Human Resources Management Flashcard

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Human Resources

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The people employed in a business

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What does Human Resources Management (HRM) involve?

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Determining human resources needs, acquiring, training, and compensating people to fill those needs

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What is the purpose of a Job Description?

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To describe the job in detail to find the most qualified person for the position

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Recruitment

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Actively looking for qualified people to fill a job

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Reference (in job selection context)

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Someone who comments on a job applicant’s character and qualifications

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Orientation for new employees

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Helping new employees adjust to a company by familiarizing them with fellow workers, procedures, and physical properties

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What is the difference between a "Wage" and a "Salary"?

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Wage is paid hourly, salary is a fixed amount for each week, month, or year

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What are "Benefits" for employees?

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Extra compensation such as health insurance, sick leave, and retirement plans

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Promotion

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Giving an employee a higher-level job with more authority, responsibility, and pay

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Seniority

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The status given to an employee based on rank or length of service