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,HRM supports the organization by creating the system that:
- acquires, motivates, manages, develops & retains talent
- improves efficiency & contributes to revenue growth
- complies with legal requirements & limits risk - correct ans:
HRM supports leaders by:
- Performing 6 primary functions to support today's leaders
- Providing professional development opportunities to employees to develop tomorrow's leaders -
correct ans:
What are the HRM's 6 primary functions?
- Staffing
- Performance Management
- Training & Development
- Health & Safety
- Employee-Management Relations
- Rewards & Benefits - correct ans:
HRM's role in the organization's Change:
- HRM communicates, builds trust, reduces uncertainty, and reinforces culture.
- Biggest challenges include mergers & acquisitions (most often derailed by culture issues) - correct ans:
HRM's role in the organization's Culture:
- "The way we see and do things around here"
, - The norms, values, and assumptions within the organization that guide employees' attitudes and
behaviors - correct ans:
4 broad types of organizational cultures:
- Entrepreneurial
- Bureaucratic
- Consensual
- Competitive
* Performance culture = focuses on hiring, retaining, developing, motivating, and making work
assignments based on performance data and results - correct ans:
Types of organizational cultures:
- Entrepreneurial = Emphasizes creativity, innovation, and risk-taking
(e.g. EA, the video game company) - correct ans:
Types of organizational cultures:
- Bureaucratic = Emphasizes formal structures and the correct implementation of organizational
procedures, norms, and rules.
(e.g. Pharmacies and Drug Manufacturers) - correct ans:
Types of organizational cultures:
- Consensual = Emphasizes loyalty and tradition, and encourages employees to stay with the
organization for a long time.
(e.g. MIlitary and Law Firms - correct ans: