and weaknesses with external opportunities and threats in order to maintain a
What is strategic human resource management?
is the pattern of human resources deployments and activities that enable an organization to achieve its strategic goals
HR specialists are expected to be change agents
What is mission?
The basic purpose of the organization as well as its scope of operations.
What is strategic vision?
A statement about where the company is going and what it can become in the future; clarifies the long term direction of the company and its strategic intent.
What are core values?
The strong and enduring beliefs and principles that the company uses as a foundation for its decisions.
What is the SWOT analysis?
A SWOT analysis is a combined external and internal analysis.
S = Strengths W = Weaknesses O = Opportunities T = Threats
What is strategy formulation?
Providing input as to what is possible given the types and numbers of people available.
What is Strategy implementation.
Making primary resource allocation decisions about structure, processes, and human resources.
What is balanced scorecard?
A measurement system that translates organization’s strategy into a comprehensive set of performance measures. Includes financial, employee satisfaction, customer satisfaction, etc.
What are external environmental influences?
economic conditions labour market issues technology government globalization
What are the external economic influences?
Employment levels
Productivity levels
Growth of the service sector
What are some of the labour market issues?
Canada’s workforce is among the most diverse in the world
Increasing workforce diversity: visible and ethnic minorities, women, aboriginal population, persons with disabilities
Generational differences – Traditionalists, Baby Boomers (Sandwich Generation), Generation X, Generation Y
What are some of the demographic issues that affect labour market?
Immigration
Aging population – retirees staying in or returning to
workforce
More women in the workforce
A better educated workforce also higher literacy
More contingent workers (workers who do not have
regular employment status).
What is HRSM and what are its benefits?
Human Resources Information System - A computerized system that provides current and accurate data
for the purposes of control and decision making. To stay
competitive, organizations must invest in effective HRIS.
What are the benefits of HRSM?
Benefits:
Store and retrieve large quantities of data.
Combine and reconfigure data to create new information.
Better knowledge management.
Easier communications and improved flexibility.
Lower administrative costs, increased productivity and
response times.
What are some of the technological influences?
From Twitter to Facebook to videoconferencing, a wide range of technology is available to organizations today
Questions are raised concerning data control, accuracy, right to privacy, and ethics
Firms are monitoring employee e-mail, voice mail, telephone conversations, computer usage, and behaviour (using video surveillance).
What are some of the government issues?
Ensure policies and practices comply with new and changing laws covering: human rights employment standards labour relations occupational health and safety workers’ compensation
What are some globalization influences?
The trend toward opening up foreign markets to international trade and investment
Really began in post-war years in formation of GATT
Essential for long term success
Canada faces gap with U.S. in productivity improvement
Multinational corporations: conduct business around the world, seek cheap skilled labour
HR professionals must become familiar with employment legislation in other countries and manage ethical dilemmas when labour standards are lower than those in Canada
What is an organizational culture?
core values, beliefs and assumptions that are widely shared by members of an organization
often conveyed through an organization’s mission statement
What is an organizational climate?
Prevailing atmosphere that exists and impacts employees
friendly or unfriendly, open or secretive, rigid or flexible, innovative or stagnant
influenced by leadership, HR polices, organizational communication
What are line vs support managers?
Line managers - managers directly involved in the business of the organization.
Support Staff managers: act as advisors to help line managers achieve organizational goals.
HR are support staff.
Describe brief history of HR.
Scientific Management
process of “scientifically” analyzing manufacturing processes to reduce costs and compensating employees based on their performance levels
Human Relations Movement
belief that the attitudes and feelings of workers are important and deserve more attention (concern for people)
Human Resources Movement
focus on concern for people and productivity