10 Questions
What is the purpose of training according to the text?
To train employees to match their skills with organizational goals.
Define Performance Management System.
Performance Management System is a process of establishing performance standards and appraising employee performance.
What are the benefits of a Fair, Effective, and Appropriate Compensation System?
Helps attract and retain high-performance employees and impacts the strategic performance of the firm.
List the types of Compensation mentioned in the text.
Base wage or salary, Wage and salary addons, Incentive payments, Skill-based pay, Variable pay.
Define Career Development.
Career development refers to all activities which enhance technical or personal skills, resulting in a desired career.
What is Strategic HRM according to the text?
Strategic HRM is the interface between HRM and strategic management.
Explain the concept of Career in the context of the text.
Career is a sequence of separate but related activities that provides continuity, order, and meaning to one’s life.
What is the significance of Performance Management System?
To arrive at objective HR decisions and provide documentation in support of those decisions.
How does Compensation System impact the strategic performance of a firm?
It impacts the strategic performance by helping attract and retain high-performance employees.
Why are an organization's human resources of critical strategic importance?
An organization's human resources are critical as they contribute significantly to strategic decision-making.
Test your knowledge on the course outline topics covered in Lecture 02 of Human Resource Management. Topics include HR Manager's role, job analysis, planning and recruitment, compensation management, and more.
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