Questions and Answers
What is Professional Practice?
A cluster of competencies related to the ability to conduct oneself in a professional manner and to exhibit high levels of professionalism in all contexts and situations.
What does the Code of Ethics provide?
Sets out the principles that guide member conduct and tend to be more directional than specific.
What are Standards of Practice?
Detailed guidelines for specific professional activities.
What are practice guidelines?
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What are the 7 main principles in the Code of Ethics?
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What are the four components of the Rules of Professional Conduct?
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Under which competency would John Smith's lie about professional liability insurance fall?
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What must HRM professionals do?
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Who do HRPA rules of Professional Conduct apply to?
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Do HRPA members need to have professional liability insurance?
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What do we offer people who are downsized?
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What are the four C's for downsizing?
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What is incremental growth?
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What is international growth?
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What is acquisition?
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What is a merger?
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What is domestic strategy?
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What is a multidomestic strategy?
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What is a multinational strategy?
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What is a global strategy?
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What does ethnocentric mean?
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What does polycentric mean?
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What does geocentric mean?
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What is an expatriate?
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What are host-country nationals?
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What are parent country nationals?
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What is strategic planning?
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What is organizational effectiveness?
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What recruitment option should a company use when implementing a Polycentric HRM approach?
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What recruitment option should a company use when implementing an Ethnocentric HRM approach?
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What is an example of a soft goal?
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According to the HRPA Competency Framework, how can Organizational Effectiveness be described?
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What do the Rules of Professional Conduct define?
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When can you divulge confidential information?
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How should you identify risks?
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What does ethics entail?
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What is strategy?
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What is the best method for aligning HR strategy with business strategy?
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What are the four types of corporate restructuring strategies?
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What are the four types of corporate growth strategies?
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What is a third-country national?
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What are expatriates?
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What is a low-cost leader strategy?
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What are practice standards?
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What is human capital theory?
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What is internal fit in HR strategy?
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What is organizational fit in HR strategy?
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What is strategy formulation?
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What is strategy implementation?
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What are some environmental factors to consider when formulating strategy?
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What is restructuring in strategy?
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What is growth in strategy?
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What is stability in strategy?
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What is turnaround strategy?
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What is divestiture?
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What is liquidation?
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What is bankruptcy?
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What programs can be offered to employees to help adjust to job loss?
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What is Strategic International Human Resources Management?
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What is home-based policy?
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What is host-based policy?
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What is region-based policy?
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What are the steps in the strategic planning process?
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What is a broad differentiation strategy?
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What are focused (or market niche) strategies?
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What is a best-cost provider strategy?
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What is a lower cost focused or market-niche strategy?
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What is competitive advantage?
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What is workforce planning?
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What is HR forecasting?
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What are the years for the current, short-run, medium-run, and long-run forecasts?
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What is transaction-based forecasting?
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What is event-based forecasting?
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What is process-based forecasting?
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What does demand refer to in HR terms?
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What does supply refer to in HR terms?
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We have a demand of 300 individuals. Our supply is 250 individuals. Are we in a surplus or deficit?
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What is trend analysis?
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What is ratio analysis?
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What are time series models?
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What is regression analysis?
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What is the scenario planning process?
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What is the nominal group technique?
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Which demand forecasting technique would you use to determine your requirements over the next 1-2 weeks?
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What is the Delphi technique?
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Which forecasting techniques are used for demand?
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Which forecasting techniques are used for supply?
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What is Markov analysis?
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What is linear programming?
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What are skills and management inventories?
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What is replacement analysis?
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What is succession management?
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What is movement analysis?
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What are vacancy models?
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What are the steps in forecasting?
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How would you address surplus at a company?
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How would you address deficit at a company?
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What is the succession management process?
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Which forecasting technique provides a long-run qualitative forecast where experts meet and give their assessments about the future?
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Study Notes
Professional Practice
- Refers to the competencies necessary to behave professionally and maintain high professionalism in all contexts.
Code of Ethics
- Comprises principles guiding member conduct; more directional than specific regulations.
Standards of Practice
- Consists of detailed guidelines for specific professional activities.
Practice Guidelines
- Recommendations for best practices using suggestive language (should/might).
7 Main Principles in the Code of Ethics
- Include Competence, Legal Requirements, Dignity in the Workplace, Balancing Interests, Confidentiality, Conflict of Interest, and Professional Growth and Support.
Components of Rules of Professional Conduct
- Covers Registration, Regulation of Professional Conduct, Complaints/Investigations, and Appeals/Reviews.
