Resource Management- Already Passed
Managerial Estimates ✔✔The most common method of estimating HR demand. These are
typically made by top management (a top-down approach).
Multiple Linear Regression ✔✔An extension of simple linear regression analysis. However,
instead of relating employment to just one variable, multiple variables are used.
Nominal Grouping Technique ✔✔A group process involving problem identification, solution
generation, and decision-making.
Redundancy Planning ✔✔HR planning associated with the process of laying off employees who
are no longer needed.
Replacement Planning ✔✔This type of planning uses charts that show the names of the current
occupants of positions in the organization and the names of likely replacements.
Simple Linear Regression ✔✔A projection of future demand is based on a past relationship
between the organization's employment level and a variable related to employment, such as sales
and shows how these measures are connected.
Succession Planning ✔✔This type of planning tends to be long-term, developmental, and flexible.
Although this type of planning is widely practiced, many employers who use it tend to emphasize
characteristics of the managers and downplay characteristics of the positions to which the
managers may eventually be promoted.
,Deontological Theories ✔✔These theories of ethics evaluate the rightness or wrongness of an
action based on how well that action conforms to some rule or principle, regardless of the
consequences.
External Environment ✔✔The factors that organizations and their managers have no control over,
such as legislation, changes in technology, competition, and so on.
HR ✔✔Often referring to the department charged with overseeing an organization's personnel or
human resources.
Human Resource Management (HRM) ✔✔Is responsible for the recruitment, selection, training,
and motivation of the organization's employees and is therefore concerned with the fundamental
task of defining and analyzing jobs in organizations.
Internal Environment ✔✔Factors that organizations control as they interact in the global
marketplace, such as culture, product development, and strategy.
Quality of Work Life ✔✔The quality of life experienced by employees in their work environments.
SWOT Analysis ✔✔An acronym for strengths, weaknesses, opportunities, and threats. This
analysis provides the firm actionable direction for competing in the marketplace.
Strategy ✔✔The plan an organization has to compete in a marketplace. A strategy can consist of
products and services, employees, and the organization's goals, among other things.
Strengths ✔✔A company's core competencies, abilities, and capacities that give it an advantage
when meeting the needs of target customers.
Technology ✔✔The equipment and knowledge used to produce goods and services. The exact
meaning varies widely among industries and fields.
, Threats ✔✔Conditions, trends, or barriers in the external environment that hinder firm
performance.
Utilitarian Theories ✔✔A theory of ethics that evaluates the rightness or wrongness of an action
based on the consequences of that action.
Define internal factors impacting business strategies. ✔✔Internal business strategies are:
* company strategy & culture
* company structure
* company size
* top management
* company HR perceptions
* internal technology available
Define external factors impacting business strategies. ✔✔* changing technology
* economy
* competition
* Globalization
* Legislation
Peer Appraisal ✔✔Performance Assessment of an employee's performance or future success by
his or her work colleagues. Often considered an effective tool when teamwork and participation
are part of the organizational culture.
List the Administrative use of Performance Appraisals (PA)/Evaluations. ✔✔1. Salary in-/de-
creases
2. Demotions
3. Layoff
4. Promotions/transfers