29955791
Description
Flashcards by Taylor Bentley, updated more than 1 year ago
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Created by Taylor Bentley
over 3 years ago
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| Question | Answer |
| Human Resources Management (HRM) | The process of managing human talen to acieve an organization's objectives |
| Human Capital | The knowledge, skills, and capabilities of individuals that have economic value |
| Six Sigma | A set of principals and practices whose core ideas include understanding customer needs, doing things right the first time and striving for continuous improvement |
| Reengineering | The fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in cost, quality, service and speed |
| Downsizing | Planned elimination of jobs |
| Outsourcing | Contracting out work that was formerly done by employees |
| Change Management | A systematic way of bringing about and managing both organizational change and changes on the individual level |
| Reactive Changes | Changes that occur after external forces have already affected performance |
| Proactive Change | Change initiated to take advantage of targeted opportunities |
| Globalization | The trend to opening up foreign markets to international trade and investment |
| Corporate Social Responsibility | Workers whose responsibilities extend beyond the physical execution of work to include planning, decision making and problem solving |
| Human Resources Information System (HRIS) | A computerized system that provides current and accurate data for purposes of control and decision making |
| Furloughing | A situation in which an organization asks or requires employees to take time off for either no pay or reduced pay |
| Offshoring | The business practice of sending jobs to other countries |
| Nearshoring | The process of moving jobs closer to one's home country |
| Employee Leasing | The process of dismissing employees who are then hired by a leasing company (which handles all HR related tasks) and contracting with that company to lease back the employee |
| Line Managers | Non-HR managers who are responsible for overseeing the work of other employees |
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