MHR Exam 1

what is HRM?
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Terms in this set (77)
what is HRM?
HRM focuses on the people side of the organization
what is HR staff
develop policies and procedures to manage employment relationship
What is line management?
use these to guide the way in which they manage their staff and carry out HR activities
why learn about HRM
Good HR makes more satisfied employees and more successful businesses
"People make the place"
what makes the best employers the best
Provide opportunities for employee development and growth
Provide attractive pay and benefits
Maintain ethnical, cooperative, healthy and safe work environments
Leadership team is credible and worthy
Link HR practices to businesses strategies, values and goals
what are career opportunities in hr?
HR specialists- focus on one area of expertise
HR generalists- perform a full range of HRM activities including recruiting, training, compensation, and employee relations
how does hrm contribute to organizational success?
Competitive advantage- how an organization differentiates its product or service from its competitors to increase market share
Lower quit rates
Higher customer growth and sales
what are the two perspectives of organizational success?
organizational life cycle & stakeholder viewpoint
what is organizational life cycle?
a series of stages in which an organization moves throughout its life cycle; suggests measure of effectiveness changes as company changes
what is stake holder viewpoint?
success based on how they meet needs of stakeholders
Primary stakeholder- employees, customers, owners