Strategic Human Resource Management (HRM)
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Questions and Answers

What is the strategic approach to managing employment relations that emphasizes leveraging people's capabilities for sustainable competitive advantage?

Human Resource Management (HRM)

What does HRM aim to achieve through the development of coherent and mutually-supporting HR policies and practices?

Strategic 'fit' or integration between HR and business planning

In HRM, how are employees typically viewed - as assets or costs?

Assets

What approach to employee relations does HRM typically adopt, assuming no inherent conflict of interest between employers and employees?

<p>Unitarist approach</p> Signup and view all the answers

What is the responsibility of line management in HRM in relation to the delivery of HRM objectives?

<p>Delivery of HRM objectives</p> Signup and view all the answers

Name one of the goals of HRM mentioned in the text.

<p>High commitment</p> Signup and view all the answers

What are some examples of workplace policies that fall under the development of workplace policies by HRM professionals?

<p>Discipline process policy, Vacation time policy, Dress code, Ethics policy, Internet usage policy</p> Signup and view all the answers

Why is compensation and benefits administration important for HRM professionals?

<p>To ensure fair compensation, meet industry standards, and entice people to work for the organization.</p> Signup and view all the answers

What factors contribute to employee retention according to the text?

<p>Compensation, job challenges, manager relationships, organizational culture, and workplace environment.</p> Signup and view all the answers

How does training contribute to higher productivity and employee motivation?

<p>Training ensures employees are skilled for their job, helps them develop new skills, and increases job satisfaction.</p> Signup and view all the answers

What are some examples of employee compensation mentioned in the text?

<p>Health benefits, 401(k) retirement plans, stock purchase plans, vacation time, sick leave, bonuses, tuition reimbursement</p> Signup and view all the answers

Why do HRM professionals need to be aware of workplace laws?

<p>To ensure compliance with legal regulations that affect the workplace.</p> Signup and view all the answers

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