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HR Ch. 2

HR Ch. 2 - Term Definition strategic HR management refers...

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Term: strategic HR management Definition: refers to organizational use of employees to gain or keep a competitive advantage against competitors Term: core competency Definition: unique capability that creates high value and differentiates the organization from competition Term: organizational culture Definition: shared values and beliefs of the workforce Term: productivity Definition: the measure of the quantity and quality of work done, considering the cost of the resources used Term: unit labor cost Definition: a useful way to measure organizational productivity, which is computed by dividing the average cost of workers by their average levels of output
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Term: HR planning Definition: process of analyzing and identifying the need for and availability of human resources so that the organization can meet its objectives Term: HR strategies Definition: means used to anticipate and manage the supply of and demand for human resources; provide overall direction for the ways in which HR activities
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