SHRM Flashcards
(266 cards)
Main 3 behavioral competencies of BASK
Leadership, Interpersonal, Business
these are 3 main clusters, but there are 9 total competencies. BASK
What is the Just In Time principle?
A principle that aims to ensure that items are created as and when they are required to reduce waste.
What does Variance Analysis review?
The difference between actual data and estimated or predicted data.
What is Regression Analysis used for?
To determine whether a relationship exists between variables and the strength of the relationship.
Tests variables such as recruitment source,
education, job experience, personality type, and so on against job
performance ratings.
What is Sustainable Competitive Advantage?
A company having a higher profit margin for a number of years than competitors in the same industry.
What is a Gantt Chart used for?
Project management and visualizing project timelines. They provide a visual representation of tasks, their curations,
and dependencies. It shows a glance, a large project broken into smaller
units or activities. It includes a time line that shows when each activity
should begin and end, and if other activities can be started before a
previous one is finished.
What do Histograms display?
The distribution of a set of data. basically a bar graph chart
What is the purpose of a Pareto Chart?
a powerful tool. To identify and prioritize the most significant factors contributing to a problem. basically a bar graph chart combined with lines. Shows the correlation between each item contributes to the total problem & it’s impact.
What does a PERT Chart illustrate?
The critical path of a project using nodes or a network diagram (like a web with timelines for each step)
What is the Stakeholder Concept?
Proposes that any organization operates within a complex environment affecting and affected by various forces that all share in the value of the organization/it’s activities
What is Online Analytical Processing (OLAP) used for?
Analyzing hiring/turnover trends across demographics, performance levels, and promotion histories.
What are the components of the Triple Bottom Line?
- Profit
- Planet
- People
What are the 3 Spheres of Sustainability?
- Environmental
- Economic
- Social
What does CSR stand for and what does a values-based CSR strategy provide?
“Corporate Social Responsibility”
A foundation to make ethical decisions for global organizations.
What are the stages of the CSR Maturity Curve?
- Compliance
- Integration (becomes part of core business model)
- Transformation (transforming their industry)
At which point in the corporate social responsibility (CSR) strategic process should a global organization decide on using local leadership?
Infrastructure creation.
step involves creating the infrastructure
that will be responsible for guiding, overseeing, administering,
reviewing, and championing the CSR strategy. For a global
corporation, that includes determining whether local departments,
divisions, or individuals will be responsible for local efforts and how
these will coordinate with global goals and initiatives.
What is most often attributed to differences in pay between geographic areas?
Supply and demand.
What is a Nonqualified Deferred Compensation (NQDC) plan?
An arrangement that allows employees to defer a portion of their compensation until a future date. Often used by employers to provide additional benefits to key
executives beyond what is offered thru qualified retirement plans.
What is the difference between direct and indirect compensation?
- Direct compensation refers to pay systems (salaries, commissions, bonuses)
- Indirect compensation refers to benefits
What is Reporting Pay?
Where employees receive a minimum amount of pay for reporting to work even if there is no work available.
What is Waiting Pay?
Provided when employees are on standby, waiting to be assigned tasks (on call).
What type of pay variation is created when new hires are started at the same wage as workers who have been on the job for two years?
Pay Compression.
What is a Red Circle Rate?
An employee whose pay is above their position’s max rate.
What is a Green Circle Rate?
An employee who is underpaid.