HRM Chapter 1 Quiz

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What is the potential cost-saving impact of offering training, according to the text?

It has no impact on cost containment

It increases the likelihood of legal exposure

It leads to higher expenditures on lawsuits

It can save money in the long run (correct)

What is turnover in the context of HRM?

The movement of jobs overseas to contain costs

The number of employees who leave a company in a particular period of time (correct)

The amount of money spent on employee training

The process of hiring new employees

What is one of the causes of lost revenue, as mentioned in the text?

Ineffective communication (correct)

Employee motivational strategies

Cost containment strategies

Offshoring jobs overseas

What does offshoring refer to in the context of cost containment?

Moving jobs overseas to contain costs Signup and view all the answers

Training employees and management on how to work within the law may lead to increased legal exposure.

False Signup and view all the answers

Health care costs companies approximately $9,764 per year for a single employee.

False Signup and view all the answers

The cost of hiring an employee or replacing an old one can be as high as $9,777 for a position that pays $40,000.

False Signup and view all the answers

Most of the jobs moved overseas through offshoring are manufacturing jobs.

True Signup and view all the answers

What is a cafeteria plan, and how does it contribute to cost containment for health-care plans?

A cafeteria plan gives all employees a minimum level of benefits and a set amount to spend on flexible benefits, such as additional health care or vacation time. It allows employees to choose benefits based on their family situation, contributing to cost containment by offering flexibility and saving money. Signup and view all the answers

How has technology impacted human resources, and what unique challenges does it create?

Technology has created virtual workforces, leading to the need for multicultural or diversity understanding. It has also introduced challenges in managing human resources across different locations. Signup and view all the answers

HRM Chapter 1 Quiz

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Questions and Answers

What is the potential cost-saving impact of offering training, according to the text?

What is turnover in the context of HRM?

What is one of the causes of lost revenue, as mentioned in the text?

What does offshoring refer to in the context of cost containment?

Training employees and management on how to work within the law may lead to increased legal exposure.

Health care costs companies approximately $9,764 per year for a single employee.

The cost of hiring an employee or replacing an old one can be as high as $9,777 for a position that pays $40,000.

Most of the jobs moved overseas through offshoring are manufacturing jobs.

What is a cafeteria plan, and how does it contribute to cost containment for health-care plans?

How has technology impacted human resources, and what unique challenges does it create?

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