Focus Groups - CORRECT ANSWERS-A discussion held among a
representative group of employees and led by a neautral moderator or
facilitator, which seeks to probe employee attitudes toward a particular issue
or aspect of employment in greater depth than a survey. A form of
qualitative research.
Survey - CORRECT ANSWERS-A structured series of questions presented to
employees in a written or online format, which seeks to measure employee
attitudes toward a particular issue or aspect of employment. Surveys are a
form of qualitative research.
Line Manager - CORRECT ANSWERS-Implement the organizations HR
programs for their direct reports. Appraising the performance of employees,
recommend merit increases or promotion, and increases
Strategic Planning Process - CORRECT ANSWERS-Typically includes an
assessment of those attributes it may have or would like to have to compete
and differentiate itself from its rivals
HRM - CORRECT ANSWERS-Organizational function responsible for attracting,
hiring, developing, rewarding & maintaining talent
Organizational Audit - CORRECT ANSWERS-This assesses six different
organizational characteristics: shared mindset, competence, consequence,
governance, work process/capacity for change, and leadership
Tactical Analysis - CORRECT ANSWERS-The use of analytics to respond to
current, real-time issues employers are facing.
Prescriptive Analytics - CORRECT ANSWERS-This type of analytics includes
experimental design and optimization and suggest a course of action.
Strategic Analytics - CORRECT ANSWERS-The use of analytics involving the
collection and analysis of data to inform long-term decisions or for planning
future initiatives.
, Predictive Analytics - CORRECT ANSWERS-This type of analytics uses data
from the past to predict the future.
External Benchmarking - CORRECT ANSWERS-A comparison between an
organization and similar organizations.
Internal Benchmarking - CORRECT ANSWERS-A comparison between
different periods in a company's history
Needs Assessment - CORRECT ANSWERS-Forward-looking assessments that
involve making predictions
Regression Analysis - CORRECT ANSWERS-A statistical tool that quantifies
the relationship between a dependent variable and one or more independent
variables.
Time Series Analysis - CORRECT ANSWERS-Regression analysis that uses
time as the independent variable
Cluster Analysis - CORRECT ANSWERS-The process of arranging terms or
values based on different variables into "natural" groups.
Decision Analysis - CORRECT ANSWERS-The process of weighing all
outcomes of a decision to determine the best course of action.
Factor Analysis - CORRECT ANSWERS-A statistical analysis used to describe
variability among observed, correlated variables in terms of a potentially
lower number of factors, or unobserved variables.
ANOVA - CORRECT ANSWERS-Analysis of variance; a method of analyzing the
difference in a particular variable between multiple populations.
PEST Analysis - CORRECT ANSWERS-Scanning of outside influences on an
organization as a part of a SWOT analysis: Political, Economic, Social, and
Technical
SWOT Analysis - CORRECT ANSWERS-Strengths, Weaknesses, Opportunities,
Threats. Focuses on identifying factors both within and outside of an
organization that will affect its performance
Porter's Five Forces - CORRECT ANSWERS-Five factors that influence the
success of all businesses. Threat of entry, threat of substitute, supplier
power, buyer power, and competitive rivalry
Training - CORRECT ANSWERS-Activities that seek to expand the knowledge
or skills of an individual so that he or she can better accomplish a current job
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