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Exam (elaborations)

MNGT 361 UNL Study Guide Exam 1 Questions And Actual Answers.

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  • MNGT
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  • MNGT

Human Resource Management - Answer Designing formal systems in an organization to manage human talent for accomplishing organizational goals. Why Organizations Need HRM - Answer -Address worker engagement, performance, leadership development, retention -Manage health care, retirement conc...

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  • September 5, 2024
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MNGT 361 UNL Study Guide Exam 1
Questions And Actual Answers.
Human Resource Management - Answer Designing formal systems in an organization to manage
human talent for accomplishing organizational goals.



Why Organizations Need HRM - Answer -Address worker engagement, performance, leadership
development, retention

-Manage health care, retirement concerns, hiring, and educating

-Manage a globalized workforce, diversity, sustainability, and social media

-Facilitate the sharing of employee knowledge and expertise



Core Competency - Answer A unique capability that creates high value and differentiates an
organization from its competition



Human Capital - Answer Collective value of the capabilities, knowledge, skills, and motivation of an
organizations workforce



Productivity - Answer A measure of the quantity and quality of work done, considering the cost of
resources used



Unit Labor Cost - Answer A measure of HR productivity computed by dividing the average cost of
workers by their average levels of output



Organizational Culture - Answer Shared values and beliefs that give members of an organization
meaning and provide them with rules for behavior



HR Management Functions - Answer -HR strategy and planning

-Equal employment opportunity

, -Staffing

-Talent management and development

-Rewards

-Risk management and worker protection

-Employee and labor relations



HR Management External Influences - Answer -Global

-Environmental

-Cultural/Geographic

-Politcal

-Social

-Legal

-Economic

-Technological



Roles of HR Management - Answer Administrative, Operational, Strategic



HR Management Challenges - Answer -Competition -Cost Pressures, and Restructuring

-Globalization

-A Changing Workforce

-Human Resource and Technology



Competition, Cost Pressures, and Restructuring - Answer -Job shifts

-Skill shortages



Globalization - Answer Integration of global operations, management, and strategic alliances



Benefits of Technology - Answer Improves administrative and operational efficiency of HR functions
and reduces costs

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