MQM 323 exam 1 Questions with complete solution
what is HR management? - correct answer designing formal systems in an organization to manage human talent for accomplishing organizational goals
- roles: selecting training, rewarding, managing and retaining employees
What is human capita...
MQM 323 exam 1 Questions with
complete solution
what is HR management? - correct answer ✔designing formal systems in an
organization to manage human talent for accomplishing organizational goals
- roles: selecting training, rewarding, managing and retaining employees
What is human capital? - correct answer ✔collective value of the capabilities,
knowledge, skills, life experiences and motivation of an organization's
workforce
What is the purpose of organizational culture? - correct answer ✔Shared
values and beliefs that give members of an organization meaning and provide
them with rules for behavior
3 roles of HR management/ how have they evolved? - correct answer
✔Assists organizations in achieving higher: profits, Stock price, Productivity
Assists organizations in adapting to a global workforce, age diversity
Navigate government regulations
gig economy - correct answer ✔Most work is performed by freelance
workers rather than full time employees
What are the key benefits and challenges of HR tech? - correct answer ✔-
Helps in strategic HR planning
, -improves administrative and operational efficiency of HR Function
- reduces costs
- supports recruitment, selection and training
- challenge - Overreliance may negatively impact learning
sarbains-Oxly SOCSAQ - correct answer ✔reduces the likelihood of illegal
and unethical behaviors
HR issues - major concerns are linked to executive compensation and
benefits
Requires companies to:
-establish ethics codes
-develop employee complaints systems
-Have anti-retaliation policies for employees who act as whistle blowers to
identify wrongful actions.
HR specialist / HR generalist - correct answer ✔HR generalist: A person who
has responsibility for performing a variety of HR activities
HR specialist: A person who has in-depth knowledge and expertise in a
specific area of HR
strategy vs. strategic planning - correct answer ✔strategy: A plan an
organization follows for how to compete successfully, survive and grow
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