How can HRM create value within an organization?
by making the company better at executing its strategy
The purpose of the organizational function
... [Show More] of HRM is to_______?
attract, hire, develop, reward, and retain talent
Taking workplace health and safety seriously helps to reduce ____ risk?
compliance
When an organization adopts a new manufacturing process, which HRM function is responsible for improving employees' skills to meet its new talent?
training
Staffing is the process of planning, acquiring, deploying and retaining employees that enables the organization to meet its talent needs and execute its ___?
business strategy
Separations due to poor performance, layoffs, or restricting are part of which HRM function?
staffing
___ planning can help to ensure that an organization has people ready to assume leadership positions as soon as those positions become available.
succession
What type of management involves aligning individual employees' goals and behaviors with organizational goals and strategies?
performance management
By providing the raw talent that the system will manage, staffing influences the effectiveness of which system?
performance management
To promote and maintain ethical behavior, managers need to provide ___ feedback.
performance
Compensation received in the form of salary, wages, commissions, stock options, or bonuses is called ____.
direct financial compensation
Compensation including free meals, vacation time, and health insurance is called ___.
indirect financial compensation
Rewards and incentives given to employees that are not financial in nature, including intrinsic rewards received form the job itself or from the work environment, are called ___.
Non-financial Compensation
When a company creates new HRM initiatives to strengthen employees' ethical awareness and company culture to enhance its competitive advantage, if is managing ___.
strategic risk
HRM affects the speed and effectiveness of talent acquisition as well as the development of employees' skills and the identification and retention of top performers. These and other HRM activities that can directly influence the organizations success or failure are example of ___.
operational risk
When new HRM processes reduce the cost of hiring employees, they have reduced its ___.
financial risk
Thinking through the ramifications of an employment-related decision in terms of legal risk, particularly in the areas of diversity, health, and safety, union relations, whistleblowers, and harassment, is an example of managing ___.
compliance risk
To expand internationally, ____ have been common organizational strategies.
mergers and acquisitions [Show Less]