Podcast
Questions and Answers
Which process specifically analyzes and identifies the need for human resources within an organization?
Which process specifically analyzes and identifies the need for human resources within an organization?
What is the main purpose of job analysis in human resource management?
What is the main purpose of job analysis in human resource management?
Which term describes the planned effort to facilitate learning of job-related competencies among employees?
Which term describes the planned effort to facilitate learning of job-related competencies among employees?
What process involves assigning qualified applicants to jobs after recruitment and selection?
What process involves assigning qualified applicants to jobs after recruitment and selection?
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What is the objective of performance management in an organization?
What is the objective of performance management in an organization?
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Which component of human resource management focuses on the organization of tasks and duties into productive work units?
Which component of human resource management focuses on the organization of tasks and duties into productive work units?
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Which of the following actions is primarily associated with the recruitment process?
Which of the following actions is primarily associated with the recruitment process?
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In the context of developing employees, what is the key difference between training and development?
In the context of developing employees, what is the key difference between training and development?
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What is a primary focus of Human Resource Management (HRM) compared to traditional personnel management?
What is a primary focus of Human Resource Management (HRM) compared to traditional personnel management?
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Which of the following is NOT a responsibility of the Human Resource Manager?
Which of the following is NOT a responsibility of the Human Resource Manager?
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How does the reward system in an organization function?
How does the reward system in an organization function?
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What distinguishes HRM training programs from traditional training programs?
What distinguishes HRM training programs from traditional training programs?
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Which skill is essential for a Human Resource Manager to effectively communicate both good and bad news?
Which skill is essential for a Human Resource Manager to effectively communicate both good and bad news?
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What is the role of line managers in the context of HRM?
What is the role of line managers in the context of HRM?
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What is a key difference between the personnel department and human resource management?
What is a key difference between the personnel department and human resource management?
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Which of the following describes a characteristic of employee-management relations?
Which of the following describes a characteristic of employee-management relations?
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What best describes the primary focus of human resource management?
What best describes the primary focus of human resource management?
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How has the workforce composition changed in recent years according to HRM trends?
How has the workforce composition changed in recent years according to HRM trends?
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What do employees increasingly expect from their employers?
What do employees increasingly expect from their employers?
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What is a key challenge in HRM related to societal expectations?
What is a key challenge in HRM related to societal expectations?
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What does the 'reskilling imperative' refer to in HRM?
What does the 'reskilling imperative' refer to in HRM?
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In the context of performance management, what must HRM adapt to?
In the context of performance management, what must HRM adapt to?
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What trend is influencing changes in compensation and benefits programs?
What trend is influencing changes in compensation and benefits programs?
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What is a significant factor impacting employee relations as per current HRM trends?
What is a significant factor impacting employee relations as per current HRM trends?
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Study Notes
Geopolitical Risks
- Diplomatic tensions and tariff wars disrupt the global supply chain and markets, creating instability.
Functions of HRM
- Human Resource Management (HRM) encompasses acquiring, developing, and maintaining human resources.
Acquiring Human Resources
- Job Analysis: Essential for performance appraisal, employee selection, training, and job design; involves detailed information gathering about job duties and candidate characteristics.
- Job Design: Organizes tasks, duties, and responsibilities to create an efficient work structure.
- Human Resource Planning: Identifies demand and supply for human resources to align workforce with organizational goals.
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Recruitment, Selection, and Placement:
- Recruitment involves seeking applicants.
- Selection is the screening process of applicants.
- Placement assigns qualified candidates to available positions.
Developing Human Resources
- Training and Development: Structured efforts to teach job-related skills and competencies; enhances employee adaptability to changes and new responsibilities.
- Performance Management: Ensures employee activities align with organizational goals; includes performance appraisals as a management tool.
Maintaining Human Resources
- Compensation and Benefits: Comprises all forms of pay and rewards given to employees.
- Employee-Management Relations: Focuses on fostering harmonious relationships between employees and management.
- Employee Discipline, Safety, and Health: Management strategies to control employee behavior while ensuring workplace safety and well-being.
The Human Resource Manager
- Responsible for effective implementation of HRM functions.
- Key skills include:
- Organizational and multitasking abilities.
- Proficiency in communication.
- Specific job-related skills.
- Ethics and fairness.
- Critical and creative thinking.
- Strong writing capabilities.
Strategic Planning
- HRM formerly referred to as personnel department, which mainly handled hiring paperwork and compliance.
- Functions are now categorized into human resource management and development.
- In smaller organizations, managers or owners perform HRM duties.
Personnel Management vs. HRM Focus
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Personnel Management:
- Administers rigid policies.
- Operates standalone training programs.
- Sole responsibility for personnel management.
- Viewed as a cost center.
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HRM:
- Aligns with strategic goals through people.
- Integrates training with company mission and values.
- Shares management responsibilities with line managers.
- Aims to contribute to profit objectives.
HRM Duties
- HRM entails policies and practices that mold employee behavior, attitudes, and performance.
- Encompasses acquiring, training, appraising, compensating employees, and addressing labor relations and fairness.
Trends in Human Resources Management
- Changing Workforce Composition: Rise of alternative workers like freelancers and gig workers.
- Increasing Diversity: Growing racial and ethnic diversity in the workforce.
- Employee Expectations: Demand for personalized work experiences emphasizing transparency, flexibility, and accountability.
- Societal Expectations: Businesses evaluated on their societal impacts and community relations.
- Infrastructural Changes: Labor market dynamics necessitate updates in organizational structures and policies.
- Nature of Work: The division of labor between humans and machines is evolving.
- Industry 4.0: Emphasis on people-oriented skills to leverage new technologies.
- Talent Evaluation and Valuation Changes: New skill requirements compel updates in HR policies and employee assessments.
- Reskilling Imperative: Continuous reskilling and upskilling needed to adapt to emerging trends and technologies.
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Description
This quiz delves into the impact of geopolitical risks, such as diplomatic tensions and tariff wars, on the global supply chain and markets. It also explores the functions of Human Resource Management (HRM), emphasizing the processes of acquiring, developing, and maintaining human resources through job analysis.
