Chapter 1-The Strategic Role of Human Resource Management Flashcards

(35 cards)

1
Q

Human Resources Management (HRM)

A

The management of people in organizations to drive successful organizational performance and achievement of the organization’s strategic goals.

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2
Q

Human Capital

A

The knowledge, education, training, skills, and expertise of an organization’s workforce.

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3
Q

Scientific Management

A

The process of “scientifically” analyzing manufacturing processes, reducing production costs, and compensating employees based on their performance level.

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4
Q

Human Resources Movement

A

A management philosophy focusing on concern for people and productivity

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5
Q

Outsourcing

A

The practice of contracting with outside vendors to handle specified business functions on a permanent basis.

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6
Q

Employee Engagement

A

The emotional and intellectual involvement of employees in their work such as intensity, focus, and involvement in his or her job and organization.

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7
Q

Strategy

A

The company’s plan for how it will balance its internal strengths and weaknesses with external opportunities and threats to maintain a competitive advantage.

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8
Q

Change Agents

A

Specialists who lead the organization and its employees through organizational change.

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9
Q

Environmental Scanning

A

Identifying and analyzing external opportunities and threats that may be crucial to the organization’s success.

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10
Q

Metrics

A

Statistics used to measure activities and measure activities and results. Measures the value of HR.

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11
Q

Balanced Scorecard

A

A measurement system that translates an organization’s strategy into a comprehensive set of performance measures.

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12
Q

Productivity

A

The ratio of an organization’s outputs (goods and services) to its inputs (people, capital, energy, and materials)

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13
Q

Primary Sector

A

Jobs in agriculture, fishing and trapping, forestry, and mining.

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14
Q

Secondary Sector

A

Jobs in manufacturing and construction.

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15
Q

Tertiary or Service Sector

A

Jobs in public administration, personal and business services, finance, trade, public utilities, and transportation/communications.

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16
Q

Traditionalists

A

Individuals born before 1946

17
Q

Baby Boomers

A

Individuals born between 1946-1964

18
Q

Generation X

A

Individuals born between 1965-1980

19
Q

Generation Y

A

Individuals born between 1980

20
Q

Contingent/non-standard workers

A

Workers who do not have regular or full-time employment status

21
Q

Globalization

A

The emergence of a single global market for most products and services

22
Q

Organizational Culture

A

The core values, beliefs, and assumptions that are widely shared by members of the organization

23
Q

Organizational Climate

A

The prevailing atmosphere that exists in an organization and its impact on employees

24
Q

Empowerment

A

Providing workers with the skills and authority to make decisions that would traditionally made by the managers

25
Operational HRM
traditional HRM that includes administrative responsibilities (e.g., payroll, selection, compensation, training, etc.)
26
Strategic HRM
contemporary HRM that participates in setting up a strategic plan for organizations and executes that plan (e.g., designing strategies to attract top talent to gain competitive advantage!)
27
Business Ethics
comprises principles, values, and standards that guide behavior in the world of business
28
Personal Ethics
comprises principles, values, and standards that guide your behavior in the world
29
Principles
are specific and pervasive boundaries for behavior that universal and absolute.
30
Values
are used to develop norms that are socially enforced.
31
Ethical Intelligence
Do not harm, Make things better, Respect others, Be Fair, Be loving
32
Distributive Justice
Fairness of a decision outcome
33
Procedural Justice
Fairness of the process used to make a decision
34
Interactional Justice
Fairness in interpersonal interactions by treating others with dignity and respect
35
Informational Justice
Was there fairness in information used to justify the change, decision, strategy, outcome, etc.