Human resources management (HRM) all the activities involved in ACQUIRING, MAINTAINING, and DEVELOPING, an organization's human resources
Human resources planning determining the firm's future human resources needs
Human resources planning -the development of strategies to meet a firm's human res...
FM 116 CH 9 Test Questions and Correct
Answers
Human resources management (HRM) ✅all the activities involved in ACQUIRING,
MAINTAINING, and DEVELOPING, an organization's human resources
Human resources planning ✅determining the firm's future human resources needs
Human resources planning ✅-the development of strategies to meet a firm's human
resources needs
-The organization's overall strategic plan is the starting point of the process.
-From this, human resource planners can forecast future demand for human resources.
Compensation ✅-rewarding employee effort through monetary payments
-Benefits - providing rewards to ensure employee well-being
Performance appraisal ✅assessing employees' current and potential performance
levels
Replacement chart ✅a list of key personnel and their possible replacements within a
firm
Skills inventory ✅a computerized data bank containing information on the skills and
experience of all present employees
Layoffs ✅firing and they can come back
Attrition ✅they leave slowly (vounterally) google- the gradual reduction of a workforce
by employees' leaving and not being replaced rather than by their being laid off.
Early retirement ✅the practice of leaving employment before the statutory age,
especially on favorable financial terms.
Buyouts ✅government offers cash incentives to employees who agree to leave
government employment
Firing ✅THEY LOSE THIER JOB
When the supply of employees is predicted to be greater than the demand, the firm
must take steps to reduce the size of its workforce through: ✅Layoffs- firing and they
can come back
, Attrition - they leave slowly (vounterally) google- the gradual reduction of a workforce by
employees' leaving and not being replaced rather than by their being laid off.
Early retirement- the practice of leaving employment before the statutory age, especially
on favorable financial terms.
Buyouts
Firing
Cultural (or workplace) diversity ✅differences among people in a workforce owing to
race, ethnicity, and gender
Advantages of cultural diversity ✅- Employees with knowledge about another country
and who can communicate in that language can prevent embarrassing mistakes due to
a lack of cultural sophistication. Thus, many companies seek job applicants with a
background in cultures in which the company does business.
- Differences within decision-making and problem-solving groups potentially produce
better decisions through a wider range of perspectives and more thorough critical
analysis of issues.
- Diversity of perspectives and less emphasis on conformity to norms of the past should
improve the level of creativity.
ADD TOO USING SLIDE
The cost of poorly integrating workers increases with diversity. However, companies
that handle diversity well can create cost advantages over those that do a poor job.
Companies can also reduce costs by hiring culturally sensitive and trained workers.
Companies develop reputations as being favorable or unfavorable employers for
women and ethnic minorities. Those with the best reputations will attract and retain the
best personnel.
For multinational organizations, the insight and cultural sensitivity that come from an
international perspective should improve marketing efforts. The same rationale applies
to marketing sub populations domestically.
Culturally diverse employees often are open to a wider array of positions within a
company and are more likely to move up the corporate ladder rapidly.
what makes Cultural diversity successful - where does it start ✅top - a top
management
Job analysis ✅a systematic procedure for studying jobs to determine their various
elements and requirements
The job analysis for a particular position consists of two parts.
Job description ✅a list of the elements that make up a particular job
Job specification ✅a list of the qualifications required to perform a particular job
Recruiting ✅the process of attracting qualified job applicants
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