HR Final
HR functions related to benefits administration such as health plan eligibility status, relocation, and payroll are usually not outsourced
False
Outsourcing
Is the practice of having another company (a vendor, consultant, or third-party) provide services to save money, spend more time on strategic business issues, increase ability to recruit and manage talent, improve HR service quality, and protect the company from potential lawsuits by standardizing processes such as selection and recruitment Outsourced activities include those related to benefits administration (flexible spending accounts, health plan eligibility status), relocation, and payroll
HR Function: Strategic Roles
Long Term Planning Efforts Connect to Company's Strategic Plan
Which of the following is true about outsourcing?
Outsourcing is a logical choice when a firm simply does not have certain expertise and is not willing to invest time and effort into developing it
HR Function: Tactical Roles
Short Term Immediate Needs Administrate Tasks
Phase of Strategic Management: Strategy Formulation
Strategic planning groups decide on strategic direction by defining the company's mission and goals, its external opportunities and threats, and its internal strengths and weaknesses
Two Phases of Strategic Management
Strategy Formulation and Strategy Implementation
Strategic Management
Success of the strategic management process depends largely on the extent to which the HRM function is involved
Phase of Strategic Management: Strategy Implementation
The organization follows through on the strategy that has been chosen. This includes structuring the organization, allocating resources, ensuring that the firm has skilled employees in place, and developing reward systems that align employee behavior with the strategic goals. This process entails a constant cycling of information and decision making
Strategic Role of the HRM Function
Time spent on administrative tasks is decreasing HR roles as a strategic business partner, change agent, and employee advocate are increasing HR is challenged to shift focus from current operations to future strategies and prepare non-HR managers to develop and implement HR practices HR managers face two important challenges, self-service and outsourcing
The goal of strategic management in an organization is to deploy and allocate resources in a way that it provides the company with a competitive advantage
True