Glossary of Human Resources Management Terms, Quizzes of Hospitality and Tourism

Download Glossary of Human Resources Management Terms and more Quizzes Hospitality and Tourism in PDF only on Docsity! TERM 1 Human Resources Management (HRM) DEFINITION 1 The process of managing human talent to achieve an organization's objectives. TERM 2 Corporate Social Responsibility DEFINITION 2 The responsibility of the firm to act in the best interests of the people and the communities affected by its activities. TERM 3 Downsizing DEFINITION 3 Planned elimination of jobs. TERM 4 Employee Leasing DEFINITION 4 The process of dismissing employees who are then hired by a company (which hires all HR-related activities) and contracting with that company to lease back the employees. TERM 5 Globalization DEFINITION 5 The trend toward opening up foreign markets to international trade and investment. TERM 6 Human Capital DEFINITION 6 The knowledge, skills, and capabilities of individuals that have economic value to an organization. TERM 7 Human Resources Information System (HRIS) DEFINITION 7 A computerized system that provides current and accurate data for purposes of control and decision-making. TERM 8 Knowledge Workers DEFINITION 8 Workers whose responsibilities extend beyond the physical execution of work to include planning, decision-making, and problem-solving. TERM 9 Managing Diversity DEFINITION 9 Being aware of characteristics common to employees, while also managing employees as individuals. TERM 10 Offshoring DEFINITION 10 The business practice of sending jobs to other countries.