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Stack #4597390

QuestionAnswer
performance management and rewards must be alogned with Training goals
total rewards refers to the sum of all of the rewards employees receive in exchange for their time, efforts, and performance
Compensation received in the form of salary, wages, commissions, stock options, or bonuses Direct financial compensation
Indirect financial compensation Any and all financial rewards not considered direct financial compensation, including health insurance, wellness benefits, paid vacations, and free meals
Rewards and incentives given to employees that are not financial in nature, including intrinsic rewards received from the job itself or from the physical or psychological work environment (e.g., feeling successful or appreciated) Nonfinancial compensation:
Employee-management relations ultimately determine the employment rights of both employers and employees
The staffing process is crucial to how the organization can compete successfully in the marketplace.
The functional areas of HRM are designed to maximize the efficiency and effectiveness of an organization’s talent to meet the organizational goals. All functional areas must be consistent in what they reinforce so they do not undermine each other.
four primary types of risk in HRM 1. Strategic Risk 2. Operational Risk 3. Financial Risk 4. Compliance Risk
Strategic risk involves all aspects of company culture, ethics, investments in people, and the implementation of change.
Operational risk encompasses everything to do with talent acquisition and development
Financial risk is associated with all workforce and productivity costs.
Compliance risk involves the decisions related to legal matters made by the organization.
Created by: mnapole
 

 



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