Professional Misconduct Example
- Lying about professional liability insurance falls under Professional Practice competency.
Responsibilities of HRM Professionals
- Must comply with statutory acts and regulations related to HRM within their jurisdiction.
Application of HRPA Rules of Professional Conduct
- Applicable to all HRPA members, regardless of their role (policy-makers or consultants).
Requirement for Professional Liability Insurance
- HRPA members must maintain adequate professional liability insurance.
Support for Downsized Employees
- Options include severance packages, extended benefits, education, and retraining.
Four C's for Downsizing
- Encompasses Comprehensive Planning, Communication, Credibility, and Compassion.
Incremental vs. International Growth
- Incremental growth refers to gradual development of products/services; international growth seeks new global customers/markets.
Acquisition and Merger Concepts
- Acquisition is when one company purchases another; merger involves combining resources of two organizations.
Strategies in Different Markets
- Domestic strategy targets the Canadian market; multidomestic strategy extends to two countries; multinational entails three or more; global strategy centralizes with a head office and regional branches.
Management Orientation Types
- Ethnocentric assumes parent company management is best; polycentric assigns key positions to host country nationals; geocentric selects the best candidates regardless of origin.
Expatriate Definition
- Individuals residing in a foreign country, having left their home country.
Types of Nationals in International HRM
- Host-country nationals are local to the subsidiary; parent country nationals are from headquarters; third-country nationals have international experience but are not from either of the previous two categories.
Strategic Planning Overview
- Involves the organization’s direction, performance goals, and approaches outlined in a formal document.
Organizational Effectiveness
- Measures the success of an organization in achieving its intended outcomes.
Recruitment in Polycentric and Ethnocentric Approaches
- Polycentric approaches favor host country nationals for recruitment; ethnocentric approaches favor parent country nationals.
Soft Goal Example
- Employee satisfaction is identified as a soft goal.
HRPA Competency Framework on Organizational Effectiveness
- Focuses on aligning cultural initiatives with the organization's strategy.
Rules of Professional Conduct
- Specifies expected member behaviors, outlining professional practice "dos and don'ts."
Confidential Information Disclosure
- Permissible only when legally required or when imminent serious harm is evident.
Risk Identification Process
- Involves identifying, assessing, strategizing, implementing, and communicating risks, engaging all involved parties.
Ethics in Organizations
- Involves making judgments regarding acceptable behavior in relation to people and processes within the organization.
Strategy Definition
- Involves formulating missions, goals, and action plans considering competition and environmental factors.
Best Method for Aligning HR and Business Strategy
- Most effective when leveraging a reciprocal relationship model.
Corporate Restructuring Strategies
- Includes Turnaround, Divestiture, Liquidation, and Bankruptcy.
Corporate Growth Strategies
- Encompasses Domestic, Multidomestic, Multinational, and Global strategies.
Compensation Policy Options
- Home-based ensures no financial loss; host-based aligns pay with local counterparts; region-based matches compensation to regional standards.
Steps in Strategic Planning Process
- Establish mission/vision/values; develop objectives; conduct SWOT analysis; define competitive position; implement strategy; and evaluate results.
Competitive Strategies
- Low-cost leader focuses on price; broad differentiation seeks unique features; best-cost provider emphasizes value.
Workforce Planning Process
- Involves strategic alignment of workforce strategies to achieve business outcomes.
HR Forecasting Essentials
- Includes determining personnel demand and assessing internal supply for current and future needs.
Demand vs. Supply Definitions
- Demand signifies the requirement for personnel; supply refers to the availability of workers to meet that demand.
Addressing Surpluses and Deficits
- Surplus solutions: layoffs, job sharing, hiring freezes; deficits: recruitment, recalling laid-off employees.
Succession Management Process
- Aligning workforce skills with business strategy through training and monitoring of high-potential employees.
Forecasting Techniques
- Demand forecasting includes Trend Analysis, Regression Analysis, and Nominal Group Technique; supply forecasting involves Markov Analysis and Linear Programming.
Vacancy Models and Movement Analysis
- Examine compensation levels and analyze how personnel movements affect supply and demand.
Outplacement Programs
- Provide counseling and job-seeking assistance for terminated employees.
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Test your knowledge of essential terms related to Human Resources Professionalism with these HRPA class flashcards. This quiz covers key concepts such as Professional Practice, Code of Ethics, and Standards of Practice. Perfect for those studying for HR certification or wanting to strengthen their HR knowledge.