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SPHR Study Guide with Complete Solutions

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SPHR Study Guide with Complete Solutions

Instelling
HRCI SPHR
Vak
HRCI SPHR

Voorbeeld van de inhoud

SPHR Study Guide with Complete
Solutions

Effectiveness - ANS-measures the extent to which objectives are achieved

Correlational Study - ANS-is a study that measures and correlates the relationship
between several processes in an organization; cannot be used to measure a single
internal process

ROI, Cost Benefit Analysis, Break Even Analysis - ANS-are techniques that measures
the effectiveness and efficiency of a single process

Hypothesis - ANS-a tentative explanation for an observation or phenomena that can be
tested through experimentation

Internal Consistency - ANS-is used to assess the consistency of results across items
within a test it is a testing method that test reliability divides two equal parts of one
whole test to measure the degree to which they are all measuring the same variable

Evaluating change process - ANS-an important aspect of ensuring the plan is on track
and that objectives are being met within a pre determined specified timeline

Zero based budgeting - ANS-provides for the analysis of alternative methods of
operation and various levels of effort. It places new objectives and operations on an
equal footing with existing ones by requiring that program priorities be ranked thereby
providing a systematic basis for allocating resources

Incremental budgeting - ANS-bases the new budget on the utilization of the prior budget
and the new needs and objectives for each program in the coming year

Formula budgeting - ANS-applies a specific formula across the organization to calculate
funding.

Incremental budgeting and Formula budgeting - ANS-do not build accountability for
allocating resources to programs that will maximize the return on investments spent
which is required in q recession economy

Benchmarking - ANS-a means of assessing the best practices and performance goals
out in the market amongst the top competitors

, Mean - ANS-calculated by adding the values of the total numbers, divided by the total
number, i.e. 11+5+10+8=34/4 = 8.5

Mission - ANS-a statement that captures an organization's purpose, customer
orientation and business philosophy. It outlines the scope of the organizations specific
activities, provides overall direction and gives a framework to achieve success

Vision - ANS-a statement about what your organization wants to become - definition of
its own success

Strategic plan - ANS-a detailed plan that identifies the activities that an organization/
group will pursue to meet specified objectives.

Organizational values - ANS-has nothing to do with the success or objectives of the
organization; they are acceptable standards, which govern the behavior of individuals
within the organization - it's general ethical code of conduct

Core purpose of environmental scanning - ANS-to identify potential external effects on
an organization, i.e. economic factors, international factors, technical factors, social
factors, political factors, etc.

Economic factors - ANS-inflation, interest rates

International factors - ANS-wage comparisons, trade agreements

Technological factors - ANS-new required skills

Social factors - ANS-corporate responsibility

Employment factors - ANS-immigration, migration shift, unemployment trends,
contingency workforce

Demographic factors - ANS-age differences, percentge unskilled labor

Political factors - ANS-partisan climate, civil unrest

Decentralized environment - ANS-allows for fast paced decision making which is
required in a small company and its growth phase


Break even analysis - ANS-cost benefit analysis which measures the cost of
effectiveness of a program/investment; it is the point at which costs of implementing a
program equal the savings made from investing in the program

Statistical forecasting - ANS-statistics used in order to forecast future trends and
outcomes

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HRCI SPHR

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