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