MIE 330 - Chapter 1 Latest Update with Verified Solutions

MIE 330 - Chapter 1 Latest Update with Verified Solutions Human Resource Management (HRM) The policies, practices, and systems that influence employees' behavior, attitudes, and performance Human capital An organization's employees, described in terms of their training, experience, judgment, intelligence, relationships, and insight. Type of Human capital: training, experience, judgment, intelligence, relationships, insight. High-performance work system An organization in which technology, organizational structure, people, and processes work together seamlessly to give an organization an advantage in the competitive environment. Job analysis The processor getting detailed information about jobs Job Design The process of defining the way work will be performed and the tasks that a given job requires Recruitment The process through which the organization seeks applicants for potential employment Selection The process by which the organization attempts to identify applicants with the necessary knowledge, skills, abilities, and other characteristics that will help the organization achieve its goals Training A planned effort to enable employees to learn job-related knowledge, skills, and behavior Development The acquisition of knowledge, skills, and behaviors that improve an employee's ability to meet changes in job requirements and in customer demands Performance management The process of ensuring that employees' activities and outputs match the organization's goals Workforce Analytics The use of quantitative tools and scientific methods to analyze data from human resource databases and other sources to make evidence-based decisions that support business goals. Human resource planning Identifying the numbers and types of employees the organization will require to meet its objectives. Talent Management A systematic, planned effort to attract, retain, develop, and motivate highly skilled employees and managers. Evidence-Based HR Collecting an fusing data to show that human resource practices have a positive influence on the company's bottom line or key stakeholders. Sustainability An organization's ability to profit withou