Test #1 Flashcards
(77 cards)
What is Human Resources Management (HRM)?
An integrated set of processes, practices, programs, and systems focusing on the effective deployment and development of employees.
HRM is essential for managing workforce dynamics and aligning employee performance with organizational goals.
What are the major HRM activities?
- Recruitment
- Selection
- Training
- Retention
- Compensation
- Employee relations
These activities are crucial for managing human capital effectively.
What are the external factors impacting HRM?
- Labour Market
- Economy
- Production
- Generations of Workers
- Education
External factors shape the environment in which HRM operates, influencing strategies and practices.
What are the internal factors affecting organizations and HR departments?
- Organization Culture
- Management Practice
- Organizational Climate
- Technology
- Globalization
- Government
Internal factors directly influence HRM’s effectiveness and decision-making processes.
True or False: HRM has remained unchanged over the years.
False
HRM has evolved significantly, adapting to changes in workforce dynamics and business contexts.
What role does the Human Resources Professional Association (HRPA) play?
It certifies HR professionals and promotes HR standards and ethics.
HRPA is crucial for maintaining professionalism in the HR field.
What is the impact of globalization on HRM?
It requires HRM professionals to deal with diverse cultures and adapt to varying employment laws and business practices.
Globalization increases the complexity of HRM due to different regulatory environments.
Fill in the blank: HR professionals must recognize and understand the rights of _______ peoples.
First Nations
Understanding Indigenous rights is vital for HRM, especially for companies operating in First Nations territories.
What are the responsibilities of a Human Resource Manager?
- Recruitment
- Training
- Employee relations
- Compliance with labor laws
- Performance management
These responsibilities ensure the effective management of an organization’s human capital.
What challenges does HRM face in today’s environment?
- Talent acquisition in a gig economy
- Managing crises like the COVID-19 pandemic
- Adapting to technological changes
- Cost containment
- Employee wellness
HRM must navigate a rapidly changing landscape to ensure workforce stability and productivity.
How has technology impacted HRM?
- Changes job requirements
- Creates a mobile workforce
- Impacts productivity
- Introduces AI in recruitment
- Facilitates remote training
Technology has transformed HRM processes, requiring continuous adaptation and learning.
What is the significance of the Memorandum of Understanding (MOU) between the Assembly of First Nations and Indigenous and Northern Affairs Canada?
It is crucial for HRM and First Nations communities, guiding employment practices and rights.
The MOU emphasizes the importance of Indigenous rights in HRM practices.
What percentage of an organization’s annual budget typically represents human capital?
60-65%
This highlights the significance of effective HRM in managing financial resources.
What are the core and enabling competencies required in HR?
- Core competencies: Strategic thinking, ethical practice, relationship management
- Enabling competencies: Communication, consultation, organizational awareness
Competencies are essential for the effectiveness and professionalism of HR practitioners.
What has the COVID-19 pandemic accelerated in HR processes?
- Telework
- Remote training
- Fair compensation
The pandemic has fundamentally changed how organizations approach HRM.
What is the purpose of HR Planning?
HR Planning is a strategic process that helps companies plan for future human resources needed to support growth or downsizing.
What are the five main activities involved in HR Planning?
- Review your business goals
- Scan the environment
- Identify the gaps
- Develop your plan
- Measure your progress
True or False: HR planning only considers current employee needs.
False
What is a forecast in the context of HR planning?
An estimate of future human resources that a company needs to be successful.
Name three factors that influence how companies forecast HR needs.
- Strategic Plan
- Legal Issues
- Competition
What is the Nominal Group Method?
A focus group of experts working face-to-face or virtually to forecast HR needs.
What does the Delphi Method involve?
A group of experts predicting specific future events through surveys and opinions.
Fill in the blank: Internal supply refers to __________.
existing employees who can be promoted or transferred
What is the purpose of Labour Market analysis?
To assess the present and future availability of employees.