Chapter1-HRM

What can increase the confidence of employees to the status of the company?

• Employee satisfaction

• Organizational goals

• Performance appraisal

• Financial position

Answer explanation

Employee satisfaction directly influences confidence in the company's status. When employees feel valued and content, they are more likely to trust and believe in the organization's direction and stability.

What is the strategic objective of the company?

• To outline expected outcomes

• To increase employee satisfaction

• To conduct performance appraisal

• To evaluate financial position

Answer explanation

The strategic objective of a company is to outline expected outcomes, which guides its direction and decision-making. This choice focuses on setting clear goals, unlike the other options that pertain to specific operational aspects.

What type of organization may establish an administration department?

• Very small organization

• Medium-sized organization

• Large organization

• Non-profit organization

Answer explanation

A medium-sized organization typically has enough complexity and staff to require an administration department for efficient management, unlike very small organizations that may not need such a structure.

Who is responsible for setting the overall direction of a company?

• Top managers

• HR specialists

• Employees

• Shareholders

Answer explanation

Top managers are responsible for setting the overall direction of a company, making strategic decisions, and ensuring that the organization meets its goals. They provide leadership and vision, unlike HR specialists, employees, or shareholders.

What is one way to evaluate employees on an individual/group basis?

• Performance appraisal

• Employee satisfaction survey

• Financial review

• Organizational assessment

Answer explanation

Performance appraisal is a systematic evaluation of an employee's performance, making it a direct method to assess individuals or groups. Other options focus on broader aspects and do not specifically evaluate performance.

What impact does financial position have on HRM activities?

• It has no impact

• It affects the ability to pay wages

• It determines employee satisfaction

• It influences organizational goals

Answer explanation

The financial position of an organization directly affects its ability to pay wages. A strong financial position allows for competitive salaries, which is crucial for attracting and retaining talent in HRM activities.

Highly profitable periods bring higher bonus

• Effects of the financial position towards the HRM activities

• Function of performance appraisal

• Factors establishment of HRM

• Objectives of HRM in the organization

Factors establishment of HRM are as follows:-

• Employess Satisfaction & organisational goals

• Size of organization & Philosophy of top management

• Performance appraisal & Evaluation the employees

• Financial position & higher bonus

The company needs to establish human resource department in order to set and achieve the goals. this statement refers to:-

• organizational goals.

• employee satisfaction

• philosophy of top management

• departmental administration

Functions of performance appraisal is:-

• a setting the overall direction of a company

• one way to evaluate the employees on short/long term on individual/group basis

• a set up a human resource department as it cannot afford to employ staff

• the confidence of employees to the status of company.