Human Resources Management in Canada Mid Term Exam Questions and Answers 2024

Human Resources Management in Canada Mid Term Exam Questions and Answers 2024 Human Resources Management (HRM) -Answer-The management of people in organizations to drive successful organizational performance and achievement of the organization's strategic goals Human Capital -Answer-The knowledge, education, training, skills, and expertise of an organization's workforce Scientific Management -Answer-The process of "scientifically" analyzing manufacturing processes, reducing production costs, and compensating employees based on their performance levels Human Resources Movement -Answer-A management philosophy focusing inn concern for people and productivity Outsourcing -Answer-The practice of contracting with outside vendors to handle specified business functions on a permanent basis Employee Engagement -Answer-The emotional and intellectual involvement of employees in their work, such as intensity, focus, and involvement in his or her job and organization Strategy -Answer-The company's plan for how it will balance its internal strengths and weaknesses with external opportunities and threats to maintain a competitive advantage Change Agents -Answer-Specialists who lead the organization and its employees through organizational change Environmental Scanning -Answer-Identifying and analyzing external opportunities and threats that may be crucial to the organization's success Metrics -Answer-Statistics used to measure activities and results Balanced Scorecard -Answer-A measurement system that translates an organization's strategy into a comprehensive set of performance measures Productivity -Answer-The ratio of an organization's outputs (goods and services) to its inputs (people, capital, energy, and materials) Primary Sector -Answer-Jobs in agriculture, fishing and trapping, forestry, and mining Secondary Sector -Answer-Jobs in manufacturing and construction Tertiary or Service Sector -Answer-Jobs in public administration, personal and business services, finance, trade, public utilities, and transportation/communications Traditionalists -Answer-Individuals born before 1946 Baby Boomers -Answer-Individuals born between 1946 and 1964 Generation X -Answer-Individuals born between 1965 and 1980 Generation Y -Answer-Individuals born since 1980 Contingent/Non-Standard Workers -Answer-Workers who do not have regular full-time employment status Globalization -Answer-The emergence of a single global market for most products and services Organizational Culture -Answer-The core values, beliefs, and assumptions that are widely shared by members of an organization Organizational Climate -Answer-The prevailing atmosphere that exists in an organization and its impact on employees