Podcast
Podcast
Podcast
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Questions and Answers
Questions and Answers
What is the purpose of HR in an organization?
What is the purpose of HR in an organization?
- To minimize costs and reduce risk
- To ensure the organization achieves success through people (correct)
- To manage the human capital of an organization
- To oversee employee-benefits design
What are the four basic functions of HR?
What are the four basic functions of HR?
- Training and development, performance management, legal compliance, and compensation
- Recruitment, talent acquisition, compensation and benefits, employee relations
- Staffing, training and development, motivation, and maintenance (correct)
- Employee recruitment, training and development, performance appraisal, and reward management
What is HR consulting?
What is HR consulting?
- A related career path where individuals may work as advisers to companies and complete tasks outsourced from companies (correct)
- A strategy to maximize employee performance in service of an employer's strategic objectives
- A function of HR departments to minimize costs and reduce risk
- A market worth US$18.4 billion
What are some of the services offered by HR consulting firms?
What are some of the services offered by HR consulting firms?
What are some of the professional associations that offer training and certification in HR?
What are some of the professional associations that offer training and certification in HR?
What is the impact of technology on HR practices?
What is the impact of technology on HR practices?
What are the two categories of HR positions within companies?
What are the two categories of HR positions within companies?
What is the history of HR?
What is the history of HR?
What are some academic and practitioner publications dealing exclusively with HR?
What are some academic and practitioner publications dealing exclusively with HR?
Questions and Answers
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Flashcards
Flashcards
What is HRM?
What is HRM?
A strategic approach to managing people within an organization, aiming to gain a competitive advantage.
What are the key functions of HR?
What are the key functions of HR?
Employee benefits design, recruitment, training, performance evaluations, and rewarding employees.
What is the core purpose of HR?
What is the core purpose of HR?
Maximizing employee performance to achieve the company's objectives.
Who are HR professionals?
Who are HR professionals?
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How has technology impacted HR?
How has technology impacted HR?
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What is HR consulting?
What is HR consulting?
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What are the core services of HR consultants?
What are the core services of HR consultants?
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How does HR support diversity and inclusion?
How does HR support diversity and inclusion?
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How is HR viewed within a company?
How is HR viewed within a company?
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Flashcards
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Study Notes
Study Notes
Effective Management of People in a Company
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Human resource management (HRM) is a strategic approach to managing people in an organization to help the business gain a competitive advantage.
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HR departments oversee employee-benefits design, employee recruitment, training and development, performance appraisal, and reward management.
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HR is designed to maximize employee performance in service of an employer's strategic objectives.
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The purpose of HR is to ensure that the organization is able to achieve success through people.
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HR professionals manage the human capital of an organization and focus on implementing policies and processes.
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The history of HR can be traced back to the industrial revolution in Europe, and the discipline became formalized as "industrial and labor relations" in the early 20th century.
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HR has four basic functions: staffing, training and development, motivation, and maintenance.
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HR departments have the role of making sure that diverse teams can function and that people can communicate across cultures and borders.
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HR is generally viewed as a support function to the business, helping to minimize costs and reduce risk.
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Generalists and specialists are the two categories of HR positions within companies.
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HR consulting is a related career path where individuals may work as advisers to companies and complete tasks outsourced from companies.
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HR consulting represents a US$18.4 billion market, and the top five revenue-generating firms are Mercer, Ernst & Young, Deloitte, Watson Wyatt, and PwC consulting.The Impact of Technology on HR Practices
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Technology has made HR practices more accessible within organizations and cut costs.
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E-recruiting tools have made it easier for HR professionals to post jobs and track applicants for thousands of jobs in various locations all in one place.
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The use of human resources information systems (HRIS) has made it possible for companies to store and retrieve files in an electronic format for people within the organization to access when needed.
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HRIS allows for information to be accessed in a timelier manner and in a centralized location, enabling professionals to analyze data quickly and across multiple locations.
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Technology allows HR professionals to train new staff members in a more efficient manner, with virtual classrooms making it possible to train a large number of employees quickly and assess their progress through computerized testing programs.
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HR consulting firms offer services on recruitment and talent acquisition, talent management, compensation and benefits, employee relations, training and development, performance management, and legal compliance.
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Some universities offer programs of study for human resources and related fields.
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Professional associations such as the Society for Human Resource Management and the Chartered Institute of Personnel and Development offer training and certification.
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The Institute of Recruiters and WorldatWork focus on "total rewards" and offer certifications and training programs dealing with remuneration and work–life balance.
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The Academy of Management is an academic organization concerned with finding ways to improve the effectiveness of HR and publishes several journals devoted in part to HR research.
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Academic and practitioner publications dealing exclusively with HR include the Journal of Human Resources, Human Resource Management Review, and Human Resource Management Journal.
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Related publications include the Journal of Occupational and Organizational Psychology and the International Journal of Human Resource Management.
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