D351| Human Resource Management
Human Resource Management - Answer-The policies, practices and systems that
influence employees' behavior, attitudes and performance.
The development and implementation of systems in an organization for attracting,
developing and retaining a high-performing workforce.
Objectives of HRM - Answer-Societal objectives, Organizational objectives, Functional
objectives, Personal objectives
Human Capital - Answer-Organization's employees, described in terms of their
training, experience, judgment, intelligence, relationship and insight - the employee
characteristics that can add economic value to the organization.
Valuable - Answer-High quality employees provide a needed service as they perform
many critical functions.
Rare - Answer-A person with high levels of the needed skills and knowledge is not
common.
Cannot be imitated - Answer-To imitate human resources, you would have to identify,
recruit which employees are providing the advantage and how and set up the systems
that enable those people to imitate your high performing competitor.
No good substitutes - Answer-It is difficult to imagine another resource that can match
committed and talented employee.
Analyzing and Designing Jobs - Answer-The tasks are grouped together to form jobs
that help the organization to operate efficiently and to obtain people with the right
qualifications.
Recruiting and Hiring Employees - Answer-Adding employees with the necessary
knowledge, skills, abilities to its workforce, as well as to transfer existing employees to
new positions.
Training and Developing Employees - Answer-Broaden or deepen employees'
knowledge, skills, and abilities as to perform their current jobs, preparing them for their
future jobs, or both.
Managing Performance - Answer-Keeping track of how well employees are
performing relative to objectives.
