16 Questions
What is the primary function of Human Resource Management (HRM) in an organization?
To maximize employee performance in service of strategic objectives
What is the term used to describe the stock of competencies, knowledge, and social and personality attributes embodied in the ability to perform labor?
Human capital
What is the primary focus of Human Resource Management (HRM)?
Internal sources of competitive advantage
What is the role of the Human Resources (HR) department in an organization?
To communicate with employees and adapt the organization's culture and structure to their needs
What is the term used to describe any component, model, process, or framework of value that can be leveraged or reused?
Asset
What is the goal of Human Resource Management (HRM) in terms of employee performance?
To maximize employee performance in service of strategic objectives
What is the scope of Human Resource Management (HRM)?
Focuses on internal parts of the organization
What is the primary objective of Human Resource Management (HRM)?
To achieve specific business objectives, fulfill staffing needs, and maintain employee satisfaction
What is the primary focus of HR professionals in managing human resources?
Emphasizing quantitative, calculative, and strategic aspects of human resource management
What is the main goal of HR at the organizational level?
Overseeing organizational leadership and culture
What is the primary role of HR in the recruitment process?
Attracting the right candidates for the job
What is the purpose of performance appraisals in HR?
To assess employee talent and provide rewards
What is the primary responsibility of HR in relation to labor laws and ethics?
Ensuring compliance with labor laws and ethics
What is the role of HR in circumstances where employees desire a collective bargaining agreement?
To serve as the company's primary liaison with the employees' representatives
What is the primary focus of HR at the employee level?
Managing the employee experience during the employment life cycle
What is the role of HR in relation to employee benefits and payroll?
HR plays a strategic role in managing payroll and employee benefits
Study Notes
Human Resource Management (HRM)
- Views people as organizational assets and internal customers, aiming to create job satisfaction and employee efficiency and effectiveness.
- Concentrates on internal sources of competitive advantage, regarding people as an organization's most important asset.
HR Department Responsibilities
- Communicates with employees and adapts the organization's culture and structure to their needs.
- Leads the employment life cycle, from attracting and hiring the right employees to facilitating performance reviews and eventually processing terminations.
Key Terms
- Asset: Any component, model, process, or framework of value that can be leveraged or reused.
- Human Capital: The stock of competencies, knowledge, and social and personality attributes embodied in the ability to perform labor to produce economic value.
HRM Functions
- Aligns human resources and business goals.
- Re-engineers organization processes.
- Listens and responds to employees to maintain high job-satisfaction levels.
- Manages transformation and change.
- Oversees staffing (hiring and firing) and training.
- Understands and integrates labor laws and ethics.
Organizational Level Responsibilities
- Oversees organizational leadership and culture.
- Ensures compliance with employment and labor laws, differing by geography.
- Oversees health, safety, and security.
- Serves as the company's primary liaison with employees' representatives (usually a labor union).
Employee Level Responsibilities
- Manages the employee experience during the employment life cycle.
- Attracts the right employees.
- Selects the best employees through recruitment.
- Onboards new hires and oversees their training and development.
- Assesses talent through performance appraisals and rewards accordingly.
- Sometimes administers payroll and employee benefits.
This quiz covers the principles and practices of Human Resource Management, including its role in creating job satisfaction and employee efficiency, and its impact on organizational culture and structure.
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