Ch1 Latest Verified Version And
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Total Rewards - correct ans:the sum of all the rewards employees receive in exchange for their time,
efforts, and performance
, Direct financial compensation - correct ans:compensation received in the form of salary, wages,
commissions, stock options, or bonuses
Human Resource Strategy - correct ans:links the entire human resource function with the firm's business
strategy
Indirect Financial Compensation - correct ans:all the tangible and financially valued rewards that are not
included in direct compensation, including free meals, vacation time, and health insurance
Human resource Management - correct ans:the organizational functions for attracting, hiring,
developing, rewarding, and retaining talent
human resource strategy - correct ans:links the entire human resource function with the firm's business
strategy
rewards & benefits - correct ans:the HR function that refers to the sum of all of the rewards employees
receive in exchange for their time, efforts, and performance
nonfinancial compensation - correct ans:rewards and incentives given to employees that are not
financial in nature including intrinsic rewards received from the job itself or from the work environment
strategic risk - correct ans:risk related to talent strategy, company culture, ethics, investments in people,
and the implementation of change initiatives
competitive advantage - correct ans:doing something differently from the competition that leads to
outperformance and success
talent philosophy - correct ans:a system of beliefs about how a firm's employees should be treated
staffing - correct ans:the HR that refers to the process of planning, acquiring, deploying, and retaining
employees that enables the organization to meet its talent needs and execute its business strategy