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A human resource accounting measure that represents the costs of recruiting, selecting, and training the present employees.
What is Outlay Cost?
A method which consists of comparing the current situation to the desired situation in order to identify the changes required to reach the desired state.
What is a Gap Analysis?
A human resource accounting measure that estimates how much it would cost to replace a firm's existing employees in current dollars.
What is Replacement Cost?
Unique skills or resources that give an organization a competetive edge.
What is a Core Competency?
A research study iin which variables in an actual organization are mesured and correlated; sometimes called a correlational study.
What is a Field Survey?
Examining the demographic and social forces influencing the long-term composition of the labor force and the future availability of employees
What is Environmental Scanning?
The authority exercised by the human resources department when it is authorized to establish policies and procedures and monitor compliance with them.
What is Functional Authority?
A formal, standardized document that explains the scope of a project and asks for a bid from vendors.
What is an RFP? (Request for Proposal)
A measure that precedes, anticipates, or predicts future performance.
What is a Leading Indicator?
The percentage of a particular group, such as males or females, who are participating in the labor force.
What are Participation Rates?
A strategic management performance tool that assesses how well an organization is meeting its goals by evaluating both financial and non-financial key performance indicators.
What is a Balanced Scorecard?
A strategic concept showing the relationships between organizations; shows receipt of input from suppliers, adds values to them, and passes them on to buyers
What is a Value Chain?
The average number of children born to a woman during her lifetime. The fertility rate of 2.1 represents zero population growth.
What is Fertility Rate?
An agreement in which an individual agrees to provide labor in exchange for rewards offered by an organization.
What is an Employment Exchange?
When an organization contracts with a foreign company to perform one or more of its processes?
What is Global Outsourcing?
An analysis that examines the political, economic, social, and technological factors in an organization's environment.
What is PEST?
A computer-based system that integrates the various processes throughout a business; such as inventory control, order managment, production, customer service, accounting, and human resources.
What is Enterprise Resource Planning?
The balance achieved in an employment exchange where the rewards offered by an organization are roughly equivalent to the contributions that an employee is required to make.
What is an Inducements-Contributions Balance?
A report of a company's income, expenses, and profits over a certain period of time.
What is an Income Statment?
[Revenue-(Operating Expense-(Compensation cost + Benefit Coset))] / Total Number of FTE
What is Human Capital Value Added?
The method of categorizing employees into specified groups according to relevant characteristics, such as job classification or organizational level. Individuals are then selected randomly within each group according to the group size.
What is a Stratified Random Sample?
An employee who is assinged to work in a foreign country.
What is an Expatriate?
The systems by which an organization is administered, directed, and controlled.
What is Corporate Governance?
When an organizatio relocates one or more of its processes to another country, usually to save on costs
What is Off-Shoring?
A combination of two different forms of departmentalization, usually functional and product departmentalization. Creates dual accountabilities in which workers report to two supervisors, usually a functional leader and a product manager.
What is a Matrix Structure?