Flashcards
CHAPTER 01 - KEY TERMS
Cards in this deck (12)
- 1BENCHMARKINGprocess of measuring one’s own services
and practices against the recognized leaders in order to
identify areas for improvement - 2CORE COMPETENCIESa combination of knowledge, skills,
and characteristics needed to effectively perform a role in
an organization - 3DOWNSIZINGthe planned elimination of jobs
- 4GLOBALIZATIONmoving local or regional business into
global marketplace - 5HUMAN CAPITALthe individual’s knowledge, skills, and
abilities that have economic value to an organization - 6HUMAN RESOURCE MANAGEMENTan integrated
set of processes, programs, and systems in an organization
that focuses on the effective deployment and development
of its employees - 7HRM STRATEGYidentifying key
HR processes and linking those to the overall business
strategy - 8HRM SYSTEMtechnology system that provides data and information for
purposes of control and decision making - 9OUTSOURCINGcontracting outside the organization for
work that was formerly done by internal employees.
The small-business owner saves money, time, and
resources by outsourcing tasks such as accounting and
payroll - 10SIX SIGMAa ontracting outside the organization for
work that was formerly done by internal employees.
The small-business owner saves money, time, and
resources by outsourcing tasks such as accounting and
payroll - 11TALENT MANAGEMENTleveraging competencies to achieve
high organizational performance - 12TELEWORKconducting work activities in different
locations through the use of technology
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- GRA630 (CHAPTER 01 | Challenges of HRM) Flashcards on CHAPTER 01 - KEY TERMS, created by kootseeya on 02/04/2014.
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