Potential Quiz 1 Questions

Potential Quiz 1 Questions - POTENTIAL QUIZ 1 QUESTIONS...

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POTENTIAL QUIZ 1 QUESTIONS POTENTIAL QUIZ 1 QUESTIONS CHAPTER TA: SARAH SOHN CHAPTER TA: SARAH SOHN 1. Are people always an organization’s most valuable asset? Why or why not? Lecture & class discussion (Introduction & The Challenge of HRM PowerPoint Slides) o Some of the people, some of the time. o It depends on the company, industry, and the employees’ contribution. These characteristics vary from company to company! o For example, in the jewelry industry, the gems are the most valuable asset. 2. Describe the criteria necessary for a firm to achieve sustained competitive advantage through people. Lecture & class discussion (Introduction & The Challenge of HRM PowerPoint o They have to create value o They have to be rare and unavailable to competitors o Are difficult to imitate o Without a strategic equivalent Can a machine do your job for you? o Organized for synergy—may require HR flexibility 3a. Because labor costs are often the largest expense of a firm, cost containment options often focus on labor cost reductions. In class we discussed several approaches that organizations may take to lower labor-related costs. List each of the approaches that organizations may take to lower labor-related costs we discussed in class. Lecture & class discussion (Introduction & The Challenge of HRM PowerPoint o Downsizing Elimination of jobs o Outsourcing Giving someone else outside the company job responsibilities that used to be done by employees internally o Employee leasing The process of dismissing employees who are then hired by a leasing company (which handles all HR related activties) and contracting with that company to lease back the employees Org can maintain its working relationships with its employees but shift some employment costs to the leasing company in return for a fee. o Productivity enhancements Same number of employees, produce more o Workforce mixing Use of contingent workers, not full time workers. Get them to do the same work as your standard employees. Therefore, if seasonal increases in
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POTENTIAL QUIZ 1 QUESTIONS POTENTIAL QUIZ 1 QUESTIONS demand, you can do this without incurring long term employee and benefits costs 3b. Describe any three of the approaches that organizations may take to lower labor-related costs that you listed above (i.e., in question 3a). Lecture & class discussion (Introduction & The Challenge of HRM PowerPoint o See 3A 4a. What are the benefits associated with a no-layoff policy?
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Potential Quiz 1 Questions - POTENTIAL QUIZ 1 QUESTIONS...

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