100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Management Questions and Answers 100% correct CA$15.37   Add to cart

Exam (elaborations)

Management Questions and Answers 100% correct

 4 views  0 purchase
  • Course
  • Human resource management
  • Institution
  • Human Resource Management

Management Questions and Answers 100% correct Human resource management Activities taken to attract, develop, and maintain an effective workforce within an organization The strategic role of HRM is to drive organizational performance Three key elements All managers are involved in HRM Employe...

[Show more]

Preview 1 out of 2  pages

  • August 13, 2023
  • 2
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
  • Human resource management
  • Human resource management
avatar-seller
Management Questions and Answers 100% correct
Human resource management - answer Activities taken to attract, develop, and maintain an effective workforce within an organization
The strategic role of HRM is to drive organizational performance
Three key elements
All managers are involved in HRM
Employees are viewed as assets
Matching process - pairing people to strategy and goals
HRM Goals - answer HRM has three primary goals:
Find the right people
Manage talent
Maintain an effective workforce
Human Capital: The economic value of the knowledge, experience, skills, and capabilities of the members of an organization
Legislation and HRM - answer International HRM: Deals with hiring employees from all over the world, promotes a diverse workforce
Discrimination: Hiring or promoting (or firing or demoting) anyone based on criteria that are not job related
Affirmative Action: A policy that requires Equal Employment Opportunities (EEO) for people in protected groups
Social Contract is changing - answer Job security, loyalty, retirement, promotions - all things that have diminished greatly in the current workplace
Now very incentive based, career development opportunities, partnerships in business improvements, focus on skill development
Innovations of HRM - answer Becoming an employer of choice
Employers have to demonstrate that they are desirable to work for
Utilization of temporary and part-time employees
Organizations can contract out, use virtual workers, or contingent workers (people who work for an organization but not permanently or full-time)
Employers can avoid paying benefits
Promoting Work/Life Balance
Key to retention
Allows for telecommuting - work from home or a satellite location not at the office
Rightsizing
Making the organization the "right size" - can involve downsizing, adding employees, maintaining the current size
Matching Model - Attempting to match employer and employee needs, interests, and values

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 julianah420. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$15.37. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

77764 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
CA$15.37
  • (0)
  Add to cart