MGT 420 EXAM 1, CHAPTER 1 REVIEW QUESTIONS AND ANSWERS
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Module
MGT420
Institution
MGT420
Human Resource Management - Answer-utilization of individuals to achieve organizational objectives
Strategic HRM practices and functions - Answer-Staffing, performance management, human resource development, compensation, safety, health
Staffing - Answer-process through which an organization ...
MGT 420 EXAM 1, CHAPTER 1 REVIEW
QUESTIONS AND ANSWERS
Human Resource Management - Answer-utilization of individuals to achieve
organizational objectives
Strategic HRM practices and functions - Answer-Staffing, performance management,
human resource development, compensation, safety, health
Staffing - Answer-process through which an organization ensures that it always has the
proper number of employees with the appropriate skills in the right jobs, at the right
time, to achieve organizational objectives
Performance Management - Answer-Goal-oriented process directed toward ensuring
that organizational processes are in place to maximize the productivity of employees,
teams, and ultimately the organization
Human Resource Development - Answer-Major HRM functions consisting not only of
training and development but also of individual career planning and development
activities, organizational development and performance management and appraisal
Direct financial compensation (core compensation) - Answer-pay that a person receives
in the form of wages, salary, commissions, and bonuses
Indirect financial compensation (employee benefits) - Answer-all financial rewards that
are not included in direct financial compensation
Nonfinancial compensation - Answer-satisfaction that a person receives from the job
itself or from the psychological and/or physical environment in which the person works
Safety - Answer-protection of employees from injuries caused by work related accidents
Health - Answer-Employees' freedom from physical or emotional illness
Who performs HR tasks? - Answer-Human resource professionals, line managers, HR
outsourcing (HRO), shared service center (SSC), professional employer organization
(PEO)
Human resource professional - Answer-individual who normally acts in an advisory or
staff capacity, working with other professionals to help them deal with human resource
matters
Line managers - Answer-individuals directly involved in accomplishing the primary
purpose of the organization
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