HRM 361 Exam 1 Questions with Correct Answers
HRM - functional definition - Answer-Is a set of interrelated policies, practices, and programs whose goal is to attract, socialize, motivate, maintain, and retain an organization's employees"
HRM - goal-based - Answer-improve the productive contr...
HRM 361 Exam 1 Questions with Correct Answers HRM - functional definition - Answer -Is a set of interrelated policies, practices, and programs whose goal is to attract, socialize, motivate, maintain, and retain an organization's employees" HRM - goal-based - Answer -improve the productive contribution of individuals while simultaneously attempting to attain other societal and individual employee objectives Human capital - Answer -collective value of capabilities knowledge, skills, life experiences, and motivation of an organizational workforce -training and development: 1. planing, setting goals, 2. recruitment 3. selection 4. compensation and benefits HRM practices - Answer -1. HR planing 2. Analysis & design of work 3. Recruiting 4. Selection 5. Training and development 6. Performance management 7. compensation 8. employee relations HRM functions - Answer -1. Strategy and planning 2. Equal employment opportunity 3. Staffing 4. Talent management 5. Rewards 6. Risk mgmt and worker protection 7. employee and labor relations Strategy and planning - Answer -deals with surplus and shortages, predicting human capital needs/ availabilities -Effectiveness -metrics -technology -planning -retention Equal employment opportunity - Answer -federal/ state laws, equal empl oyment opportunity -compliance -diversity -affirmative action Staffing - Answer -provide sufficient supply of individuals to fill in job organizations -job analysis -recruiting -selection Talent management - Answer -orientation of new employees, training -orientation -training -development -career planning -performance Rewards - Answer --compensation -incentives -benefits Risk mgmt and worker protection - Answer -address workplace risk to ensure employees' protection , meet legal requirements -health -safety -security -disaster and recovery planning employee and labor relations - Answer -relationship between employees and managers handled legally & effectively -employee rights/ privacy -policies -union mgmt relations HRM serves 3 primary constituencies (stakeholders) - Answer -The organization Individual employees Society Evolution of HRM - Answer -1. administrative role -personal -employee -relations ex: payroll, benefits, complaints -outsourced: agency who does payroll 2. Strategic role -evidenced based HR ex: where is organization heading? replacing person? -today Video: container store - Answer --best company to work for -culture= employees first -what is good for community -conscious capitalist=everyone will benefit, fire no one -recession proof strategy= how can you say you're an employee culture, but you lay them off? challenges Influencing HRM - Answer -1. Increased competition (sustainability challenge) 2. A changing workforce 3. Globalization 4. Technology 1. Increased competition (sustainability challenge) - Answer -survive and succeed based on organizational decision making/ profit without sacrificing the resources of its employees, the community, or the environment. a) Knowledge -based b) Service -based -part-time employment ex: independent contractors, on -call workers, temporary workers (who are not employed full-time) 2. A changing workforce - Answer -Aging of the Workforce baby boomers who are approaching retirement age but there is an increasing tendency for older workers to keep working Healthier, longer lives Well educated Increased Diversity of the Workforce
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