Solutions.
human resources management correct answers the design of formal systems in an
organization to a manage human talent for accomplishing organizational goals
human capital correct answers the collective value of the capabilities, knowledge, skills, life
experiences, and motivation of an organization workforce
core competency correct answers a unique capability that creates high value at which an
organization excels
productivity correct answers measure of quantity/quality of work done, considering cost and
resources
organizational culture correct answers shared values/beliefs that give members meaning and
provide them rules for behavior
expatriate correct answers citizen of country working in second county as employee of
company in the first country
host-country national correct answers citizen of one country working in that country and
employed by organization in second country
third country national correct answers citizen of one country, working in second country,
employed by organization in third country
hr generalist correct answers responsibility for performing a variety of activities
hr specialist correct answers has in-depth knowledge ad expertise in limited area of human
resources
strategy correct answers a plan an organization uses/follows for how to compete successfully,
survive and grow
strategic planning correct answers process of defining organizations strategy and allocating
resources towards its achievement
organizational mission correct answers the core reason for the existence of the organization
and what makes it unique
strategic hr management correct answers entails providing input into organizational strategic
planning and appropriate use of HR management practices to gain competitive advantage
multinational coroporation (MNC) correct answers a corporation that has facilities and other
assets in at least one other country than its home country
offshoring correct answers the relocation of a business process or operation by a company
from one country to another
, hr planning correct answers process of analyzing and identifying the need four ad availability
of people so that the organization can meets its strategic objectives
environmental scanning correct answers assess external and internal environmental
conditions that effect an organization
succession planning correct answers identifying replacements of key employees through
orderly plan
forecasting correct answers using information from past and present to identify expected
current conditions
internal supply for this year (equation) correct answers current staffing level - projected
outflows + projected inflows
severance benefit correct answers temporary payments made to laid off employees to ease the
financial burden on employees
outsourcing correct answers transferring management and performance of business functions
to external providers
alternative work arrangements correct answers nontraditional schedules that provide
flexibility to employees
due diligence correct answers a comprehensive assess of all aspects of business being
combined
effectiveness correct answers ability to produce a specific desired effect or result that can be
measured
efficiency correct answers the degree to which operations are done in an economical manner
hr metrics correct answers specific measures of hr performance indicators
hr analytics correct answers evidence-based approach to making hr decision on the base of
quantitative tools and models
hr benchmarking correct answers comparing the business results to industry standards
balanced scorecard correct answers a framework used to report a diverse set of performance
measures
return on investment correct answers calculation showing value of investment
return on investment (equation) correct answers value of gains from productivity
improvements for the time period divided by operating costs for a new or enhanced system
for the time period plus one time cost of acquisition and implementation