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17 Cards in this Set
- Front
- Back
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Human Resource Management
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The organizational function that consists of practices that help the organization deal effectively with its people during the various phases of the employment cycle
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HR Planning
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A process that helps companies identify their future HRM needs and how those needs can be met
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Job analysis
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A systematic procedure for gathering, analyzing, and documenting information about particular jobs
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Recruitment
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An HRM practice designed to locate and attract job applicants for particular positions
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Selection
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AN HRM practice in which companies assess and choose from among job candidates
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Training
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Planned learning experiences that teach workers how to effectively perform their current jobs
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Development
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Planned learning experiences that prepare workers to effectively perform possible future jobs
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Performance appraisal process
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A process used by companies to measure the adequacy of their employees' job performances and communicate these evaluations to them
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Compensation
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The pay and benefits that employees receive from the company
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Pay
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The wage or salary that employee earn
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Benefits
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A form of compensation provided to employees in addition to their pay, such as health insurance or employee discounts
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Productivity Improvement Programs
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Organized interventions designed to improve productivity by increasing employee motivation
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Workplace Justice
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A concept that addresses the issue of treating employees in a fair, nondiscriminatory manner.
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Unions
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Labor organizations in which employees, acting in concert, deal with employers on work issues
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Competitive Advantage
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A status achieved by a company when gaining a superior marketplace position relative to its competition
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Cost leadership strategy
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A strategy in which a company gains a competitive advantage by providing the same services or products as its competitors, but produces them at a lower cost
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Product differentiation
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Gaining competitive advantage by producing a product or service that buyers prefer
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