HR Strategy
This must be developed with awareness of an organization's stakeholders and their unique perceptions of the value the organization delivers and of the organization's context--the marketplace forces that affect strategic choices.
What is STRATEGY?
Organizational expansion through a new site.
What is a Greenfield Operation?
Describes the inherent personality-based elements that make an individual predisposed to being engaged--a natural curiosity, a desire to be involved, an interest in problem solving.
What is TRAIT ENGAGEMENT?
Activities that focus on preparing employees for future responsibilities while increasing their capacity to perform their current jobs.
What are Developmental Activities?
Pay strategy characterized by controlling labor costs by setting rates below pay rates below those of other organizations.
What is Lag market competition?
Formulation, Development, Implementation, and Evaluation
What are the four tasks to the strategic planning and management process?
Employees' perceived value of the total rewards and tangible and intangible benefits they receive from the organization as part of employment, which drives unique and compelling organizational strategies for talent acquisition, retention, and engagement.
What is EMPLOYEE VALUE PROPOSITION (EVP)?
Physical, psychological, and social aspects of employee health.
What is WELL-BEING?
In a learning organization, our deeply ingrained assumptions that influence how we understand the world and how we take action.
What are Mental Models?
Used to group jobs that have approximately the same relative internal or external worth and are paid at the same rate or within the same pay range.
Pay Grades
Includes the actions that leaders take to move their organizations toward the goals in strategic planning and to create value for all stakeholders.
What is Strategic Management?
Clusters of highly interrelated attributes, including knowledge, skills, and abilities *KSAs), that give rise to the behaviors needed to perform a given job effectively.
What are COMPETENCIES?
Organizational culture of where talent is championed.
What is HIGH-PERFORMANCE?
People who learn best through a hands-on approach, also called tactile learners.
What are Kinesthetic learners?
In job analysis, these are the desired behaviors/results that will constitute performance in the job.
What are Performance Criteria?
Process for understanding how seemingly independent units within a larger entity intersect with and influence one another.
What is STSTEMS THINKING?
On the US, this is a legitimate job criterion that employers can legally and permissibly use to hire a foreigner (e.g., bring an expatriate into a country for a job).
What is BFOQ, bona fide occupational qualification?
Recruitment, Integration, Development, Transition
What is the EMPLOYEE LIFE CYCLE (ELC)?
The five stages of the ADDIE Model.
What are Analysis, Design, Development, Implementation, and Evaluation?
Job evaluation method that looks at compensable factors (such as skills and working conditions) that reflect how much a job adds value to the organization; points are assigned to each factor and then added to come up with an overall point value for the job.
Point-factor system
Process by which an organization identifies performance gaps and sets goals for performance improvement by comparing its data, performance levels, and/or processes against those of other organizations.
What is BENCHMARKING?
The four steps in the Selection Process.
What are Screen, Interview, Assess and Evaluate, and Select and Offer?
Special appraisal method designed to overcome the problems of category ratings by describing examples of desirable and undesirable behavior.
What is BARS, behaviorally anchored rating scale?
System that holds course content information and has the capability of tracking and managing employee course registrations, career development, and other employee development activities.
What is a Learning Management System (LMS)?
Executive compensation wherein executives may be given the option to purchase company stock at a predetermined price for a certain period of time, usually five to ten years.
What are stock option plans?