Name the 4 Employee Relationship perspectives - ANSWERSEgoist, unitarist, Pluralist, Critical
Egoist Perspective - ANSWERSEmployees and employers are self-interested and rational actors
Employees are merely Commodities in the eyes of the organizations
The labor market solves all problems
...
HRM Midterm exam study guide
Questions & Answers
Name the 4 Employee Relationship perspectives - ANSWERSEgoist, unitarist, Pluralist,
Critical
Egoist Perspective - ANSWERSEmployees and employers are self-interested and
rational actors
Employees are merely Commodities in the eyes of the organizations
The labor market solves all problems
Unitarist Perspective - ANSWERSER is a long-term partnership
Markets are imperfect
Seek mutual gain—conflict is AVOIDABLE
Organizational policy should make desired employee behavior the optimal choice
Pluralist perspective - ANSWERSEmployees are economically AND psychologically
motivated
Conflict is inherent
Market/managers cannot resolve it all
Employee rights: Efficiency + (equity & voice)
Critical Perspective - ANSWERSConflict is not just due to non-overlapping interests
Due to fundamental imbalance of social power
Conflict is central to the employment relationship
Employers have substantially more power than employees
This does not appear too much in the united states
A weaker perspective
Much like communism
, How does HR relate to human capital? - ANSWERSHuman resource management
(HRM) is about finding, building, and managing HUMAN CAPITAL
What does KSAO stand for? - ANSWERSKnowledge needed to do a task, Skills can do
a task, Abilities capacity to engage in an activity, Other characteristics
Human Capital - ANSWERSThe stock of knowledge, skills, abilities, and other
characteristics (KSAOs) a person has that gives their labor economic value
Forms of Human Capital - ANSWERSOccupation Specific, Firm specific, and General
Why is HRM important - ANSWERSEnsure proper staffing
Motivate and reward employees
Prevent legal problems
Keep employees happy and productive
Add strategic value to the organization
How is HR organized in small organizations - ANSWERSHR Generalists
How is HR organized in large organizations - ANSWERS1 HR Employee per 100 total
Can be a separate functional group or organized by division
Outsourcing
HR Specialists - ANSWERSResponsible for carrying out various tasks within the HR
department
HR Generalists - ANSWERSResponsible of a wide variety of HR tasks
HRM as a coordinative function - ANSWERSCoordination of HRM activities within the
organization
Functional authority of HRM activities
HRM as a support function - ANSWERSAssist, support, and advise other employees in
HRM activities
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