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76 Cards in this Set

  • Front
  • Back

human capital



knowledge, skills, and capabilities of individuals that have economic value to an organization

six sigma quality

a systematic approach that uses statistical methods to translate customer needs into separate tasks and to define the best way to perform them

reengineering

fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in cost, quality, service, and speed

downsizing

planned elimination of jobs

outsourcing

contracting tasks outside the organization to have work done that formally was done by internal employees

change management

a systematic way of bringing about and managing both organizational changes and changes on the individual level

reactive change

changes that occur after external forces have already affected performance.

proactive change

change initiation to take advantage of targeted opportunities

corporate social responsibility

the responsibility of the firm to act in the best interests of the people and communities affected by its activities



good citizenship

knowledge workers

workers whose responsibilities extend beyond the physical execution of work to include planning, decision making, and problem solving



move from touch labor to knowledge workers

hidden costs of downsizing (7)

1. severance and rehiring costs


2. accrued vacation and sick day payouts


3. pension and benefit payouts


4. potential lawsuits from aggrieved workers


5. loss of institutional memory and trust management


6. lack of staffers when the economy rebounds


7. survivors who are risk averse, paranoid, and focused on corporate politics

benefits of a "no layoff" policy (5)

1. a fiercely loyal, more productive workforce


2. higher customer satisfaction


3. readiness to snap back with the economy


4. a recruiting edge


5. workers who, knowing their jobs are safe, are not afraid to innovate

furloughing

a situation in which an organization asks or requires employees to take time off for either no pay or reduced pay

offshoring

aka "global sourcing"



sending jobs to other countries

nearshoring

moving jobs closer to one's home country

homeshoring

outsourcing jobs to domestic contractors who work from home

employee leasing

the process of dismissing employees who are hired by a leasing company (PEO, or professional employer organization, which handles all HR related activities) and contracting with that company to lease back the employees

line managers

non-HR managers who are responsible for overseeing the work of other employees

Responsibilities of HR Managers (4)



*essay question

1. strategic advice and counsel: in house consultant


2. service: technical expertise in recruiting, selecting, testing, planning and conducting training programs


3. policy formation and implementation


4. employee advocacy: make sure that employee concerns and interests of organization are aligned

Competencies Human Resources Managers require



*essay question

1. business mastery: need to know the businesses of their organizations and strategies. need to be create and innovative


2. HR mastery: experts in staffing, development, appraisals, rewards, team building, performance measurement, communication. Need interpersonal skills


3. personal credibility: need to develop good relations with this internal and external to the firm and demonstrate values of the firm

Strategic planning

procedures for making decisions about the organizations long-term goals and strategies

human resources planning

the process of anticipating and providing for the movement of people into, within, and out of an organization

strategic human resources management

the pattern of human resources deployments and activities that enable an organization to achieve its strategic goals

mission

the basic purpose of the organization as well as its scope of operations

strategic vision

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

core values

the strong and enduring beliefs and principles that the company uses as a foundation for its decisions

rival firms

who is the competition?

new entrants

new companies enter an industry and compete with established firms



can overcome entry barriers because they provide something different or better to customers

substitutes

products and services are being replaced with substitutes



ex: landlines are being replaced by mobile phones

The Three C's

capabilities


composition


culture

core capabilities

integrated knowledge sets within an organization that distinguish it from its competitors and deliver value to customers

criteria for an organization to achieve a sustained competitive advantage through people (4)

1. resources must be valuable: when employees decrease the cost through efficiency and effectiveness and/or by providing something unique to the customer


2. resources must be rare: when knowledge, skills, and abilities are not equally available to competitors


3. resources must be difficult to imitate: when capabilities and contributions of a firms employees cannot be copied by others, a unique culture


4. resources must be organized: when talents can be combined and deployed to work on new assignments at a moments notice

composition

managers must determine who to employ internally or contract externally and how to manage different types of employees

corporate culture

values, attitudes, beliefs, and expectations (VABEs)

forecasting

managers must forecast the needs and capabilities of the firm for the future in order to do an effective job at strategic planning

three key elements to forecasting

1. demand for labor


2. supply of labor


3. balancing supply and demand considerations

trend analysis

a quantitative approach to forecasting labor demand based on an organizational index such as sales

management forecasts

opinions of supervisions, department managers, experts, or others knowledgeable about the organizations future employment needs



qualitative approach

SWOT analysis

a comparison of strengths, weaknesses, opportunities, and threats for strategy formulation purposes



forecasts derived from external and internal analyses

differentiation strategy

providing something unique and distinctive to customers

benchmarking

the process of comparing the organizations processes and practices with those of other companies

balanced score card

a measurement framework that helps managers translate strategic goals into operational objectives

fill in balanced score card: vertical headers

Financial


Customer


Internal


People

fill in balanced score card: horizontal headers

Objectives


Measures


Targets


Initiatives

It is illegal to discriminate in any aspect of employment including (11):

