Human Resource Management - correct answer ✔✔the process of managing human talent to achieve
and organization's objectives
Human Capital - correct answer ✔✔knowledge, skills, and capabilities of individuals that have economic
value to an organization
downsizing - correct answer ✔✔planned elimination of jobs
outsourcing - correct answer ✔✔hiring outside the company to perform processes previously done
within the firm
offshoring - correct answer ✔✔sending jobs to other countries
Issues in HRM due to globalization - correct answer ✔✔(1) better informed employees who are willing to
pursue global job opportunities, (2) gauging the knowledge and skill base of workers worldwide, (3)
relocating and training foreign managers abroad to direct the efforts of an international workforce
corporate social responsibility - correct answer ✔✔responsibility of the firm to act in the best interest of
the people and communities affected by its activities
sustainability - correct answer ✔✔ability to produce a good or service without damaging the
environment or depleting a resource
collaborative software - correct answer ✔✔allows workers to interface and share information with one
another electronically
,knowledge workers - correct answer ✔✔workers whose responsibilities extend beyond the physical
execution of work to include planning, decision-making, and problem solving
Human Resource Information System (HRIS) - correct answer ✔✔provides current and accurate data for
purposes of control and decision-making
productivity - correct answer ✔✔output gained from a fixed amount of inputs
managing the size of the workforce - correct answer ✔✔size should match the firm's demand
requirements, strategic decision, and competition
nearshoring - correct answer ✔✔bringing jobs closer to domestic countries
homeshoring - correct answer ✔✔outsourcing work to domestic workers who work out of their homes
furloughing - correct answer ✔✔the practice of requiring employees to take time off for either no pay or
reduced pay
employee leasing - correct answer ✔✔dismissing employees who are then hired by a leasing company
and contracting with that company to lease back the employees
silent generation - correct answer ✔✔generation from 1900-1945
baby boomers - correct answer ✔✔generation from 1946-1964
generation X - correct answer ✔✔generation from 1965-1980
millennials - correct answer ✔✔generation from 1981-2000
Nexters - correct answer ✔✔generation from 2001 and after
, employee engagement - correct answer ✔✔the extent to which employees are enthused about their
work and committed to it
Line Managers - correct answer ✔✔non-HR managers who are responsible for overseeing the work of
other employees
responsibilities of HR managers - correct answer ✔✔strategic advise and counsel, service, policy
formulation and implementation, employee advocacy
Human Resource Competency Model - correct answer ✔✔Business Mastery, HR Mastery, Personal
Credibility
elements of a recruiting strategy - correct answer ✔✔Brand, Focus, Location, Method, Timing, Decision
internal labor markets - correct answer ✔✔markets in which workers are hired into entry-level jobs.
Higher-level jobs are filled from within
Timing - correct answer ✔✔Recruiting plans are to be based on a firm's business strategies, company
talent, and future needs
Recruiting process outsourcing - correct answer ✔✔practice of outsourcing an organization's recruiting
function to an outside firm
branding - correct answer ✔✔a company's efforts to help existing and prospective workers understand
why it is a desirable place to work
external recruiting methods - correct answer ✔✔advertising, walk-in, unsolicited applications, resumes,
internet and social media, mobile recruiting, employee referrals, re-recruiting, executive search firms,
educational institutions, professional associations and labor unions, public and private employment
agencies, staffing agencies, independent contractors, employee leasing
nepotism - correct answer ✔✔the preference for hiring relatives of current employees
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 credit card 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 these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Sanchy062. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $18.49. You're not tied to anything after your purchase.