For Midterm test Flashcards
Part 1: card 1-10 (Week1), 11 - 67 (week 2). Part 2: (156 cards)
Human resource management is the… (2)
- effective management of people at work.
- A strategic and coherent approach to the management of an organization’s most valued asset (human capital).
In HRM, what is Human capital? (1)
- An intangible resource and the Sum of people’s skills, knowledge, experience and general attributes (such as the capacity to develop and innovate)
What are the three components of Human capital? (and what they focus on in brackets)
- Intellectual Capital (skills and competence)
- Social Capital (Knowledge from networking and people interaction)
- Organizational Capital (Knowledge of documentation, databases and systems)
In terms of competition, The human capital of an organisation is the main source of… (and why)
competitive advantage (as the way HR manages people will directly influence its performance)
What are the goals of HRM? (2)
- High performance
- Employee wellbeing
What is the Human capital strategy? (7 step process)
- Attract and select talent
- Align talent to the organization
- Build capability to perform and lead
- Provide competitive salaries and benefits
- Motivate to perform and excel
- Create Effect employee communication
- Retain critical talent
“Sitting at the board table does not make HR strategic” What does this quote mean?
- It means having a seat at the board table doesn’t make HR a strategic partner, what makes them strategic is to actively contribute in the organization’s long term goals, provide insights on workforce planning and drive talent aligned with business objectives.
- HR needs to go beyond administrative tasks (payroll, hiring, compliance) and focus on talent management, employee development, org. culture and workforce planning to gain a competitive advantage.
“HR directors spend only 15% of the time on strategic work” What does this mean?
- It suggests HR directors dedicate a small portion of their time to activities that have a long-term organizational impact instead of focusing on strategic initiatives such as talent development, workforce planning and aligning HR practices with company goals.
-HR leaders may be constrained by routine tasks, limiting ability to contribute meaningfully to the organizational strategy.
What are HRM strategic initiatives or strategic work? (4)
- shaping company culture
- driving organisational change
- talent development
- fostering innovation
- retain critical talent
- train workforce capabilities to support long term company endeavors.
What is the difference between traditional HRM approach and strategic HRM approach?
Traditionally, HRM is a responsibility of the specialists
Strategically, People management is the responsibility of any individual who is in direct contact with workers or of line managers.
HRM manages an object who’s unpredictability is… (and why)
high, as individuals and group differences imply a high degree of uncertainty in HRM forecast.
[Bonus: Individuals differ in personality, abilities, skills, attitudes, motivations, behaviours and cultural values.]
In HRM management, attitude is a characteristic and recurrent way of…
thinking, feeling and intention to behave in relation to an object, idea, person or group.
What are the three components of attitude?
- Cognitive
- Affective
- Behavioural
In HRM, what is Job satisfaction?
a positive emotional state resulting from the appraisal of one’s job and job experience
What is the relationship between job satisfaction and job performance?
It is a one way relationship, in the sense that happy workers are productive workers, thus higher job satisfaction leads to better job performance.
What are the implications for HR if job satisfaction is one way correlated with job performance? (3)
- It suggest that if HR focuses on improving employee satisfaction, it will directly enhance job performance.
- HR should implement policies that improve work life balance such as fostering a positive org. culture.
- HR should implement compensation and benefits fairly to enhance satisfaction.
The Attitude Behaviour relationship (A-B Relationship) highlights that with job satisfaction, the behaviour will typically be… (3)
- good attendance
- good performance
- good organisational citizenship behaviour.
The Attitude Behaviour relationship (A-B Relationship) highlights that with job dissatisfaction, the behaviour will typically be… (2)
- Absenteeism
- Counterproductive behaviours
What does the DICS model stand for?
- Dominance
- Influence
- Conscientiousness
- Steadiness
The DICS model is grouped by two orientations, namely… (and components)
- Task oriented (Dominance and Conscientiousness)
- People oriented (Influence and Steadiness)
In the DICS model, what are the components of the Dominant area? (6)
- change adaptive (makes decisions quickly)
- risk taking
- creativity and innovation
- negotiation skills
- decision making
- strategic planning
In the DICS model, what are the components of the Influence area? (6)
- Communication
- Sociability
- Empathy
- Impact and Influence
- Motivation
- Interpersonal relations
In the DICS model, what are the components of the Conscientiousness (cautious) area?
- Attention to details
- Quality control
- Time management
- Analytical-conceptual
- Concern for order
- Diplomacy, tactfulness
In the DICS model, what are the components of the Steadiness area?
- Service
- Project management
- Information search
- Listening skills
- Customer oriented
- Teamwork