Answers (2025/2026) (100% Verified Answers by
Expert)
1. Human Resource Strategy - Links the entire human
resource function with the firm's business strategy.
2. Business Strategy - Defines how the firm will compete in
its marketplace.
3. Total Rewards - The sum of all rewards employees
receives in exchange for their time, efforts, and performance.
4. The combined intrinsic and extrinsic rewards of a job.
5. Employee Handbooks - Print or online materials that
document the organization's HRM policies and procedures.
6. HRM: Human Resource Management - The
organizational function responsible for attracting, hiring,
developing, rewarding, and retaining talent.
7. Outsourcing - Hiring an external vendor to do work for
the company rather than doing it internally.
,8. Nonfinancial Compensation - 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.
9. Intrinsic Reward - Non-monetary rewards derived from
the work itself.
10. Competitive Advantage - Doing something
differently from the competitor thus leading to outperformance
and success.
11. Talent Philosophy - A system of beliefs about how
an organization's employee should be treated.
12. Shared Service Center - Centralized routine,
transaction-based HRM activities.
13. Professional Employer Organization - A company
that leases employees to companies that need them.
14. Direct Financial Compensation - Compensation
received in the form of salary, wages, commissions, stock options,
or bonuses.
,15. Virtue Standard - The ethical action is consistent
with certain ideal virtues including civility, compassion,
benevolence, etc...
16. Common Good Standard - The ethical action
shows respect and compassion for all others, especially the most
vulnerable.
17. Respect and compassion for all
18. Codes of Conduct - Specifies expected and
prohibited actions in the workplace and gives an example of
appropriate behavior.
19. Stakeholder Perspective - Considering the interests
and opinions of all people, groups, organizations, or systems that
affect or could be affected by the organization's actions.
20. Performance Culture - Focuses on hiring, retaining,
developing, motivating, and making work assignments based on
performance data and results.
21. Organizational Culture - The norms, values, and
assumptions of organizational members that guide members'
attitudes and behaviors.
, 22. High-performance Work System - High
involvement or high commitment organizations.
23. Code of Ethics - A decision-making guide that
describes the highest values to which an organization aspires.
24. Rights Standard - The ethical action is the one that
best respects and protects the moral rights of everyone affected
by the action.
25. Corporate Social Responsibility - Businesses
showing concern for the common good and valuing human
dignity.
26. Fairness Standard - The ethical action treats all
people equally, or at least fairly, based on some defensible
standard.
27. Ethics - The standards of moral behavior that
define socially accepted behaviors that are right as opposed to
wrong.
28. Utilitarian Standard - The ethical action that best
balances good over harm.