Human Resource Management EXAM WITH VERIFIED SOLUTIONS

Human resource management the process of designing formal systems in an organization to manage human talent for accomplishing organizational goals. The primary function of HR is to improve the efficiency of people at work. HR can play three different roles administrative, operational, and strategic 00:57 01:38 HR is moving from an ______ focus towards a _____ administrative, strategic The U.S. workforce is more diverse racially and ethnically, has more ____ in it than ever before, and has older _____. women, older The Sarbanes-Oxley (SOX) Act ensures that publicly traded companies follow accounting controls. It requires companies to establish ethics codes, develop employee complaint systems, and have anti-retaliation policies for whistleblowers An organizational mission the core reason for the existence of the organization and what makes it unique. The SWOT starts the planning process by giving managers a clear picture of the ______ business environment A SWOT analysis a listing and evaluation of the company's internal strengths and weaknesses as well as external opportunities Environmental scanning the assessment of External -Ex. economic, demographic and Internal -Ex. quality and quantity of talent, organizational culture, talent pipeline environmental conditions that affect the environment. Forecasting using information from the past and present to predict future conditions Forecasting methods may be either Judgmental (primarily utilizing the opinions of subject matter experts) or Mathematical (utilizing techniques such as regression or simulation), The Delphi technique a judgmental forecasting technique that relies on the repeated input of a group of subject matter experts to determine future employment needs.