HRM supports the organization by creating a system that - ANSWER-1. acquires,
motivated, manages, develops, & retains talent.
2. Improve efficiency and contribute to revenue growth.
3. Complies with legal requirements and limits risk.
What are 4 organizational risk? - ANSWER-1. Strategic
2. Operational
3. Financial
4. Compliance
HRM's 6 Primary Functions that is used to support organizational leaders. -
ANSWER-1. Staffing
2. Performance Management
3. Training & Development
4. Health & Safety
5. Employment-Relations Management
6. Rewards & Benefits
They also provide professional development opportunities to employees to
develop tomorrow leaders.
HRM (Change in organization) - ANSWER-HRM communicates, builds trust,
reduces uncertainty, and reinforces culture.
Biggest Organizational change includes - ANSWER-Mergers & Acquisitons
, HRM (Culture) - ANSWER-"The way we do things around here" The norms,
values, and assumptions within the organization that guide employees' attitudes
and behaviors.
Common Good standard - ANSWER-Ask yourself: is this going to benefit all
companies all over.
Example: child labor, over-time.
Fairness Standard - ANSWER-"Equality": Should everyone be treated equal?
Rights Standard - ANSWER-Should I refuse to do it b/c it violates the law or
company policy?
Example: a Walmart manager asking you to give his family member an employee
discount.
Utilitarian Standard - ANSWER-"Scale": How can I balance doing more good than
harm?
Example: a company needing to cut back on expenses and is contemplating
whether to let 5 pt-timers go or reduce other staff's hours.
Diversity (hiring all kinds of people) - ANSWER-Enables managers to hire, retain,
and motivate the best talent, which helps maximizing organization's performance.
Inclusion (giving all a seat at the table and including in them sharing ideas,
promotions, ...) - ANSWER-They feel they are included, their voices are being
heard.
Affirmative Action - ANSWER-Proactive efforts to eliminate discriminations and
its past effects.
Executive Order 11246 in 1965 (EO 11246 '65) by President Johnson - ANSWER-
Requires federal contractors to have affirmative action plan that set goals for
hiring women and minorities.
Federal Contractors - ANSWER-Employers are considered Federal Contractors.
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