Managing Human Capital C202 Exam Study Questions and Answers Verified 2024
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Module
Managing Human Capital C202.
Institution
Western Governors University
Describe the primary Functions of HR - 1. Staffing
2. Health and Safety
3. Performance Management
4. Rewards and Benefits
5. Training and Development
6. Employee and Management Relations
Staffing - Acquiring, Allocating and retaining the right employees to give the company a strategic advan...
Managing Human Capital C202 Exam Study Questions
and Answers Verified 2024
Describe the primary Functions of HR - 1. Staffing
2. Health and Safety
3. Performance Management
4. Rewards and Benefits
5. Training and Development
6. Employee and Management Relations
Staffing - Acquiring, Allocating and retaining the right employees to give the company a
strategic advantage.
Health and Safety - Keep your employees safe at work for ethical and compliance
reasons. Including physical and mental health.
Employee Management relations - Making sure both the employee and manager are
represented fairly and bothy have rights. Works with unions if necessary
Training Development - Keeping employees trained on how to best do their jobs and up
to date on skills needed
Rewards and Benefits - Making sure to keep employees rewarded and compensated
fairly for their work and providing benefits to retain talent
Managing Human Capital C202 Exam
, Managing Human Capital C202 Exam
Performance Management - Align employees goals with companies goals and
appraising and evaluating past and current work
Why is HRM important? - - improves efficiency
- contributes to revenue growth
- manages risk
- Convert potential performance to actual performance
- influences what people should, can and will do
How does HRM Support business strategy - - Aligns company's values and goals with
employees values and goals
- influences strategies of each function
- Creates integrated HRM execute business strategy
How does HRM support organizational leadership? - Human resource compliance,
balancing policy an legal requirements, and keeping employees engaged , motivated
and productive.
Ethical Standards - 1. Utilitarian Standard
2. Rights Standard
3. Fairness Standard
4. Common Goods Standard
5. Virtue Standard
Utilitarian Standard - Balances good over harm. Doing most good or least harm
Managing Human Capital C202 Exam
, Managing Human Capital C202 Exam
Rights Standard - Best respects and protects everyone's moral rights including right to
privacy, to be told the truth or safe. E.g. A manager tells and employee to handle toxic
substance without protective gear, the employee can refuse
Fairness standard - Everyone is treated equally or at least fairly.
Common Good Standard - Shows respect and compassion for everyone, especially the
most vulnerable. E.g. No child labor, unsafe working conditions
Virtue Standard - Contains ideal virtues like civility, compassion, benevolence. E.g.
REcalling products that are dangers our defect
How HRM can create the foundation for success of a merger or acquisition - 1.
Participating in conducting due diligence
2. Developing practices that support knowledge transfer and rapid learning
3. Developing strategies to retain top talent and release poor performers
4. Monitoring the new culture to identify ways to strengthen it
5. Planning for continuous adjustment and learning through the process
Describe how Human Resource Managers may serve as internal consultants for
managment - -Promotes employee participation, commitment and identification with the
organization
-Helps hire the right talent and helps decide who to let go during layoffs
Explain how HRM practices reinforce organizational culture - - Formalized Expectations
and guides employees when policies don't exist
- Determines who is hired and fired
- Determines trainings, goals accountability and who is rewarded
Managing Human Capital C202 Exam
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