HRA Flashcards

(30 cards)

1
Q

refers to the people who make up the workforce of an organization, as well as the strategies, policies, and practices used to manage them effectively.

A

Human Resource (HR)

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2
Q

Key Aspects of Human Resource

A
  1. Human Capital
  2. HR Management (HRM)
  3. HR as a Strategic Function
  4. HR and Business Strategy
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3
Q

HR represents an organization’s most valuable asset: its employees. It encompasses their skills, knowledge, experience, and potential for growth.

A

Human Capital

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4
Q

This involves designing and implementing policies related to employee hiring, training, performance evaluation, compensation, and overall workforce management.

A

HR Management (HRM)

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5
Q

Modern HR goes beyond administrative tasks; it plays a crucial role in shaping an organization’s culture, driving employee engagement, and aligning human capital with business objectives.

A

HR as a Strategic Function

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6
Q

HR professionals align workforce management with business goals, ensuring that employees contribute effectively to organizational success.

A

HR and Business Strategy

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7
Q

refers to the use of data analysis, statistical methods, and business intelligence techniques to measure, manage, and improve human resource processes and decision-making.

A

Human Resource Analytics

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8
Q

It is a critical function within an organization that focuses on recruiting, training, developing, and retaining employees to maximize their potential and contribute to business success

A

Human Resource (HR)

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9
Q

Key Aspects of Human Resource (HR) Analytics

A
  1. Data-driven decision making
  2. Types of HR Analytics
  3. Key HR Metrics in HR Analytics
  4. Benefits of as HR Analytics
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10
Q

HR analytics helps organizations make informed decisions based on real data rather than intuition or guesswork.

A

Data-Driven Decision-Making

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11
Q

Types of HR Analytics

A

Descriptive Analytics
Predictive Analytics
Prescriptive Analytics

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12
Q

Examines past HR data to understand workforce trends (e.g., turnover rates, absenteeism, employee engagement)

A

Descriptive Analytics

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13
Q

Uses historical data to forecast future workforce trends (e.g., predicting employee attrition or future skill gaps).

A

Predictive Analytics

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14
Q

Recommends specific HR actions to improve workforce management (e.g., strategies for increasing employee retention).

A

Prescriptive Analytics

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15
Q

Key HR Metrics in HR Analytics

A

Employee Turnover Rate
Recruitment Metrics
Employee Productivity
Engagement & Satisfaction Scores

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16
Q

Measures the percentage of employees leaving the company within a given period.

A

Employee Turnover Rate

17
Q

Evaluates hiring efficiency (e.g., time-to-hire, cost-per-hire, quality of hire).

A

Recruitment Metrics

18
Q

Assesses workforce efficiency and performance.

A

Employee Productivity

19
Q

Uses surveys and feedback to measure employee morale and job satisfaction.

A

Engagement & Satisfaction Scores

20
Q

Benefits of HR Analytics

A
  1. Improves talent acquisition and retention strategies.
  2. Helps in workforce planning and optimization.
  3. Enhances employee engagement and performance management.
  4. Reduces HR-related costs through data-driven insights
21
Q

8 HR FUNCTIONS

A
  1. Talent Acquisition & Recruitment
  2. Training & Development
  3. Performance Management
  4. Compensation & Benefits Management
  5. Employee Relations & Engagement
  6. Workforce Planning & HR Analytics
  7. Compliance & Labor Law Management
  8. Succession Planning & Career Development
22
Q

ensure that an organization effectively attracts, develops, retains, and manages its workforce. A strong HR strategy supports business growth, enhances employee satisfaction, and drives organizational success.

A

These (8) eight HR functions ensure that an organization effectively attracts, develops, retains, and manages its workforce. A strong HR strategy supports business growth, enhances employee satisfaction, and drives organizational success.

23
Q

The process of identifying, attracting, and hiring the best candidates for job positions within the organization.

A

Talent Acquisition & Recruitment

24
Q

The continuous process of enhancing employees’ skills, knowledge, and abilities to improve job performance and career growth

A

Training & Development

25
The process of monitoring, evaluating, and improving employee performance to align with organizational goals.
Performance Management
26
The design and administration of salary structures, benefits, and rewards to attract and retain employees
Compensation & Benefits Management
27
The efforts to build positive relationships between employees and the organization to foster motivation and commitment.
Employee Relations & Engagement
28
The strategic process of analyzing workforce data to ensure the organization has the right people in the right roles at the right time.
Workforce Planning & HR Analytics
29
Ensuring that the organization follows labor laws, workplace regulations, and ethical standards.
Compliance & Labor Law Management-
30
The process of identifying and preparing employees for leadership roles and career advancement within the organization.
Succession Planning & Career Development