WGU D351 v2 study guide WITH 100% CORRECT ANSWERS!!

What role does the planning function of human resource management play within organizations? - correct answer️️The planning function of human resource management involves two major activities: strategic planning, and short- and medium-range planning. Such strategic objectives may include increasing market share, revenue growth, product or service diversity, and profit margins, as well as planning for financial obligations and other eventualities. What role does the staffing function of human resource management play within organizations? - correct answer️️recruiting job applicants (also known as candidates), and then selecting the most appropriate applicants for the available jobs. What are the types of employee compensation? - correct answer️️direct and indirect compensation What is the role of performance appraisals? - correct answer️️A performance appraisal (also known as a performance review, performance evaluation, or career development discussion) is a method by which an employee's job performance is evaluated. How does HRM enhance human potential? - correct answer️️HRM field has seen a substantial interest in both formal and informal training and development. HRM's work on improving the workplace environment focuses on what two environments? - correct answer️️implementing productivity improvement programs as well as improving health and safety at work What must management be aware of in order to maintain effective work relationships? - correct answer️️After an organization has hired the employees it needs, it must foster a positive workplace environment. In addition to compensation and a healthy and safe environment, firms must provide conditions that will make it attractive for employees to stay. What impact has globalization had on HR practices? - correct answer️️organizations become more global, it is essential that organizations develop and implement HRM policies with international applicability, also making them relevant to employees from diverse cultures and backgrounds What are the four implicit HR objectives? - correct answer️️improve productivity, improve quality of work life,ensure legal compliance, and foster ethical behavior. How can HR managers make a significant contribution toward productivity improvements? - correct answer️️work organization and design How do organizations improve the quality of work life? How have employees' attitudes regarding involvement with their work shifted? - correct answer️️most employees today desire more autonomy and a chance to make a greater contribution to the organization. employees today prefer a greater level of involvement with their work Why is it important that HR mangers and personnel be familiar with the laws and regulations? - correct answer️️laws impact nearly all functions and activities with which HRM is involved, HR managers and personnel must be familiar with regulations affecting hiring and pay decisions, promotion activities, health and safety considerations, and labor relations. Define the term "moral philosophy." - correct answer️️refers to the principles, rules, and values that individuals use in deciding what is right or wrong. How can HR professionals create a culture where ethical behavior is encouraged? - correct answer️️"creating a positive work environment, hiring ethical individuals, providing ethical training, labeling and modeling ethical behavior, creating a well-defined code of ethics, establishing an open-door policy, and providing an employee assistance program (EAP)." Define the term "business ethics." - correct answer️️the values and principles that are used to evaluate whether the collective behavior of members of an organization is appropriate What are the six major trends have been identified as influencing the work environment? - correct answer️️increased competition, the costs and benefits associated with HR utilization, productivity changes (resulting from changes in technology, capital investment, the recession, capital utilization, outsourcing, and government policies), the increasing pace and complexity of social, cultural, legal, demographic, and educational changes, the symptoms of dysfunction in the workplace, and societal trends of the 21st century Internal Environment: Define "culture" and identify who shapes an organization's culture. - correct answer️️represents the organization's value system. Top management shapes a companies culture Internal Environment: Define technology. - correct answer️️generally refers to the equipment and knowledge used to produce goods and services, and the definition of technology may vary greatly by industry Internal Environment: How does technology influence an organization's structure? - correct answer️️with technology and computers, close supervision of employees is unnecessary. Furthermore, technology allows work to be performed during non-traditional hours, away from physical manufacturing plants and offices. With technology we can see a reduction in the work force. Internal Environment: Organizational size is an important factor in determining ________________. - correct answer️️HR activities External Environment: How does the economy influence HR activities? - correct answer️️A strong economy tends to decrease unemployment, increase wages, make recruitment more competitive, and increase the desirability of training. On the other hand, a weak economy tends to increase unemployment, diminish wage demands, make recruitment less competitive, and reduce the need for training and development of current employees. External Environment: How does international competition influence HR activities? - correct answer️️Corporations forced to be more competitive, HR policies and practices change significantly Define the term "SWOT". - correct answer️️SWOT is an acronym that stands for strengths, weaknesses, opportunities, and threats.