HRM 1 Chapter 1
HRM & OB 1 Module from FHNW Chapter 1. Key Terminology and exam like questions
HRM & OB 1 Module from FHNW Chapter 1. Key Terminology and exam like questions
Set of flashcards Details
| Flashcards | 21 |
|---|---|
| Language | English |
| Category | Micro-Economics |
| Level | University |
| Created / Updated | 22.06.2025 / 22.06.2025 |
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What is Human Resource Management (HRM)
The strategic use of people to achieve organizational goals through recruitment, development, performance management, and retention.
What is the Institutional Perspective?
Focuses on the HR department as an organizational unit with specific tasks and responsibilities.
What is the Operational Perspective?
Views HRM as a set of processes directly influencing employee performance and the achievement of business objectives.
Explain Efficiency in HRM context
The cost-effective use of human resources (minimizing inputs for maximum output).
Explain Effectiveness in HRM context
The extent to which HR practices contribute to achieving long-term competitive advantage and business goals.
How are employees viewed in the Production Factor Perspective?
Treats employees as input resources (like machines or capital) for achieving outputs.
What is the focus in the Performance Perspective?
Focuses on how HRM impacts and enhances employee and organizational performance.
How are employees seen in the Human Capital Perspective?
Views employees as assets whose value can be increased through training, experience, and knowledge.
What are the elements of the AMO Formula?
Performance = Ability × Motivation × Opportunity
Explain the term Ability
The employee's knowledge, skills, and competencies to perform a job.
Explain the term Motivation
The internal and external drive that influences willingness to perform.
What is Oppurtinity in the HRM context?
The contextual conditions (resources, policies, culture) that enable performance.
What is a HR Strategy?
A long-term plan aligning HR practices with organizational goals to ensure competitive advantage.
What are the Goals of HRM?
Supporting organizational success, fostering trust, developing talent, promoting ethics, and aligning HR with business strategy.
Fill-in
The model that explains performance based on ability, motivation, and oppurtunity is the _______ formula.
AMO
Fill-in
The HRM perspective that sees employees as inputs similar to machinery is the ______ perspective
Production factor
What is the primary focus of Human Capital Management?
Match the Terms to the Description
A) Opportunity
B) Motivation
C) Ability
D) Effectiveness
1) Employee's skills and knowledge
2) Internal/external drive to perform
3) Policies, tools, and culture that enable action
4) Achieving sustainable competitiveness
A - 3, B - 2, C - 1, D - 4
Which statements about HRM are correct?
When using the AMO formula, what questions would you ask when you are confronted with Performance issues?
Do employees have the right skills? → Ability Are they motivated? → Motivation Do they have the resources, feedback, and autonomy? → Opportunity
What are important aspects when deciding if the HR Strategy is good?
It should be linking with the Business Strategy
Supports organizational structure and culture
Ensures talent pipelines
Builds engagement and retention
Is adaptable to external forces (e.g. labor market trends)
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