Culture
It is the belief that the culture in which we are raised determines who we are at emotional and behavioral levels.
What is cultural determinism.
Involves a subjective evaluation of actions, feelings, or behaviors.
Qualitative data
Desired gain or loss.
Risk position
What is the key strategic decision HR must help global organizations make?
Balance between global integration and local responsiveness.
What does COBRA stand for?
Consolidated Omnibus Budget Reconciliation Act
The principle that an individual human beliefs and activities should be understood by others in terms of that individual's own culture.
What is cultural relativism.
Focus group that collects information from a group on a preselected issue. Respondents are anonymous.
Delphi technique
Risk appetite
Process of creating, acquiring, sharing, and managing knowledge to augment individual and organizational performance.
Knowledge management
Undesirable engagement, employees appear engaged but do not actually feel or think in an engaged way.
Transactional engagement
Applies the principle of effects and causes in the form of a histogram.
Pareto Chart
use to illustrate causes of situations
A tool that is used during risk assessment to define the level of risk by considering the category of probability against the severity of the risk.
Risk matrix
Prevents an employer from losing the FLSA overtime exemption for improper pay deduction.
Safe-harbor provision
A company contracting a part of its business to an external company located in a country that is relatively close or within its own region.
Near-shoring
Characterized by the attitude that one's own group, beliefs, culture, and/or customs are superior. The only way.
Ethnocentrism
The average age of employees at an organization is 37, with a standard deviation of 8 years. Which range will include 95% of employees?
21-53 years
In a normal distribution, 95% of the data points will fall within two standard deviations (+/-11;) of the mean or average. So if the average age is 37, two standard deviations in either direction will mean a lower age of 21 (37 & 11; 16) and an upper age of 53 (37 + 16).
Which risk management tactic is taken to guarantee positive risks happen or negative risks never happen?
Eliminate uncertainty (Upside: Optimize Downside: Avoid)
Daily Double!!
Describes the phenomena of the workforce in emerging economies becoming disproportionately young, while the workforce in developed economies rapidly ages.
Demographic Dichotomy
Which step in the ADDIE Model where validation of resources is performed?
Develop
Edgar Schein divides an organization's culture into 3 distinct levels.
Artifacts, values, and assumptions.
Performance at ABC Medical shows that labor productivity has remained at $12,520 for the past four years with 355 employees in year 6.
If the management of ABC Medical assumes that labor productivity will stay at $12,250 and sales are predicted to increase to $5 million in year seven, how many employees will the HR Manager need to hire?
44 employees
What task must be accomplished before identifying and analyzing risks?
Understanding the organization's risk appetite/tolerance.
The Uniform Guidelines on Employee Selection Process requires that testing be focused on what?
Reliability & Validity
Companies with a ________ strategy have as their aim to meet the needs and requirements of the local markets worldwide by customizing and tailoring their products and services extensively.
Multidomestic strategy