Exam (elaborations)
HR Management 635 - Chapter 1 With Complete Solutions Latest Update
- Course
- HRM 635
- Institution
- Southern New Hampshire University
HR Management 635 - Chapter 1 With Complete Solutions Latest Update
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Solution 2024/2025Pepper
HR Management 635 - Chapter 1 With
Complete Solutions Latest Update
Human Capital ANS✔✔ The collective value of the capabilities, knowledge,
skills, life experiences, and motivation of an organizational workforce.
Human resource management ANS✔✔ selecting, training, rewarding,
managing, and retaining employees
Why orgs need HRM? ANS✔✔ Assists orgs with:
-profits
-stock price
-productivity
-adapting to globalized workforce, age diversity, and gov't regulations
core competency ANS✔✔ A unique capability that creates high value for a
company
Organizational assets ANS✔✔ physical, financial, intellectual property,
human assets
Ability-motivation-opportunity model (AMO) ANS✔✔ lead to greater skill,
motivation, and greater opportunity for works to contribute to the org
, Solution 2024/2025
Pepper
Productivity ANS✔✔ Measure of the quantity and quality of work done,
considering the cost of the resources used.
unit labor cost ANS✔✔ -Computed by dividing the average cost of workers
by their average levels of output
-Can be improved by org restructuring, redesigning work, aligning HR
activities, and outsourcing
Innovation ANS✔✔ process whereby new ideas are generated that create
value for an org by selecting good talent, training, sharing of knowledge
Organization culture ANS✔✔ the shared values, principles, traditions, and
ways of doing things that influence the way organizational members act
-Affects service and quality
-Productivity and financial results
7 HR Functions ANS✔✔ -strategy and planning
-equal employment opportunity
-talent acquisition,
-talent management
-total rewards
-risk management and worker protection
-employee and labor relations
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