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25 Cards in this Set
- Front
- Back
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The core reason for the existence of the organization and what makes it unique is known as what? |
The Organizational Mission |
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What are the 7 steps in the strategic planning process? |
Organizational Mission, SWOT Analysis, Establish Goals & Objectives, Formulate Organizational Strategy, Formulate Supporting Functional Strategies, Implement, and Evaluate & Reassess |
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What entails providing input into organizational strategic planning & appropriate use of HR management practices to gain competitive advantage? |
Strategic HR Management |
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What are 4 ways HR professionals provide their perspectives and expertise? |
Understanding the business, Focusing on the key business goals, Knowing what to measure, and Preparing for the future |
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What is offshoring? |
The relocation of a business process or operation by a company from one country to another. |
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Factors such as Interest Rates, Inflation & Economic Growth/Decline are examples of what external factors? |
Economic & Government |
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When scanning the potential & future workforce it is important to consider a number of variables including what? Give 5 Variables |
Aging of the workforce Growing diversity of workers Female workers and work-life balancing concerns Availability of contingent workers Outsourcing possibilities |
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Questions such as... What jobs exist now and how essential is each job? What are the vital KSA's needed in the jobs? What are the characteristics of those anticipated jobs? Are key questions that are addressed during what? |
Internal Job Assessment |
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Net migration, Direct competitors, and Internal competition are examples of what kind of external forces? |
Geographic and Competitive Evaluations |
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Current and future job audits and employee and organizational capabilities inventory are examples of what? |
Internal Workforce Availability |
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What is HR Planning? |
The process of analyzing and identifying the need for availability of people so that the organization can meet its strategic objectives. |
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What are the 4 steps in the HR planning process? |
Review Organizations Environmental Analysis/Strategic Plans Asses External and Internal Workforce Compile HR Planning Forecasts Develop HR Staffing Plans and Actions |
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What is Environmental Scanning? |
The assessment of external & internal environmental conditions that affect the organization. |
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Give an example of one strength and one weakness in the HR factors SWOT Analysis |
Strengths: Intelectual Capital, Loyal Committed Employees, Innovative Adaptive Employees, or High Performance Practices.
Weakness: Lack of Skilled Employees, Lack of Leadership Pipeline, or Outdated Talent Management Practices. |
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List one threat and one opportunity based on the HR factors SWOT analysis. |
Threat: Legal Mandates/Restrictions, Competitor Power, Economic Uncertainty, or Talent Shortage.
Opportunity: Market Position, Unexplored Markets, Global Expansion, or Technology Advancements. |
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What are the 3 ranges of forecasting methods? |
Short, Intermediate, & Long |
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What is the Internal Supply Formula? |
Current Staffing Level - Projected Outflows This Year + Projected Inflows This Year = Internal Supply for Next Year |
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What are some ways to manage Talent Surplus? |
Reduction in Work Hours or Compensation Attribution & Hiring Freezes Voluntary Seperation Programs |
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What is Outsourcing? |
Transferring the management and performance of a business function to an external service provider. |
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What are 6 ways to manage a talent? |
Use Overtime Outsource Work Try Alternative Work Arrangements Bring Back Recent Retirees Increase Contingent Workers Reduce Turnover |
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Specific measures of HR performance indicators is known as what? |
HR Metrics |
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What is HR Analysis? |
An evidence based approach to making HR decisions on the bias of quantize tools and models |
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What is an HR Audit? |
A formal research effort to asses the current state of HR practices.
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The calculation showing the value of an investment is known as what? |
Return on Investment |
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Comparing the business results to industry standards is known as what? |
Benchmarking |
