DECA Human Resources Management Exam - Q & A Human Resource Management (HRM) Consists of all activities involved with acquiring, developing, and
... [Show More] compensating the people who do the company's work Environmental Scanning Systematic monitoring of the major external forces influencing the organization. Human Resource Planning (HRP) The process of anticipating and providing for the movement of people into, within, and out of an organization. Management Forecasts The opinions (judgments) of supervisors, department managers, experts, or others knowledgeable about the organization's future employment needs. Markov Analysis A method for tracking the pattern of employee movements through various jobs. Mission The basic purpose of the organization as well as its scope of operations. Organizational Capabilities The capacity of the organization to act and change in pursuit of sustainable competitive advantage. Replacement Charts Listings of current jobholders and people who are potential replacements if an opening occurs. Skill Inventories Files of personnel education, experience, interests, skills, and so on that allow managers to quickly match job openings with employee backgrounds. Staffing Tables Graphic representations of all organizational jobs, along with the numbers of employees currently occupying those jobs and future (monthly or yearly) employment requirements. Strategic Human Resources Management (SHRM) The pattern of human resources deployments and activities that enable an organization to achieve its strategic goals. Strategic Planning Procedures for making decisions about the organization's long-term goals and strategies. Strategic Vision A statement about where the company is going and what it can become in the future; clarifies the long-term direction of the company and its strategic intent. Succession Planning The process of identifying, developing, and tracking key individuals for executive positions. SWOT Analysis A comparison of strengths, weakness, opportunities, and threats for strategy formulation proposes. Trend Analysis A quantities approach to forecasting labor demand based on an organizational index such as sales. Value Creation What the firm adds to a product or services by virtue of making it; the amount of benefits provided by the product or service once the costs of making it are subtracted. Adverse Impact A concept that refers to the rejection of a significantly higher percentage of a protected class for employment, placements, or promotion when compared with the successful, non-protected class. Affirmative Action A policy that goes beyond equal employment opportunity by requiring organizations to comply with the law and correct past discriminatory practices by increasing the number of minorities and women in specific positions. Bona Fide Occupational Qualifications (BFOQ) Suitable defense against a discrimination charge only when age, religion, sex, or national origin is an actual qualification for performing the job. Business Necessity A work-related practice that is necessary to the safe and efficient operation of an organization. Charge Form A discrimination complaint filed with the EEOC by employees or job applicants. Disabled Individual [Show Less]