PROBABILITY EXAM QUESTIONS
◉ nonfinancial compensation. Answer: Rewards and incentives
given to employees that are not financial in nature
◉ strategic risk. Answer: Creating new HRM initiatives to strengthen
employees' ethical awareness and company culture
◉ operational risk. Answer: HRM activities directly influencing the
organization's success or failure
◉ financial risk. Answer: Reduction in the cost of hiring employees
◉ compliance risk. Answer: Thinking through legal ramifications of
an employment-related decision
◉ mergers and acquisitions. Answer: Common organizational
strategies for international expansion
◉ culture issues. Answer: Reasons for failure in mergers and
acquisitions
,◉ Communication. Answer: Extremely important interaction
between HR and employees
◉ entrepreneurial, bureaucratic, consensual, competitive. Answer:
The four broad types of organizational culture
◉ Performance. Answer: Culture that leads to consistent excellence
◉ people-oriented. Answer: Culture exemplified by Starbucks
◉ Bureaucratic. Answer: Culture stifling innovation and risk taking
◉ by making the company better at executing its strategy. Answer:
How HRM creates value within an organization
◉ attract, hire, develop, reward, and retain talent. Answer: Purpose
of the organizational function of HRM
◉ Succession. Answer: Planning ensuring availability of leaders
within the organization
◉ performance management. Answer: Aligning individual
employees' goals with organizational goals
, ◉ Training. Answer: HRM function responsible for improving
employee skills
◉ business strategy. Answer: What staffing enables the organization
to execute
◉ Changes. Answer: One of the most common aspects managed by
HRM
◉ Trust. Answer: Key element for employee commitment and
successful change efforts
◉ Cultural. Answer: Issues often causing problems in mergers
◉ Change. Answer: Involving employees can improve commitment
to change
◉ Culture. Answer: Reinforcing or undermining business strategies
◉ Metrics. Answer: Tied to business goals to drive employee
behaviors