Managing Human Ca y y
pital Exam2023
y y
HumanyResourceyStrategyy-yANSWER
Linksytheyentireyhumanyresourceyfunctionywithyt
heyfirm'sybusinessystrategy.
BusinessyStrategyy-yANSWER Definesyhowytheyfirmywillycompeteyinyitsymarketplace.
TotalyRewardsy-yANSWER
Theysumyofyallyrewardsyemployeesyreceivesyinyexchangeyforyt
heirytime,yefforts,yandyperformance.
Theycombinedyintrinsicyandyextrinsicyrewardsyofyayjob.
EmployeeyHandbooksy-yANSWER
Printyoryonlineymaterialsythatydocumentythey
organization'syHRMypoliciesyandyprocedures.
HRM:yHumanyResourceyManagementy-yANSWER
Theyorganizationalyfunctiony
responsibleyforyattracting,yhiring,ydeveloping,yrewarding,yandyretainingytalent.
Outsourcingy-yANSWER
Hiringyanyexternalyvendorytoydoyworkyforytheycompanyyratheryt
hanydoingyityinternally.
NonfinancialyCompensationy-
yANSWERyRewardsyandyincentivesygivenytoyemployeesythatyareynotyfinancialyinynatureyin
cludingyintrinsicyrewardsyreceivedyfromytheyjobyitselfyoryfromytheyworkyenvironment.
IntrinsicyRewardy-yANSWER Non-monetaryyrewardsyderivedyfromytheyworkyitself.
CompetitiveyAdvantagey-
yANSWERyDoingysomethingydifferentlyyfromytheycompetitorythusyleadingytoyoutperforma
nceyandysuccess.
TalentyPhilosophyy-yANSWER
Aysystemyofybeliefsyaboutyhowyanyorganization'sy
employeeyshouldybeytreated.
,SharedyServiceyCentery-yANSWER Centralizedyroutine,ytransaction-
basedyHRMyactivities.
ProfessionalyEmployeryOrganizationy-yANSWER Aycompanyythatyleasesyemployeesyto
,companiesythatyneedythem.
DirectyFinancialyCompensationy-yANSWER
Compensationyreceivedyinytheyformyofy
salary,ywages,ycommissions,ystockyoptions,yorybonuses.
VirtueyStandardy-yANSWER
Theyethicalyactionyisyconsistentywithycertainyidealyvirtuesyi
ncludingycivility,ycompassion,ybenevolence,yetc...
CommonyGoodyStandardy-yANSWER
Theyethicalyactionyshowsyrespectyandy
compassionyforyallyothers,yespeciallyytheymostyvulnerable.
Respectyandycompassionyforyall
CodesyofyConducty-yANSWER
Specifiesyexpectedyandyprohibitedyactionsyinythey
workplaceyandygivesyanyexampleyofyappropriateybehavior.
StakeholderyPerspectivey-yANSWER
Consideringytheyinterestsyandyopinionsyofyally
people,ygroups,yorganizations,yorysystemsythatyaffectyorycouldybeyaffectedybyytheyorg
anization'syactions.
PerformanceyCulturey-yANSWER
Focusesyonyhiring,yretaining,ydeveloping,ymotivating,y
andymakingyworkyassignmentsybasedyonyperformanceydatayandyresults.
OrganizationalyCulturey-yANSWER
Theynorms,yvalues,yandyassumptionsyofy
organizationalymembersythatyguideymembers'yattitudesyandybehaviors.
High-performanceyWorkySystemy-yANSWER
Highyinvolvementyoryhighycommitmenty
organizations.
CodeyofyEthicsy-yANSWER Aydecision-
makingyguideythatydescribesytheyhighestyvaluesytoywhichyanyorganizationyaspires.
RightsyStandardy-yANSWER
Theyethicalyactionyisytheyoneythatybestyrespectsyandyp
rotectsytheymoralyrightsyofyeveryoneyaffectedybyytheyaction.
CorporateySocialyResponsibilityy-yANSWER
Businessesyshowingyconcernyforythey
commonygoodyandyvaluingyhumanydignity.
, FairnessyStandardy-yANSWER
Theyethicalyactionytreatsyallypeopleyequally,yoryatyleastyf
airly,ybasedyonysomeydefensibleystandard.
Ethicsy-yANSWER
Theystandardsyofymoralybehaviorythatydefineysociallyyacceptedyb
ehaviorsythatyareyrightyasyopposedytoywrong.
UtilitarianyStandardy-yANSWER Theyethicalyactionythatybestybalancesygoodyoveryharm.