Important Concepts 6u55l

Important concepts :

HRM - 1.

Human Resource management is the process of acquiring,

training, appraising and compensating employees. Alongside it includes attending labor relations, health and safety and fairness concerns. 2. A manager is a person responsible for accomplishing the organization's goals, and who does so by managing the efforts of the organization's people. 3. Motivating subordinates is an important part of leading.

4. Establishing goals and standards; developing rules and procedures; developing plans and forecasting is known as planning. 5. Authority is the right to make decisions, to direct the work of others, and to give orders. 6. The human resource manager directs the activities of the people in his or her own department is a line function in HR manager's duties. 7. The transactional HR group focuses on using centralized call centers and outsourcing arrangements with vendors (such as benefits advisers) to provide specialized in day-to-day activities.

8. Globalization refers to the tendency of firms to extend their sales, ownership, and/or manufacturing to new markets abroad. 9. Human capital refers to knowledge, education, training, skills and expertise of a firm's workers. 10. Evidence based HRM is the use of data, facts, analysis, scientific rigor, critical evaluation, and critically evaluated case studies to human resource management proposals, decisions, and conclusions. 11. Ethics means the standards someone uses to decide what his or her conduct should be. 12. Strategic plan is a company's plan for how it will match its internal strengths and weaknesses with external opportunities and threats in order to maintain a competitive edge. 13. The exporting of jobs from developed countries to countries where labor and other costs are lower is called offshoring. 14. Strategic human resource management links the HRM with strategic goals and objectives in order to improve business performance and develop organizational cultures that foster innovation and flexibility. It involves formulating and executing HR system. It executes HR policies and activities that produce the

employee competencies and behaviors that the company needs to achieve its strategic aims. 15. Job rotation means systematically moving workers from one job to another.

16. Job analysis includes Job title, Job summary, responsibilities and duties, job specifications, authority of incumbent, standards of performance. 17. Position analysis questionnaire uses set of standard basic activities called worker functions to describe what a worker must do with respect to data, people and things. 18.Democracy, (from Greek: "δημοκρατία") or "democratic government", is "a system of government in which all the people of a state orpolity ... are involved in making decisions about its affairs, typically by voting to elect representatives to a parliament or similar assembly", as defined by the Oxford English Dictionary.[1] Democracy is further defined as (a:) "government by the people; especially : rule of the majority (b:) "a government in which the supreme power is vested in the people and exercised by them directly or indirectly through a system of representation usually involving periodically held free elections. 19. Revolution : a forcible overthrow of a government or social order in favor of a new system. 20. Job evaluation is the process of analyzing and assessing various jobs systematically to ascertain their relative worth in an organization.

