Human Resource Management Flashcards
(51 cards)
What is HRM?
HRM is the formal name for the management of people in an organization.
What advantage do organizations gain from HRM?
Organizations gain an advantage when they have valuable, rare, inimitable, and organized resources.
What is considered a distinctive resource in HRM?
Employees and their skills, knowledge, and abilities are considered among the most distinctive and renewable resources.
What does organizational success depend on?
Organizational success depends on what people know and can do.
What is Human Capital?
Human Capital is the strategic value of employee knowledge and abilities.
What are key responsibilities of HR managers?
HR managers must understand their company’s business, help line managers with hiring and motivation, and address ethical challenges.
What are the main HR activities?
HR activities include Planning, Programming, and Evaluating.
What is Environmental Scanning in HR?
Environmental Scanning looks at factors like labor markets, technology, legislation, competition, and the economy.
What does HR Planning involve?
HR Planning involves demand forecasting, assessing internal and external labor supply, and job analysis.
What are other HR activities?
Other HR activities include Recruitment, Selection, Diversity and Inclusion, Performance Appraisal, and Labor Relations.
What are the outcomes of effective HRM?
Effective HRM can lead to positive results such as Productivity, Quality, Innovation, Satisfaction, and Health.
What is the goal of HR Planning?
The goal is to ‘Get me the right kind and the right number of people at the right time.’
What do Demand Forecasts estimate?
Demand Forecasts estimate how many and what type of people are needed.
What is the Supply of Labor?
Supply of Labor refers to how many and what types of employees are actually available.
What is Job Analysis?
Job Analysis is the process of gathering information about a job.
What does KSAOs stand for?
KSAOs stands for Knowledge, Skills, Abilities, and Other Characteristics.
What is Recruitment?
Recruitment is the development of a pool of applicants for a job.
What are the advantages of Internal Recruiting?
Advantages include knowing employees, encouraging current employees to stay, work hard, and perform well.
What are the disadvantages of Internal Recruiting?
Disadvantages include a limited applicant pool and potential lack of innovation.
What are the advantages of External Recruiting?
Advantages include inspiring innovation and change, more competition, and a larger applicant pool.
What are the disadvantages of External Recruiting?
Disadvantages include limited company understanding, potential upset of current employees, and being time-consuming.
What screening tools are used in selection?
Common types include job knowledge tests, integrity tests, cognitive ability tests, personality tests, emotional intelligence tests, skills assessment, and physical ability assessment.
How do organizations use social media in hiring?
70% of organizations use social media to screen applicants for professional affiliations, volunteer activities, and other organizational alignments.
What is a Structured Interview?
A Structured Interview asks all applicants the same questions and compares responses to standardized answers.
