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answers
Human Resource Management - CORRECT ANSWERS
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✔✔Designing formal systems in an organization to
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manage human talent for accomplishing organizational
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goals.
Why Organizations Need HRM - CORRECT ANSWERS ✔✔-
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Address worker engagement, performance, leadership
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development, retention |\
-Manage health care, retirement concerns, hiring, and
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educating |\
-Manage a globalized workforce, diversity, sustainability,
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and social media
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-Facilitate the sharing of employee knowledge and
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expertise
Core Competency - CORRECT ANSWERS ✔✔A unique
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capability that creates high value and differentiates an
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organization from its competition |\ |\ |\
,Human Capital - CORRECT ANSWERS ✔✔Collective value
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of the capabilities, knowledge, skills, and motivation of an
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organizations workforce
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Productivity - CORRECT ANSWERS ✔✔A measure of the |\ |\ |\ |\ |\ |\ |\ |\
quantity and quality of work done, considering the cost of
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resources used
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Unit Labor Cost - CORRECT ANSWERS ✔✔A measure of HR
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productivity computed by dividing the average cost of
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workers by their average levels of output
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Organizational Culture - CORRECT ANSWERS ✔✔Shared |\ |\ |\ |\ |\ |\
values and beliefs that give members of an organization
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meaning and provide them with rules for behavior |\ |\ |\ |\ |\ |\ |\
HR Management Functions - CORRECT ANSWERS ✔✔-HR
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strategy and planning |\ |\
-Equal employment opportunity |\ |\
-Staffing
-Talent management and development
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-Rewards
-Risk management and worker protection
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-Employee and labor relations |\ |\ |\
, HR Management External Influences - CORRECT
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ANSWERS ✔✔-Global |\
-Environmental |\
-Cultural/Geographic
-Politcal
-Social
-Legal
-Economic
-Technological
Roles of HR Management - CORRECT ANSWERS
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✔✔Administrative, Operational, Strategic |\ |\
HR Management Challenges - CORRECT ANSWERS ✔✔-
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Competition -Cost Pressures, and Restructuring
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-Globalization
-A Changing Workforce
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-Human Resource and Technology
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Competition, Cost Pressures, and Restructuring -
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CORRECT ANSWERS ✔✔-Job shifts
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-Skill shortages
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