1. hiring and firing


2. compensation, assignment, or classification of employees


3. transfer, promotion, layoff, or recall


4. job advertisement


5. recruitment


6. testing


7. use of company facilities


8. training and apprenticeship programs


9. fringe benefits


10. pay, retirement plans, disability leave


11. other terms and conditions of employement

discriminatory practices include (4):

1. harassment on the basis of race, color, religion, sex, national origin, disability, genetic information, or age


2. retaliation against an individual for filing a charge of discrimination or opposing disc. practices


3. employment decisions based on stereotypes of assumption about the abilities of individuals of certain groups based on myth


4. denying employement to a person because of marriage or association to a person of a particular group

Equal Pay Act of 1963

it is illegal to discriminate against people in terms of the pay, benefits, and pensions they earn based on their gender when they do equal work

Bona Fide Occupational Qualification (BFOQ)

suitable defense against a discrimination charge when age, religion, or sex is an actual qualification for performing the job

religious preference

Title VII of the Civil Rights Act prohibits employment discrimination based on a person's religion



employers need only to make reasonable accommodations for an employees religious observance without incurring undue hardship on business

Age Discrimination in Employment Act (ADEA)

prohibits specific employers from discriminating against employees and applicants age 40 and over in any employment area

Pregnancy Discrimination Act of 1978

states that pregnancy is a disability and that pregnant employees in covered organizations must be treated on an equal basis with employees having other medical conditions

Americans with Disabilties Act of 1990

prohibits employers from discriminating against individuals with physical and mental disabilities and the chronically ill

Executive Order 11246

prohibits discrimination and requires goverment contractors or subcontractors having 50 employees or more to develop affirmative action plans

sexual harrassment

refers to unwelcome sexual advances, requests for sexual favors, and verbal or physical harassment of a sexual nature



also includes offense remarks about a persons sex

two forms of sexual harrassment

quid pro quo: submission to or rejection of sexual advances is used for employment decisions



hostile work environment: unwelcome sexual conduct interferes with job performance

Don't ask, Don't tell Repeal Act of 2010

prevent members of military from being honorably discharged for being gay as long as they did not openly reveal their sexual orientation

sexual orientation

no federal law bars discrimination against civilian employees of the federal govt based on their sexual orientation



state and local level laws

adverse impact

A concept that refers to the
rejection of a significantly
higher percentage of a pro-
tected class for employment,
placement, or promotion
when compared with the
successful, nonprotected
class

four-fifths rule

a selection program has an adverse impact when the selection rate for any racial, ethnic, or sex class is less than 4/5ths of the rate of the class of the highest selection rate.

disparate treatment

a situation in which protected class members receive unequal treatment or are evaluated by different standards

determining adverse impact

p. 137

job analysis

the process of obtaining information about jobs by determining their duties, tasks, or activities

job description

a statement of the tasks, duties, and responsbilities of the job performed.

job specification

a statement of the specific knowledge, skills, and abilities of a person who is to perform a jobs needs

what things are affected by the job description and job specifications

1. strategic hr planning


2. workflow analysis and job design


3. recruitment and selection


4. performance appraisal process


5. compensation and management


6. legal compliance

sources of job analysis data

1. interviews


2. questionaires


3. observation


4. diaries

job characteristics model

A job design theory that
says there are three psycho-
logical states (meaningfulness of the work, responsibility for outcomes, and
knowledge of the results of the work performed) of a jobholder result in improved
work performance, internal motivation, and lower absenteeism and turnover

5 job dimensions that produce the three psychological states in the job characteristics model

1. skill variety


2. task identity


3. task significance


4. autonomy


5. feedback

employee empowerment

Granting employees power
to initiate change, thereby
encouraging them to take
charge of what they do

job crafting

A naturally occurring phe-
nomenon whereby employ-
ees mold their tasks to fit
their individual strengths,
passions, and motives better

employee engagement

A situation in which work-
ers are enthusiastic and
immersed in their work to
the degree that it improves
the performance of their
companies

employee teams

An employee contributions
technique whereby work
functions are structured for
groups rather than for indi-
viduals and team members
are given discretion in mat-
ters traditionally considered
management prerogatives,
such as process improve-
ments, product or service
development, and individual
work assignments

synergistic team characteristics

1. support


2. listening and clarification


3. disagreement


4. consensus


5. acceptance


6. quality

forms of employee teams

1. crpss-functional teams


2. project teams


3. self-directed teams


4. task force teams


5. process-improvement teams

flextime

Flexible working hours that
permit employees the option
of choosing daily starting and
quitting times, provided that
they work a set number of
hours per day or week

compressed work week

the number of days in the workweek is shortened by lengthening the number of hours worked per day.