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How can HRM create value within an organization? ✔✔by making the company better at executing its strategy The purpose of the organizational function of HRM is to_______? ✔✔attract, hire, develop, reward, and retain talent Taking workplace health and safety seriously helps to reduce ____ risk? ✔✔compliance When an organization adopts a new manufacturing process, which HRM function is responsible for improving employees' skills to meet its new talent? ✔✔training Staffing is the process of planning, acquiring, deploying and retaining employees that enables the organization to meet its talent needs and execute its ___? ✔✔business strategy Separations due to poor performance, layoffs, or restricting are part of which HRM function? ✔✔staffing ___ planning can help to ensure that an organization has people ready to assume leadership positions as soon as those positions become available. ✔✔succession What type of management involves aligning individual employees' goals and behaviors with organizational goals and strategies? ✔✔performance management By providing the raw talent that the system will manage, staffing influences the effectiveness of which system? ✔✔performance management To promote and maintain ethical behavior, managers need to provide ___ feedback. ✔✔performance Compensation received in the form of salary, wages, commissions, stock options, or bonuses is called ____. ✔✔direct financial compensation Compensation including free meals, vacation time, and health insurance is called ___. ✔✔indirect financial compensation Rewards and incentives given to employees that are not financial in nature, including intrinsic rewards received form the job itself or from the work environment, are called ___. ✔✔Nonfinancial Compensation When a company creates new HRM initiatives to strengthen employees' ethical awareness and company culture to enhance its competitive advantage, if is managing ___. ✔✔strategic risk HRM affects the speed and effectiveness of talent acquisition as well as the development of employees' skills and the identification and retention of top performers. These and other HRM activities that can directly influence the organizations success or failure are example of ___. ✔✔operational risk When new HRM processes reduce the cost of hiring employees, they have reduced its ___. ✔✔financial risk Thinking through the ramifications of an employment-related decision in terms of legal risk, particularly in the areas of diversity, health, and safety, union relations, whistleblowers, and harassment, is an example of managing ___. ✔✔compliance risk To expand internationally, ____ have been common organizational strategies. ✔✔mergers and acquisitions
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