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Exam (elaborations)

HRM EXAM 1 QUESTIONS & ANSWERS 2024/2025

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HRM EXAM 1 QUESTIONS & ANSWERS 2024/2025 (1-1) Explain why all managers need to understand HRM basics and some factors impacting 21st century HRM. (Note: you should be able to explain the importance for Management to know ANY HR concept!) - ANSWERSHRM provides all managers with tools to ...

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  • October 25, 2024
  • 11
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • HRM
  • HRM
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HRM EXAM 1 QUESTIONS & ANSWERS
2024/2025

(1-1) Explain why all managers need to understand HRM basics and some factors

impacting 21st century HRM.



(Note: you should be able to explain the importance for

Management to know ANY HR concept!) - ANSWERSHRM provides all managers with tools to engage
their employees and as a result increase employee productivity and company profitability



COMPETITIVE ADVANTAGE



EMPLOYEE ENGAGEMENT

- Job satisfaction

- Willingness to perform at a high level

- Willingness to perform over the long term



ORGANIZATIONAL SUCCESS

- EMPLOYEE ENGAGEMENT

- EFFECTIVE MGT

- PRODUCTIVITY

-PROFITS



Communicate the Company's values & directives

Maintain best practices

Stay within established budget

Hire senior HR manager (CHRO)

Create and improve effectiveness and efficiency within organizations

, 4 CRITICAL DEPENDENT VARIABLES - ANSWERSAT PJ



ABSENTEEISM

TURNOVER

PRODUCTIVITY

JOB SATISFACTION



(1-2) Discuss how today's HRM helps improve organizational revenues and links to FOUR

critical dependent variables/outcomes. - ANSWERSActs as a productivity center



enhancing profitability of company by improving employee productivity



HRM practices help to improve organizational efficiency



employees become more effective in used properly



which means managers wont use their time in a inefficient manner



Productivity

Job satisfaction

Turnover

Absenteeism



(1-3) Identify and briefly describe the EIGHT major HRM discipline areas. - ANSWERSLegal: EEO and
Diversity Management

Staffing

Training and Development

Employee Relations

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