ASU MGT 420 Exam 1 - GRADED A
SOLUTIONS 2024
What are the old and new roles for HRM? - Old (cost center) Keep track of forms, policy &
procedure enforcement, payroll and insurance, cost reduction. New (strategic partner) Employee
development, integration with core bus, change management, result oriented.
Why do personnel policies exist? - influence the characteristics of the positions to be filled. An
organization's personnel policies are its decisions about how it will carry out human resource
management, including how it will fill job vacancies.
Why is HR important/valuable to organizations? - Hr had become one of the most important
organizational functions that involve strategic planning.
How does HR create a competitive advantage for companies? - An example is fortune 100 seems
to create a sustainable competitive advantage. Through steps:
analysis and design of work,
hr planning,
recruiting, selection,
training and development, performance management,
compensation
What does it mean for HR to be a "strategic partner" in an organization? - An example:
Developing a program to select the right employees for a dynamic work environment.
What is the resource-based view of the firm? - RBV is the value of resources depends on several
factors. Resources (financial, physical, interpersonal) to create resource value it needs to be
either rare or difficult to imitate.
Who is responsible for HRM? - YOU, if you are in charge of employees (performance
management, training, recruitment & Selection).
A research study showed that a one standard deviation improvement in HR policies was
associated with _____ decrease in turnover - 7%
To be an effective talent manager, HR needs to understand..... - The structure of the organization
What is "human capital"? - The training, experience, judgement, intelligence, relationships, and
insights of your employees that CAN add economic value to the organization.