Podcast
Questions and Answers
Which of the following is NOT considered a basic function of the management process?
Which of the following is NOT considered a basic function of the management process?
- Outsourcing (correct)
- Planning
- Leading
- Organizing
Who is primarily responsible for accomplishing an organization's goals by managing its people?
Who is primarily responsible for accomplishing an organization's goals by managing its people?
- Entrepreneur
- Manager (correct)
- Generalist
- Marketer
What function of management involves establishing goals and developing procedures?
What function of management involves establishing goals and developing procedures?
- Planning (correct)
- Leading
- Organizing
- Staffing
If Consuela delegates project authority to Lee, which function of management is she primarily exercising?
If Consuela delegates project authority to Lee, which function of management is she primarily exercising?
When managers assess performance using metrics and create corrective actions, they are engaging in which function?
When managers assess performance using metrics and create corrective actions, they are engaging in which function?
Which activity is commonly associated with the leading function of management?
Which activity is commonly associated with the leading function of management?
Which of the following is NOT a personnel activity commonly associated with human resource management?
Which of the following is NOT a personnel activity commonly associated with human resource management?
A line manager's responsibilities regarding human resources most likely exclude which of the following?
A line manager's responsibilities regarding human resources most likely exclude which of the following?
What role is Wilmer most likely holding in the HR department?
What role is Wilmer most likely holding in the HR department?
Which best describes the structure of the HR services provided at Wilson Manufacturing?
Which best describes the structure of the HR services provided at Wilson Manufacturing?
What organization of the HR function involves assisting top management with personnel strategic planning?
What organization of the HR function involves assisting top management with personnel strategic planning?
What term refers to the collective knowledge, skills, and abilities of a firm's workers?
What term refers to the collective knowledge, skills, and abilities of a firm's workers?
What is the term for workforces composed of freelancers and independent contractors like those at Uber?
What is the term for workforces composed of freelancers and independent contractors like those at Uber?
What is the term for the phenomenon where unemployment rates vary significantly across different occupations?
What is the term for the phenomenon where unemployment rates vary significantly across different occupations?
Which trend in technology most significantly impacts human resource management?
Which trend in technology most significantly impacts human resource management?
What could be an important aspect of evidence-based human resource management?
What could be an important aspect of evidence-based human resource management?
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Study Notes
Management Functions
- The basic functions of management are planning, organizing, leading, and controlling.
- Planning involves establishing goals and standards and developing rules and procedures.
- Organizing includes delegating authority and establishing reporting relationships.
- Leading involves motivating subordinates to achieve organizational goals.
- Controlling involves evaluating performance and taking corrective action.
Human Resource Management
- Human Resource Management (HRM) includes activities such as recruitment, selection, training, performance appraisal, and compensation.
- Line managers have direct responsibilities for achieving organizational goals and managing employees.
- HRM staff provide expertise and support to line managers.
- Recruiters are responsible for attracting and selecting qualified job candidates.
- Compensation managers are in charge of developing compensation and benefits programs.
HRM Department Structures
- Embedded HR teams are assigned to specific departments to provide direct support.
- Centers of expertise are responsible for providing specialized knowledge and services across the organization.
- Shared HR teams provide HR services to multiple departments or business units.
- Corporate HR teams focus on strategic HR issues and work closely with top management.
Human Capital
- Human capital is the knowledge, skills, and abilities of a firm's workforce.
- On-demand workers are freelancers and independent contractors who work on a project basis.
Trends in HRM
- The talent gap describes the mismatch between available workers and the skills required for in-demand jobs.
- Technology is changing the field of HRM with the use of gaming for training, employee-centric mobile applications, and the application of data analytics for decision-making.
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