HR Study Guide CH2.csv

The process of defining organizational strategy and allocating resources toward its achievement.

The core reason for the existence of the organization and what makes it unique.

Refers to the use of employees to gain or maintain a competitive advantage.

The ability to produce a specific desired effect or result that can be measured.

The degree to which operations are done in an economical manner.

The assessment of internal and external environmental conditions that affect the organizations.

The process of identifying a plan for the orderly replacement of key employees.

A corporation that has facilities and other assets in at least one country other than its home country.

The relocation by a company of a business process or operation from one country to another.

A comprehensive assessment of all aspects of the business being acquired.

Temporary payments made to laid-off employees to ease the financial burden of unemployment.

Nontraditional schedules that provide flexibility to employees.

Transferring the management and performance of a business function to an external service provider.

The planning, implementation, and application of information technology to perform HR activities.

Specific measures tied to HR performance indicators.

Comparing the business results to industry standards.

A framework used to report a diverse set of performance measures.

Calculation showing the value of an investment.

Calculated by subtracting all operating expenses except for labor expenses for labor expenses from revenue and dividing by the total full-time head count.

Directly shows the operating profit derived from investments in human capital.

Wealth created per employee.

A formal research effort to assess the current state of HR practices.