Human Resource Management (HRM) Concepts and Definitions, Exams of Law

A comprehensive overview of key concepts and definitions related to human resource management (hrm). It covers various aspects of hrm, including training and development, career planning, job analysis, recruitment, selection, performance management, compensation, safety, and health. The document also explores ethical considerations in hrm, including corporate social responsibility, ethics, and legal compliance. It is a valuable resource for students and professionals seeking to understand the fundamentals of hrm.

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2024/2025

Available from 12/20/2024

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SPEA
-
V 373 Exam 1
Training - ✔️✔️designed to provide learners with the knowledge and skills needed for
their present jobs
Development - ✔️✔️involves learning that goes beyond today's job and has a more
long-term focus
Organizational development - ✔️✔️planned and systematic attempts to change the
organization, typically to a more behavioral environment
Career planning - ✔️✔️ongoing process whereby an individual sets career goals and
identifies the means to achieve them
Career development - ✔️✔️a formal approach used by the organization to ensure that
people with the proper qualifications and experiences are available when needed
Job analysis - ✔️✔️the systematic process of determining the skills, duties, and
knowledge required for performing jobs in an organization
Job analysis impacts... - ✔️✔️- planning
- recruitment
- selection
Human Resource Planning - ✔️✔️the systematic process of matching the internal and
external supply of people with job openings anticipated in the organization over a
specified period
Recruitment - ✔️✔️the process of attracting individuals on a timely basis, in sufficient
numbers, and with appropriate qualifications to apply for jobs within an organization
Selection - ✔️✔️the process of choosing the individual best suited for a particular
position and the organization from a group of applicants
Performance management - ✔️✔️a goal-oriented process that is directed toward
ensuring that organizational processes are in place to maximize the productivity of
employees, teams, and the organization
Performance appraisal - ✔️✔️a formal system of review and evaluation of individual or
team task performance
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SPEA-V 373 Exam 1

Training - ✔️ ✔️ designed to provide learners with the knowledge and skills needed for their present jobs Development - ✔️ ✔️ involves learning that goes beyond today's job and has a more long-term focus Organizational development - ✔️ ✔️ planned and systematic attempts to change the organization, typically to a more behavioral environment Career planning - ✔️ ✔️ ongoing process whereby an individual sets career goals and identifies the means to achieve them Career development - ✔️ ✔️ a formal approach used by the organization to ensure that people with the proper qualifications and experiences are available when needed Job analysis - ✔️ ✔️ the systematic process of determining the skills, duties, and knowledge required for performing jobs in an organization Job analysis impacts... - ✔️ ✔️ - planning

  • recruitment
  • selection Human Resource Planning - ✔️ ✔️ the systematic process of matching the internal and external supply of people with job openings anticipated in the organization over a specified period Recruitment - ✔️ ✔️ the process of attracting individuals on a timely basis, in sufficient numbers, and with appropriate qualifications to apply for jobs within an organization Selection - ✔️ ✔️ the process of choosing the individual best suited for a particular position and the organization from a group of applicants Performance management - ✔️ ✔️ a goal-oriented process that is directed toward ensuring that organizational processes are in place to maximize the productivity of employees, teams, and the organization Performance appraisal - ✔️ ✔️ a formal system of review and evaluation of individual or team task performance

Human Resource Management - ✔️ ✔️ the use of individuals to achieve organization objectives Staffing - ✔️ ✔️ the process through which an organization ensures that it always has the proper number of employees with the appropriate skills in the right jobs, at the right time, to achieve organizational objectives Staffing includes: - ✔️ ✔️ job analysis, human resource planning, recruitment, and selection HRM Functions (6) - ✔️ ✔️ 1. Staffing

