PHR/SPHR Exam Prep New Review 2023

PHR/SPHR Exam Prep New Review 2023 Path-Goal Theory - ANS-Offering paths to achieve goals. Offers performance rewards, helping individuals identify clear paths to achieve their goals and remove obstacles to a success. Maslow's Hierarchy of Needs - ANS-Biological & physiological Safety Love/belonging Esteem Self-actualization 7 Types of Learning - ANS-Linguistic, logical, spatial, kinesthetic, musical, interpersonal, intrapersonal Risk Management - ANS-Process of identifying any possible threat and removing or reducing it. Involves removing hazards, keeping legal docs and policies. Examples: worker to worker violence, domestic violence, bodily injury, liability for wrongful termination. SHRM - ANS-Strategic Human Resource Management The process by which you plan, align, process and implement the goals in an organization. Mission Statements - ANS-More specific descriptions of how an organization will achieve its vision and goals for the future - about a paragraph. Vision Statements - ANS-Brief, written descriptions that should inspire and that communicate the goals of the organization and those they serve. They are forwardfocused. Strategic Analysis - ANS-Includes environmental scanning: - SWOT analysis and STEP analysis Environmental Scanning - ANS-Business research information to keep the competitive advantage. Can be done externally and internally. SWOT Analysis - ANS-Strengths Weaknesses Opportunities Threats STEP Analysis - ANS-Social Technological Economic Political environment Strategic Planning - ANS-Determining where an organization is going over the next year or more and how you are going to get there. Typically organization-wide, but can also include specific units/departments. SMART Goals - ANS-Specific Measurable Attainable Relevant Time-based GAAP - ANS-Generally accepted accounting principles Cultural Intelligence - ANS-Sensitive to cultures other than their own Income Statement - ANS-Composed of revenues, expenses and net income for a given period of time. "Profit and loss statement" Balance Sheet - ANS-Financial picture of an organization at any point in a given time, although typically prepared at the end of the month. Assets = Liability + Capital Progressive Disciplinary Plan - ANS-1. Verbal warning 2. First written warning 3. Final written warning 4. Suspension and termination HPWS - ANS-High Performance Work Systems A set of HR practices that combine work processes that will maximize employee work performance, knowledge and skills, and manage work flow. Project Management - ANS-Process of planning, organizing, managing, and executing a specific assignment that is constrained by time and budget. LPC Scale - ANS-Least Preferred Coworker Scale - High score - leader has a human relation orientation - Low score - leader is more task oriented Fiedlers Contingency Theory - ANS-Group performance is based on the leader's psychological orientation and three additional variables: - Group atmosphere - Task structure - Leader's position of power 4 Styles of Leadership - Continues...