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HRM

Test 1

TermDefinition
Human resource Management All mgmt decisions and practices that directly affect or influence people.
HR FUNCTIONS Planning, Recruitment, Selection, Training, Performance appraisal,developing
What did the Industrial Revolution focus on? Efficiency and Simplicity
Organizational Science focused on overall worker well being. Someone paid attention to their needs.
Organization as a system Change in one area requires readjustment in the entire organization.
Ulrich- HR must: Not shirking responsibility for safety and welfare of employees, discrimination, allowing employees to have a voice, and fairness in pay policies, performance appraisals, termination.
Corporate Reorganizations Loss of jobs, retraining, changes in compensation, new colleagues, change in corporate culture
Increasing diversity in workforce women, minorities, ages
What challenges does diversity present to HR? expect increased input, more decision making
How do you develop a strategic plan? Articulate values, mission statement, SWOT, establish realistic goals, formulate strategies, Implement strategies
Internal part of SWOT Strength and Weaknesses
External part of SWOT Weakness and Threats
5 Traditional categories of resources access to Capital, Location, Technology, Raw Materials, Human
Human resource The only resource that can result in SUSTAINABLE COMPETITIVE ADVANTAGE
Resource-Based Valuable, Rare, Non imitable, Non-substitutable
Types of Corporate-level strategies: Stability, Growth, Turnaround/ Retrenchment
types of Business level strategies? differentiation, cost leadership, focus
Traditional HR Personnel Mgmt....functional, administrative in nature, separated from rest of organization
HR PLANNING STEPS 1: STEP 1 Collect Information
HR PLANNING STEP 2: Forecasting Demand for Human resources
HR PLANNING STEP 3: Forecasting Supply of Human Resources
HR PLANNING STEP 4: Plan and Conduct Needed Programs
HR PLANNING STEP 5: Feedback on Planning Process
Created by: 100001771591595
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