  1. Human resource development
  2. Compensation
  3. Safety and Health
  4. Employee and labor relations
  5. Performance management Human resource development - ✔️ ✔️ consists not only of training and development, but also of career planning and development activities, organization development, and performance management and appraisal Direct financial compensation (Core compensation) - ✔️ ✔️ pay that a person receives in the form of wages, salaries, commissions, and bonuses Indirect financial compensation (Employee Benefits) - ✔️ ✔️ all financial rewards that are not included in direct compensation, such as paid vacations, sick leave, holidays, and insurance Nonfinancial compensation - ✔️ ✔️ satisfaction that a person receives from the job itself or from the environment in which the person works Safety - ✔️ ✔️ protecting employees from injuries caused by work-related accidents Health - ✔️ ✔️ the employee's freedom from physical or emotional illness Human Resource Professional - ✔️ ✔️ individual who normally acts in an advisory or staff capacity, working with other professionals to help them deal with human resource matters Line Managers - ✔️ ✔️ individuals directly involved in accomplishing the primary purpose of the organization HR Outsourcing - ✔️ ✔️ the process of hiring external HR professionals to do the HR work that was previously done internally

Ethics - ✔️ ✔️ Discipline of dealing with:

  • What is good and bad
  • What is right and wrong
  • Moral duty and obligation Corporate sustainability - ✔️ ✔️ focuses on the possible future impact of an organization on society, including social welfare, the economy, and the environment Sources of Ethical Guidance - ✔️ ✔️ - Bible and other holy books
  • Conscience
  • Significant others
  • Code of ethics Procurement Integrity Act of 1988 - ✔️ ✔️ • Prohibits release of source selection and contractor bid or proposal information
  • Places restrictions on former employees
  • Passed after reports of military contracts for:
  • $500 toilet seats
  • $5,000 hammer Corporate and Auditing Accountability, Responsibility, and Transparency Act of 2002 (Sarbanes-Oxley Act) - ✔️ ✔️ • Primary focus was to redress accounting and financial reporting abuses
  • Criminalized many corporate acts
  • Established whistleblower protections
  • Prohibited loans to executives and directors Dodd-Frank Wall Street Reform and Consumer Protection Act - ✔️ ✔️ • Act brought on by worst financial crisis since Great Depression
  • Executive compensation played a major role in financial services sector, as well as in capital markets, following the collapse of investment service firms Whistleblower - ✔️ ✔️ someone who is protected by federal laws Social Audit - ✔️ ✔️ a systematic assessment of a company's activities in terms of its social impact -- GIVING BACK TO THE COMMUNITY Types of social audits - ✔️ ✔️ 1. simple inventory of activities
  1. compilation of socially relevant expenditures
  2. determination of social impact Taft-Hartley Act (The Labor Management Relations Act of 1947) - ✔️ ✔️ United States federal law that restricts the activities and power of labor unions, brings unions together

1992 Federal Sentencing Guidelines for Organizations Act (FSGO) - ✔️ ✔️ - a set of standards that govern the sentences federal judges impose on organizations convicted of federal crimes

  • outlined an effective ethics training program and explained the seven minimum requirements for an effective program to prevent and detect violations. Code of Ethics - ✔️ ✔️ Statement of values adopted by:
  • Company
  • Its employees
  • Directors
  • Sets official tone of top management regarding expected behavior
  • Establishes rules by which organization operates • Becomes part of organization's corporate culture HR Information System - ✔️ ✔️ any organized approach for obtaining relevant and timely information on which to base HR decisions Corporate Culture - ✔️ ✔️ the system of shared values, beliefs, and habits within an organization that interacts with the formal structure to produce behavioral norms Employer Branding - ✔️ ✔️ firm's corporate image or culture created to attract and retain the type of employees the firm is seeking Country's Culture - ✔️ ✔️ a set of values, symbols, beliefs, languages, and norms that guide human behavior within the country Executive - ✔️ ✔️ A top-level manager who reports directly to the corporation's CEO or to the head of a major division Generalist - ✔️ ✔️ Employee who may be an executive, performs tasks in a variety of several or all of the six functional areas of HRM Specialist - ✔️ ✔️ Employee who may be an HR executive, manager, or non-manager who is typically concerned with only one of the six functional areas of HRM Profession - ✔️ ✔️ A vocation characterized by the existence of a common body of knowledge and a procedure for certifying members