ANSWERS GRADED A+
✔✔Trend Analysis - ✔✔Involves collecting information over time, attempting to find a
pattern in the data, and using this pattern to make projections of future events.
✔✔Trend and ratio - ✔✔Use of statistics to determine whether relationships exist
between two variables.
✔✔Compa-Ratio - ✔✔Pay level divided by the midpoint of the pay range. Shows
whether organizations are leading or lagging the marketplace
✔✔Delphi method - ✔✔a group of experts is established, but there is no interaction
among them; instead, they respond by repeatedly responding to questionnaires (useful
when geographically distant from one another)
✔✔SWOT analysis - ✔✔Process for assessing an organization's strategic capabilities in
comparison to threats and opportunities identified during environmental scanning.
✔✔Needs assessment - ✔✔an assessment of which employees need training or
development and what type of skills or knowledge they need to acquire
✔✔Salary Compression - ✔✔When new hires are paid nearly the same as more
experienced employees
✔✔HR professionals scientific research - ✔✔Problem Analysis, Hypothesis formulation,
data collection, data examination.
✔✔Recruitment interface - ✔✔Line manager typically determines qualifications and
anticipates needs.
✔✔On the job training - ✔✔training that takes place in the work setting as employees
perform their job tasks (Most common type of training)
✔✔Replacement charts - ✔✔Graphically shows current jobholders possible successors,
and each successor's readiness to assume the job
✔✔affirmative action - ✔✔A policy designed to redress past discrimination against
women and minority groups through measures to improve their economic and
educational opportunities. It requires applicants to have the basic qualifications for the
job
✔✔Right-To-Work - ✔✔a measure that bans mandatory union membership
, ✔✔Job Specification - ✔✔Spells out qualifications necessary for an incumbent to be
able to perform a job.
✔✔Lockout - ✔✔situation that occurs when management prevents workers from
returning to work until they agree to a new contract
✔✔Cross-training - ✔✔The use of a variety of exercise techniques and types to improve
overall performance. HR transition strategy.
✔✔Income statement - ✔✔exactly what happened during a given year what sales and
expenses were as well as profits. Sales less expenses - lists profit or loss.
✔✔Competency- based pay - ✔✔strategic compensation plan fosters acquisition of
knowledge and skills and enhances employees' performance, satisfaction, and self-
efficacy
✔✔Pay for Performance P4P - ✔✔Monetary incentives tied to one's results or
accomplishments. focuses attention on incentivized behavior. Employers must be able
to defend performance appraisal methods and differences in salary increases
✔✔Competitive Pay - ✔✔Attracts qualified job candidates
✔✔Equitable exchange - ✔✔motivates willingness to contribute prescribed and
voluntary performance.
✔✔HR's strategic responsibilities - ✔✔1- Participating in creating the organization's
business strategy
2- aligning the HR strategy with the organization's strategy
3- Supporting other functions in their strategic roles
✔✔The Fifth Discipline on Learning Organizations - ✔✔Organizations that can
deliberately and strategically create their markets through self-development
✔✔HR Audit - ✔✔Audits that provide information to determine the effectiveness of HR
programs. With this information, successful programs can be enhanced while ineffective
ones can be eliminated. The importance of the audit is that while it yields information
specific to the functioning of HR programs, these programs have an organization-wide
effect. Therefore, the results of the audit impact more employees than only those in the
HR department.
✔✔State engagement - ✔✔Facet of employee engagement that is influenced by
workplace conditions or practices (e.g., task variety, opportunities to participate in work
decisions) that can be improved through organizational interventions directly under
management's control.