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14 Cards in this Set
- Front
- Back
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Human Resources Management(HRM) |
An integrated set of processes, practices, programs, and systems in an organization that focuses on the effective deployment and development of its employees. |
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Downsizing |
The planned elimination of jobs. |
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Globalization |
Moving local or regional business into global market. |
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Outsourcing |
Contracting outside the organization for work formerly done by internal employees. |
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Contractor |
A person hired by contract to perform a specific job and is not considered part of the employee base. |
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Telecommuting |
Conducting work activities in different locations through the use of technology. |
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Six Sigma |
A process used to translate customer needs into a set of optimal tasks performed in concert with one another. |
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Lean |
Organizational system of improvements that maximize customer value and minimize waste. |
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Benchmarking |
Finding the best practices in other organizations that can be brought into a company to enhance performance. |
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Human capital |
The individuals knowledge, skills, and abilities that have economic value to an organization. |
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Core competencies |
A combination of knowledge, skill, and characteristics needed to effectively perform a role in an organization. |
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Talent management |
Leveraging competencies to achieve high organizational performance. |
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Culture |
Consistent and observable pattern of behaviours in organization. |
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Human resources management management strategy |
Identifying key HR processes and linking those to the overall business strategy. |
