Fundamentals of HRM Exam (CH 1-3) UPDATED ACTUAL Questions And CORRECT Answers
1 view 0 purchase
Course
Fundamentals of HRM
Institution
Fundamentals Of HRM
Fundamentals of HRM Exam (CH 1-3)
UPDATED ACTUAL Questions And
CORRECT Answers
Human Resource Management - CORRECT ANSWER - the policies, practices, and
systems that influence employees' behavior, attitudes, and performance
Strategic HRM - CORRECT ANSWER - - analysis and design of work
- H...
Fundamentals of HRM Exam (CH 1-3)
UPDATED ACTUAL Questions And
CORRECT Answers
Human Resource Management - CORRECT ANSWER - the policies, practices, and
systems that influence employees' behavior, attitudes, and performance
Strategic HRM - CORRECT ANSWER - - analysis and design of work
- HR planning (determining how many employees with specific knowledge and skills are
needed)
- recruiting (attracting potential employees)
- selection (choosing employees)
- training and development (teaching employees how to perform their jobs and preparing them
for the future)
- compensation (rewarding employees)
- performance management (evaluating their performance)
- employee relations (creating a positive work environment)
= company performance
HRM practices can be valuable - CORRECT ANSWER - Decisions such as whom to hire,
what to pay, what training to offer, and how to evaluate employee performance directly affect
employees' motivation and ability to provide goods and services that customers value
Human capital - CORRECT ANSWER - type of resource
an organization's employees, described in terms of their training, experience, judgement,
intelligence, relationships, and insight
, employee's in today's organization's are not interchangeable, easily replaced parts of a system,
but the source of the company's success or failure
by influencing who works for the organization and how those people work, HRM therefore
contributes to basic measures of an organization's performance, such as quality, profitability, and
customer satisfaction
Types of Human Capital - CORRECT ANSWER - training, experience, judgement,
intelligence, relationships, insight
HR is valuable, rare, cannot be imitated, and has no substitutions - CORRECT ANSWER -
HR has enormous potential
High-performance Work System - CORRECT ANSWER - an organization in which
technology, organizational structure, people, and processes work together seamlessly to give an
organization an advantage in the competitive environment
As technology changes the ways organizations manufacture, transport, communicate, and keep
track of information, HRM must ensure that the organization has the right kinds of people to
meet the new challenges
may include development of training programs, recruitment of people with new skills sets, and
establishment of rewards for such behaviors as teamwork, flexibility, and learning
HR Responsibilities - CORRECT ANSWER - 1) administrative services and transactions:
hiring employees and answer questions about benefits
2) business partner services: developing effective HR systems that help the organization meet its
goals for attracting, keeping and developing people with the skills it needs
3) strategic partner: contributing to the company's strategy through an understanding of its
existing and needed HR and ways HR practices can give the company a competitive advantage
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 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 these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller MGRADES. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
