Human Resource Management Exam 1 (Chapters 1-5) Study Guide with Complete Solutions

Human Resource Management Exam 1 (Chapters 1-5) Study Guide with Complete Solutions Human Resource Management - Correct Answer the process of managing human talent to achieve and organization's abjectives Human Capital - Correct Answer knowledge, skills, and capabilities of individuals that have economic value to an organization downsizing - Correct Answer planned elimination of jobs outsourcing - Correct Answer hiring outside the company to perform processes previously done within the firm offshoring - Correct Answer sending jobs to other countries Issues in HRM due to globalization - Correct Answer (1) better informed employees who are willing to pursue global job opportunities, (2) gauging the knowledge and skill base of workers worldwide, (3) relocating and training foreign managers abroad to direct the efforts of an international workforce corporate social responsibility - Correct Answer responsibility of the firm to act in the best interest of the people and communities affected by its activities sustainability - Correct Answer ability to produce a good or service without damaging the environment or depleting a resource collaborative software - Correct Answer allows workers to interface and share information with one another electronically