IPMA HR ESSENTIALS ANSWERS AND QUESTIONS
SET A+
✔✔due diligence - ✔✔a comprehensive assess of all aspects of business being
combined
✔✔effectiveness - ✔✔ability to produce a specific desired effect or result that can be
measured
✔✔efficiency - ✔✔the degree to which operations are done in an economical manner
✔✔hr metrics - ✔✔specific measures of hr performance indicators
✔✔hr analytics - ✔✔evidence-based approach to making hr decision on the base of
quantitative tools and models
✔✔hr benchmarking - ✔✔comparing the business results to industry standards
✔✔balanced scorecard - ✔✔a framework used to report a diverse set of performance
measures
✔✔return on investment - ✔✔calculation showing value of investment
✔✔return on investment (equation) - ✔✔value of gains from productivity improvements
for the time period divided by operating costs for a new or enhanced system for the time
period plus one time cost of acquisition and implementation
✔✔human capital value added (hcva) - ✔✔calculated by subtracting all operating
expense except for labor expenses from revenue and dividing by full-time head count
✔✔human capital return on investment (hcroi) - ✔✔directly shows the operating profit
derived from investments in human capital
, ✔✔human economic value added (equation) - ✔✔net profit after taxes minus cost of
capital divided by full time head count
✔✔hr audit - ✔✔a formal research effort to assess the current state of hr practices
✔✔recruiting - ✔✔process of generating a pool of qualified applicants for organizational
jobs
✔✔labor markets - ✔✔the supply pool from which employers attract employees
✔✔labor force population - ✔✔all individuals who are available for selection using a
particular recruiting approach
✔✔applicant population - ✔✔subset of the labor force population that is available for
selection using a particular recruiting approach
✔✔applicant pool - ✔✔all persons who are actually evaluated for selection impacted by
representative of organization and industry, screening, job specifications, and info
available through the ATS
✔✔employment brand - ✔✔image of the organization that is held by both employees
and outsiders
✔✔headhunters - ✔✔employment agencies that focus their efforts on executive,
managerial, and professional positions
✔✔job posting - ✔✔system in which the employer provides notices of job openings and
employees respond by applying for specific openings
✔✔rerecruiting - ✔✔seeking out former employees and recruiting to work for
organization
✔✔yield ratios - ✔✔comparison of the number of applicants at one stage of the
recruiting process with the number at the next stage
✔✔selection rate - ✔✔percentage hired fro a given group of candidates
✔✔acceptance rate - ✔✔percentage of applicants hired divided by total number of
applicants offered jobs
✔✔selection - ✔✔the process of choosing individuals with correct qualifications needed
to fill jobs in an organization
✔✔placement - ✔✔fitting a person to the right job
SET A+
✔✔due diligence - ✔✔a comprehensive assess of all aspects of business being
combined
✔✔effectiveness - ✔✔ability to produce a specific desired effect or result that can be
measured
✔✔efficiency - ✔✔the degree to which operations are done in an economical manner
✔✔hr metrics - ✔✔specific measures of hr performance indicators
✔✔hr analytics - ✔✔evidence-based approach to making hr decision on the base of
quantitative tools and models
✔✔hr benchmarking - ✔✔comparing the business results to industry standards
✔✔balanced scorecard - ✔✔a framework used to report a diverse set of performance
measures
✔✔return on investment - ✔✔calculation showing value of investment
✔✔return on investment (equation) - ✔✔value of gains from productivity improvements
for the time period divided by operating costs for a new or enhanced system for the time
period plus one time cost of acquisition and implementation
✔✔human capital value added (hcva) - ✔✔calculated by subtracting all operating
expense except for labor expenses from revenue and dividing by full-time head count
✔✔human capital return on investment (hcroi) - ✔✔directly shows the operating profit
derived from investments in human capital
, ✔✔human economic value added (equation) - ✔✔net profit after taxes minus cost of
capital divided by full time head count
✔✔hr audit - ✔✔a formal research effort to assess the current state of hr practices
✔✔recruiting - ✔✔process of generating a pool of qualified applicants for organizational
jobs
✔✔labor markets - ✔✔the supply pool from which employers attract employees
✔✔labor force population - ✔✔all individuals who are available for selection using a
particular recruiting approach
✔✔applicant population - ✔✔subset of the labor force population that is available for
selection using a particular recruiting approach
✔✔applicant pool - ✔✔all persons who are actually evaluated for selection impacted by
representative of organization and industry, screening, job specifications, and info
available through the ATS
✔✔employment brand - ✔✔image of the organization that is held by both employees
and outsiders
✔✔headhunters - ✔✔employment agencies that focus their efforts on executive,
managerial, and professional positions
✔✔job posting - ✔✔system in which the employer provides notices of job openings and
employees respond by applying for specific openings
✔✔rerecruiting - ✔✔seeking out former employees and recruiting to work for
organization
✔✔yield ratios - ✔✔comparison of the number of applicants at one stage of the
recruiting process with the number at the next stage
✔✔selection rate - ✔✔percentage hired fro a given group of candidates
✔✔acceptance rate - ✔✔percentage of applicants hired divided by total number of
applicants offered jobs
✔✔selection - ✔✔the process of choosing individuals with correct qualifications needed
to fill jobs in an organization
✔✔placement - ✔✔fitting a person to the right job
