Test bank For HRM1200 - Human
Resources I Final Review (Chapter 1, 12,
13, 2, 4 and 6 (13th Edition by Hermann
Schwind)
The process of managing human talent to achieve an organization's objectives - ANSHuman
Resource Management (HRM)
The knowledge, skills, and capabilities of individuals that have economic value to an
organization - ANSHuman Capital
... - ANSThe Six Issues
Responding strategically to Changes in the Local and Global Marketplace - ANSIssue 1
total quality management
reengineering
six sigma a
reactive and proactive change - ANSHR managers need to understand
a set of principles and practice whose core ideas include understanding customer needs, doing
things right the first time and striving for continuous improvement. - ANSSix Sigma
a process used to translate customer needs into a set of optimal tasks that are performed in
concert with one another - ANSTotal Quality Management (TQM)
the planned elimination of jobs in an organization
(Layoffs) - ANSDownsizing
Contracting outside the organization to have work done that formerly was done by internal
employees. - ANSOutsourcing
The business practice of sending jobs to other countries - ANSOffshoring (Global Sourcing)
approx 70-85 percent of the Canadian economy is affected by international competition -
ANSGlobalization
- partnerships with foreign firms
, - lower trade and tariff barriers - ANSImpact of Globalization
Setting and Achieving Corporate Social Responsibility and Sustainability Goals - ANSIssue 2
the responsibility to act in the best interests of the people and communities affected by its
activities
- sustainability is closely related to CSR
- refers to a company's ability to produce a good or service without damaging the environment -
ANSCorporate Social Responsibility (CSR)
Advancing HRM with Technology - ANSIssue 3
A computerized system that provides current and accurate data for purposes of control and
decision-making - ANSHuman Resources Information System (HRIS)
... - ANS3 Impacts of Technology on HRM
automation of routine tasks, lower administrative costs, increased productivity and faster
response times - ANS1. Operational
online recruiting, screening and pretesting of applicants - ANS2. Relational
training, tracking, and selecting employees based on their record of skills and abilities;
organization wide alignment of "cascading" goals - ANS3. Transformational
Containing costs while retaining top talent and maximizing productivity - ANSIssue 4
downsizing
offshoring, nearshoring and homeshoring
outsourcing - ANSLowering Labour related costs include:
Severance and rehiring costs
Accrued vacation and sick day payouts
Pension and benefit payoffs
Potential lawsuits from aggrieved workers - ANSHidden Costs of a Layoff
A fiercely loyal, more productive workforce
Higher customer satisfaction
Readiness to snap back with the economy
A recruiting edge - ANSBenefits of a No-Layoff Policy
The process of dismissing employees who are then hired by a leasing company and contracting
with that company to lease back the employees - ANSemployee leasing
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller AllLegitExams. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for $10.49. You're not tied to anything after your purchase.
