Podcast
Questions and Answers
What is the primary goal of human asset management?
What is the primary goal of human asset management?
- To cultivate and retain a satisfied workforce contributing to organizational success. (correct)
- To maximize profits by minimizing labor costs.
- To strictly enforce attendance policies and reduce absenteeism.
- To streamline human resource processes through automation.
How does consistent and widespread employee absenteeism typically affect an organization?
How does consistent and widespread employee absenteeism typically affect an organization?
- It diminishes organizational efficiency and effectiveness due to unpredictable staffing levels. (correct)
- It enhances creativity and innovation as employees have more time for personal pursuits.
- It increases overall productivity due to the remaining employees working harder.
- It has no significant impact as long as tasks are eventually completed.
According to Kelagama and Epaarachchi (2003), what is a major factor impacting the Sri Lankan clothing industry's intensity?
According to Kelagama and Epaarachchi (2003), what is a major factor impacting the Sri Lankan clothing industry's intensity?
- High efficiency in production and supply chain management.
- Strict adherence to international labor standards.
- Low efficiency stemming from various issues including poor working conditions. (correct)
- Excessive automation in manufacturing processes.
Which of the following best describes the relationship between employee dedication and organizational commitment?
Which of the following best describes the relationship between employee dedication and organizational commitment?
Besides absenteeism, what other issues did Kelagama and Epaarachchi (2003) identify as contributing to low efficiency?
Besides absenteeism, what other issues did Kelagama and Epaarachchi (2003) identify as contributing to low efficiency?
How might an organization proactively address the issue of frequent employee absenteeism to improve overall efficiency?
How might an organization proactively address the issue of frequent employee absenteeism to improve overall efficiency?
Why is it vital for organizations to view employees as 'human assets' rather than simply labor resources?
Why is it vital for organizations to view employees as 'human assets' rather than simply labor resources?
What could be a potential consequence of neglecting human resource development within an organization?
What could be a potential consequence of neglecting human resource development within an organization?
In the context of organizational efficiency, what is the significance of maintaining open and positive employer-employee dialogue?
In the context of organizational efficiency, what is the significance of maintaining open and positive employer-employee dialogue?
How do restrictive labor regulations potentially contribute to reduced efficiency within an industry?
How do restrictive labor regulations potentially contribute to reduced efficiency within an industry?
Flashcards
Human Asset Management
Human Asset Management
Managing employees to achieve organizational goals and maintain a satisfied workforce.
Absenteeism
Absenteeism
Failure of employees to attend work duties without permission.
Lack of Organizational Commitment
Lack of Organizational Commitment
Lack of commitment to organizational goals, displayed by unreliable attendance.
High Labor Turnover
High Labor Turnover
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Inadequate Human Resource Development
Inadequate Human Resource Development
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Study Notes
- Human asset management focuses on maintaining a satisfied workforce to meet organizational objectives.
- Unauthorized employee absence is common, but frequent or widespread absenteeism is a problem.
- Lack of punctuality demonstrates a lack of commitment, which reduces organizational efficiency.
- Low efficiency is a major issue in the Sri Lankan clothing industry.
- Factors contributing to low efficiency include poor working conditions, lack of commitment, high turnover and absenteeism.
- Additional factors include inadequate HR development, strained dialogue, restrictive regulations, and poor incentives.
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