{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Quiz_1_Review_Solutions

Quiz_1_Review_Solutions - Green is used to indicate...

Info icon This preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Green is used to indicate material/resource is available on course blackboard Quiz 1 Area/Topic Importance Key Red – You should have an in-depth knowledge and a very good understanding of the topic/area Blue – You should have a good knowledge and understanding of the topic/area THE CHALLENGE OF HRM 1. Why study human resource management? Staffing the org., designing jobs and teams, developing skillful employees, identifying approaches for improving performance, rewarding employee success—as relevant to line managers as are to HR managers. 2. Competitive advantage through people Core Competencies: Integrated knowledge sets within an org. that distinguish it from its competitors and deliver value to customers. Compettive advantage gained through people if these human resources: 1. have value, 2. are rare and unavailable to competitors 3. are difficult to imitate, 4. are organized for synergy 3. Managing change Types of change: Reactive or Proactive A. Managing change through people HR flexibility - 08/29 Lecture B. Why change efforts fail & key elements in successful change processes: Fail: 1. Not establishing a sense of urgency 2. Not creating a powerful coalition to guide the effort 3. Lacking leaders with a vision 4. Lacking leaders who communicate vision 5. Not removing obstacles to the new vision 6. Not systematically planning for and creating short-term “wins” 7. declaring victory too soon 8. Not anchoring changes in the corp. culture Succeed: 1. Link change to biz strategy 2. Create quantifiable benefits 3. engage key employees, customers, and their suppliers… 4. Integrate behavior changes 5. lead clearly, unequivocally, and constantly 6. invest to implement and sustain change 7. they communicate continuously and personally 4. Containing costs -
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Managers are pressured to show top managers “bottom line” financial results… Labor costs are one of largest expenditures… healthcare costs of insuring workers etc. have skyrocketed recently. To reduce costs, firms are downsizing, outsourcing, off shoring, and engaging in employee leasing to enhance productivity. Downsizing;- Planned elimination of jobs Outsourcing; Contracting outside of the org. to have work done that was formerly done by yourself Offshoring; business practice of sending jobs to other countries Employee Leasing; process of dismissing employees, then they are rehired by a leasing company and contracted to work back at the same job Productivity Enhancements; Motivation (job enrichment, promotions, coaching…) Enviornment (employee empowerment, teams, leader support…) Ability (recruitment, selction, training, development) Layoffs- Hidden costs of layoffs: 1. Severence and rehiring costs, accrued vacation and sick day payouts, pension and benefit payoffs, potential law suits, loss of institutional memory and trust in management, lack of staffers when the economy rebounds, survivors who are risk- averse, paranoid, and political Benefits of a No-Layofff policy:
Image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern