Managing Human Capital C202
Describe the primary Functions of HR - correct answer ✔✔1. Staffing
2. Health and Safety
3. Performance Management
4. Rewards and Benefits
5. Training and Development
6. Employee and Management Relations
Staffing - correct answer ✔✔Acquiring, Allocating and retaining the right employees to give the company
a strategic advantage.
Health and Safety - correct answer ✔✔Keep your employees safe at work for ethical and compliance
reasons. Including physical and mental health.
Employee Management relations - correct answer ✔✔Making sure both the employee and manager are
represented fairly and bothy have rights. Works with unions if necessary
Training Development - correct answer ✔✔Keeping employees trained on how to best do their jobs and
up to date on skills needed
Rewards and Benefits - correct answer ✔✔Making sure to keep employees rewarded and compensated
fairly for their work and providing benefits to retain talent
Performance Management - correct answer ✔✔Align employees goals with companies goals and
appraising and evaluating past and current work
Why is HRM important? - correct answer ✔✔- improves efficiency
- contributes to revenue growth
- manages risk
,- Convert potential performance to actual performance
- influences what people should, can and will do
How does HRM Support business strategy - correct answer ✔✔- Aligns company's values and goals with
employees values and goals
- influences strategies of each function
- Creates integrated HRM execute business strategy
How does HRM support organizational leadership? - correct answer ✔✔Human resource compliance,
balancing policy an legal requirements, and keeping employees engaged , motivated and productive.
Ethical Standards - correct answer ✔✔1. Utilitarian Standard
2. Rights Standard
3. Fairness Standard
4. Common Goods Standard
5. Virtue Standard
Utilitarian Standard - correct answer ✔✔Balances good over harm. Doing most good or least harm
Rights Standard - correct answer ✔✔Best respects and protects everyone's moral rights including right
to privacy, to be told the truth or safe. E.g. A manager tells and employee to handle toxic substance
without protective gear, the employee can refuse
Fairness standard - correct answer ✔✔Everyone is treated equally or at least fairly.
Common Good Standard - correct answer ✔✔Shows respect and compassion for everyone, especially
the most vulnerable. E.g. No child labor, unsafe working conditions
Virtue Standard - correct answer ✔✔Contains ideal virtues like civility, compassion, benevolence. E.g.
REcalling products that are dangers our defect
, How HRM can create the foundation for success of a merger or acquisition - correct answer ✔✔1.
Participating in conducting due diligence
2. Developing practices that support knowledge transfer and rapid learning
3. Developing strategies to retain top talent and release poor performers
4. Monitoring the new culture to identify ways to strengthen it
5. Planning for continuous adjustment and learning through the process
Describe how Human Resource Managers may serve as internal consultants for managment - correct
answer ✔✔-Promotes employee participation, commitment and identification with the organization
-Helps hire the right talent and helps decide who to let go during layoffs
Explain how HRM practices reinforce organizational culture - correct answer ✔✔- Formalized
Expectations and guides employees when policies don't exist
- Determines who is hired and fired
- Determines trainings, goals accountability and who is rewarded
- Plays a large role in HPWS
Explain how Diversity and inclusion benefit organizational performance - correct answer ✔✔- Good PR
avoiding negative publicity
- Avoid legal expenses and staying compliant
- New ideas come from diverse ways of seeing things
- Better you are able to work with all types of people, the better you will be at your job
- Diversity fosters creativity and innovation
Define affirmative action - correct answer ✔✔- proactive efforts to eliminate discrimination and its past
effects
- Provides employment opportunities to protected classes
Describe the differences between adverse impact and disparate treatment - correct answer ✔✔-
Disparate treatment is intentional discrimination based on a person's protected characteristics
Describe the primary Functions of HR - correct answer ✔✔1. Staffing
2. Health and Safety
3. Performance Management
4. Rewards and Benefits
5. Training and Development
6. Employee and Management Relations
Staffing - correct answer ✔✔Acquiring, Allocating and retaining the right employees to give the company
a strategic advantage.
Health and Safety - correct answer ✔✔Keep your employees safe at work for ethical and compliance
reasons. Including physical and mental health.
Employee Management relations - correct answer ✔✔Making sure both the employee and manager are
represented fairly and bothy have rights. Works with unions if necessary
Training Development - correct answer ✔✔Keeping employees trained on how to best do their jobs and
up to date on skills needed
Rewards and Benefits - correct answer ✔✔Making sure to keep employees rewarded and compensated
fairly for their work and providing benefits to retain talent
Performance Management - correct answer ✔✔Align employees goals with companies goals and
appraising and evaluating past and current work
Why is HRM important? - correct answer ✔✔- improves efficiency
- contributes to revenue growth
- manages risk
,- Convert potential performance to actual performance
- influences what people should, can and will do
How does HRM Support business strategy - correct answer ✔✔- Aligns company's values and goals with
employees values and goals
- influences strategies of each function
- Creates integrated HRM execute business strategy
How does HRM support organizational leadership? - correct answer ✔✔Human resource compliance,
balancing policy an legal requirements, and keeping employees engaged , motivated and productive.
Ethical Standards - correct answer ✔✔1. Utilitarian Standard
2. Rights Standard
3. Fairness Standard
4. Common Goods Standard
5. Virtue Standard
Utilitarian Standard - correct answer ✔✔Balances good over harm. Doing most good or least harm
Rights Standard - correct answer ✔✔Best respects and protects everyone's moral rights including right
to privacy, to be told the truth or safe. E.g. A manager tells and employee to handle toxic substance
without protective gear, the employee can refuse
Fairness standard - correct answer ✔✔Everyone is treated equally or at least fairly.
Common Good Standard - correct answer ✔✔Shows respect and compassion for everyone, especially
the most vulnerable. E.g. No child labor, unsafe working conditions
Virtue Standard - correct answer ✔✔Contains ideal virtues like civility, compassion, benevolence. E.g.
REcalling products that are dangers our defect
, How HRM can create the foundation for success of a merger or acquisition - correct answer ✔✔1.
Participating in conducting due diligence
2. Developing practices that support knowledge transfer and rapid learning
3. Developing strategies to retain top talent and release poor performers
4. Monitoring the new culture to identify ways to strengthen it
5. Planning for continuous adjustment and learning through the process
Describe how Human Resource Managers may serve as internal consultants for managment - correct
answer ✔✔-Promotes employee participation, commitment and identification with the organization
-Helps hire the right talent and helps decide who to let go during layoffs
Explain how HRM practices reinforce organizational culture - correct answer ✔✔- Formalized
Expectations and guides employees when policies don't exist
- Determines who is hired and fired
- Determines trainings, goals accountability and who is rewarded
- Plays a large role in HPWS
Explain how Diversity and inclusion benefit organizational performance - correct answer ✔✔- Good PR
avoiding negative publicity
- Avoid legal expenses and staying compliant
- New ideas come from diverse ways of seeing things
- Better you are able to work with all types of people, the better you will be at your job
- Diversity fosters creativity and innovation
Define affirmative action - correct answer ✔✔- proactive efforts to eliminate discrimination and its past
effects
- Provides employment opportunities to protected classes
Describe the differences between adverse impact and disparate treatment - correct answer ✔✔-
Disparate treatment is intentional discrimination based on a person's protected characteristics
