Hrm 361 - Study guides, Class notes & Summaries

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 ...

HRM 361 FINAL EXAM QUESTIONS WITH ANSWERS ALL CORRECT strategic talent management - Answer--Process/identifying the most important jobs in a company that provide long term competitive advantage -creating appropriate HR policies to develop employees so they can effectively work in these jobs -development of employees should be linked to what organization is trying to do -creating effective HR policies -identify critical positon -talent is people skills -process Elements of talent m...

HRM 361 Final Test Questions with Correct Answers Total rewards - Answer-monetary and nonmonetary rewards provided by companies to attract, motivate, and retain employees; pay and benefits Federal/state minimum wage laws - Answer-Fair Labor Standards Act (FLSA): primary federal law affecting compensation which is enforced by the Wage and Hour Division of the U.S. Department of Labor; FLSA sets a minimum wage to be paid to a broad spectrum of covered employees. Congressional action must ...

HRM 361 Final Exam Questions with All Correct Answers Understand the components of total rewards and more specifically, the components of pay; - Answer-Total rewards include direct pay. base salary, variable pay, promotional increases. Indirect pay - benefits, training and recognition. Because it is typically a company's most significant investment, the management of total rewards should be part of the overall strategic business plan. A first step in assessing total reward offerings begins by...

HRM 361 Exam 1 Questions with A Grade Solutions How has HR evolved over time? - Answer-*Industrial Revolution *Collective Bargaining *Scientific Management *World Wars *Human Relations - Hawthorne Studies *Behavioral Science Fields *Legal Realm Growth Stages - Answer-*File Maintenance: early part of 1900s - today *Government Accountability: 1960s - today *Organizational Accountability: 1970s - today *Strategic Partner: 1990s - today - the goal is to increase emphasis on strategic...

HRM 361 TEST 1 QUESTIONS AND ANSWERS ALL CORRECT Functional HRM - Answer-Is a set of interrelated policies, practices, and programs whose goal is to attract, socialize, motivate, maintain, and retain an organization's employees Goal-Based HRM - Answer-Aims to improve the productive contribution of individuals while simultaneously attempting to attain other societal and individual employee objectives HRM Practices - Answer-1. HR PLANNING 2. ANALYSIS & DESIGN OF WORK 3. RECRUITING 4....

HRM 361 Exam 2 Questions with All Correct Answers what is the difference between recruitment and selection? - Answer-recruitment is the process of finding and attracting capable applicant to apply for employment and selection is selecting employees from the capable applicant pool what are the two main goals of recruitment - Answer-to have a qualified applicant pool and want both parties to have accurate perceptions about the other (realistic job preview) internal factors that affect recr...

HRM 361 Questions with Complete Solutions job satisfaction - Answer-A pleasurable feeling that results from the perception that one's job fulfills or allows for the fulfillment of one's important job values engagement - Answer-degree to which employees are fully involved in their work commitment - Answer-degree to which employees thoughts and behaviors are focused on the employer's success turnover - Answer-the process by which employees leave an organization Service industry ...

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 exp...

HRM 361 FINAL EXAM QUESTIONS WITH ANSWERS ALL CORRECT strategic talent management - Answer--Process/identifying the most important jobs in a company that provide long term competitive advantage -creating appropriate HR policies to develop employees so they can effectively work in these jobs -development of employees should be linked to what organization is trying to do -creating effective HR policies -identify critical positon -talent is people skills -process Elements of talent ma...