HRIR 3021 EXAM GUIDE QUESTIONS
WITH COMPLETE ANSWERS
Modular Corporation - Answer-to focus on a few core competencies- those that a
company does best, such as designing and marketing computers or copiers- and to
outsource everything else to a network of suppliers
3 features to increased business flexibility - Answer-1. Talent management (attraction
and retention)
2. Human capital outcomes (increased satisfaction and commitment, decreased stress)
3. Financial, operational and business outcomes
**HR Challenges and trends - Answer--Aging workforce
-Diverse workforce
-Outsourcing of routine work
-Lack of knowledge workers
-Developing leaders
-Multiple generations in the workplace
-Flexible workplaces (work anywhere)
Profitable Management Systems Share These Factors: - Answer-1. Employment
security
2. Selective hiring
3. Self-managed teams and decentralization
4. High compensation contingent on performance
5. Extensive training
6. Reduced differences in status
7. Sharing of information
Google Video:
People decisions based on data/analytics - Answer--Data is taken very seriously and
can help make informed decisions
Google Video:
Analytic Value Chain - Answer--Action
-Insight
-Analysis
-Metrics
-Data
-Opinion
Commitment Strategy - Answer--Broadly defined tasks
, -High employee participation
-Highly skilled workers
-Extensive training
-High wages
-High benefits
Ex: Google, Target Corporate
Control Strategy - Answer--Narrowly defined jobs
-Low participation
-Low skill requirements
-Intense supervision
-Limited training
-Low wages
-Low benefits
Ex: Target retail
Benefits of Big Data - Answer-Volume- sheer amount of data businesses can access
Velocity- internal & external
Variety- speed of data creation
Perils of Big Data - Answer--Managers must use the data
-Find people to interpret and find patterns
-Correlation is not causation
-Data is not a substitute for good judgment
-Storage and security
HR Strategy - Answer-the decisions, processes and choices that organizations make
regarding how they manage their people
LAMP Model - Answer-Drives strategic change and organizational excellence
Logic
Analytics
Measures
Process
Logic - Answer-The story that connects numbers and outcomes
Without logic it's not clear where to look for insights about what the numbers mean
Analytics - Answer-Drawing the right conclusions from the right data
WITH COMPLETE ANSWERS
Modular Corporation - Answer-to focus on a few core competencies- those that a
company does best, such as designing and marketing computers or copiers- and to
outsource everything else to a network of suppliers
3 features to increased business flexibility - Answer-1. Talent management (attraction
and retention)
2. Human capital outcomes (increased satisfaction and commitment, decreased stress)
3. Financial, operational and business outcomes
**HR Challenges and trends - Answer--Aging workforce
-Diverse workforce
-Outsourcing of routine work
-Lack of knowledge workers
-Developing leaders
-Multiple generations in the workplace
-Flexible workplaces (work anywhere)
Profitable Management Systems Share These Factors: - Answer-1. Employment
security
2. Selective hiring
3. Self-managed teams and decentralization
4. High compensation contingent on performance
5. Extensive training
6. Reduced differences in status
7. Sharing of information
Google Video:
People decisions based on data/analytics - Answer--Data is taken very seriously and
can help make informed decisions
Google Video:
Analytic Value Chain - Answer--Action
-Insight
-Analysis
-Metrics
-Data
-Opinion
Commitment Strategy - Answer--Broadly defined tasks
, -High employee participation
-Highly skilled workers
-Extensive training
-High wages
-High benefits
Ex: Google, Target Corporate
Control Strategy - Answer--Narrowly defined jobs
-Low participation
-Low skill requirements
-Intense supervision
-Limited training
-Low wages
-Low benefits
Ex: Target retail
Benefits of Big Data - Answer-Volume- sheer amount of data businesses can access
Velocity- internal & external
Variety- speed of data creation
Perils of Big Data - Answer--Managers must use the data
-Find people to interpret and find patterns
-Correlation is not causation
-Data is not a substitute for good judgment
-Storage and security
HR Strategy - Answer-the decisions, processes and choices that organizations make
regarding how they manage their people
LAMP Model - Answer-Drives strategic change and organizational excellence
Logic
Analytics
Measures
Process
Logic - Answer-The story that connects numbers and outcomes
Without logic it's not clear where to look for insights about what the numbers mean
Analytics - Answer-Drawing the right conclusions from the right data
