HRMT 386 FINAL QUESTIONS AND
ANSWERS
- CORRECT ANSWERwage-rate bargain - CORRECT ANSWER-How much someone
will be paid for the work that they agree to do.
- the first agreement of employment
capitalist economy - CORRECT ANSWER-private ownership of
capital, allocation of resources through ...
wage-rate bargain - CORRECT ANSWER-How much someone
will be paid for the work that they agree to do.
- the first agreement of employment
capitalist economy - CORRECT ANSWER-private ownership of
capital, allocation of resources through market mechanisms,
and profit imperative
Profit imperative - CORRECT ANSWER-The need to profit or
fail
- puts pressure on organizations to cheapen labour
Employer's interests - CORRECT ANSWER-Maximize profits
and profitability while controlling working conditions
,Worker's interests - CORRECT ANSWER-making the most
money for the least amount of work while being safe
social relationship - CORRECT ANSWER-Organizations
require the cooperation from both workers and employers to be
successful
labour market - CORRECT ANSWER-The market where labour
is bought and sold. People supply their labour and it is in turn
demanded by firms.
wage-effort bargain - CORRECT ANSWER-how hard
employees agree to work, given the terms and conditions of the
contract
conflict of interests - CORRECT ANSWER-employers seek to
maximize outputs and minimize costs while employees seek
maximum wages and minimum workload
Human Resource Management - CORRECT ANSWER-
consists of the activities managers perform to plan for, attract,
develop, and retain an effective workforce
- intended to maximize the profitability of employing workers
parts of HRM - CORRECT ANSWER--Job analysis
-recruitment and selection
- skills training and orientation
Two perspectives of HRM - CORRECT ANSWER-1.
competitive advantage depends on happy and committed
workplace
2. tight control of labour costs combined with close supervision
of workers create profitability
human capital - CORRECT ANSWER-Employee's talents,
training, experience, judgement, and intellect
- adds economic value
, return on investment - CORRECT ANSWER-human capital
grows within the organization and creates profits and return on
the investment from the employer
Unatarist perspective - CORRECT ANSWER-workers and
employees have common interest
- HRM decisions reflect the best way to achieve common goal
Pluralist view - CORRECT ANSWER-conflict between
employers and workers is endemic because of the diverging
interests
- distribution of profit and control of the workplace creates
conflicts
social reproduction - CORRECT ANSWER-social construct that
women are responsible for bearing, raising, and educating
children.
- also for taking care of the elderly
male norms - CORRECT ANSWER-many aspects of the
industry are suited for men and not women.
- job design, safety, management design
- job design assumes that employment is primary task and that
social reproduction will be taken care of by someone else
common law contract - CORRECT ANSWER-when an
employer and an individual employee negotiate a contract
covering pay and conditions
- duties, remuneration, wage rate bargain
Employer common law obligation - CORRECT ANSWER-1.
work and remuneration
2. notice of termination
3. safe worksite
4. vicariously liable
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