SPHR Vocabulary - A thru V

Adverse Impact calculation .80 x percentage of males hired = threshold % for femalesExample= .80 x 50 = 40. If the % for women hired is less than 40% then advere impact. Balance Sheet Summarize the financial position at any given moment.Only transactions measurable in money are recorded. Balance Sheet Equation Liabilities + Equity = AssetsorAssets - Liabilities = Equity Broadbanding Advantages supports delayering, autonomy Business Case describes organizational challenge and possible alternative solutions; presenting evidence in support of a proposed solution. Characteristics of a Profession 1. National organization2. Code of ethics3. Research4. Body of Knowledge5. Credentialing Compa ratio 1.find mid-point2. take salary and divide by mid-point Critical Management Areas for HR Managing projects,Managing change,Managing 3rd party contractors,Managing technology

SPHR Vocabulary Words

Business Case describes organizational challenge and possible alternative solutions; presenting evidence in support of a proposed solution. Characteristics of a Profession 1. National organization2. Code of ethics3. Research4. Body of Knowledge5. Credentialing Compa ratio 1.find mid-point2. take salary and divide by mid-point Critical Management Areas for HR Managing projects,Managing change,Managing 3rd party contractors,Managing technology

B-C

Decreasing returns Learning curve where the learning increases rapidly at first and the rate slows. Learning routine task; most common learning curve. Equity what the company owes to owners, shareholders (combined with liabilities on the balance sheet) Evolution of Organizations 1. Startup/Introduction2. Growth3. Maturity4. Decline Extended organization Alliance between organizations to create processes and info channels that allow communication and collaboration. Commonly formed through outsourcing. May appear to one organization. Griggs v Duke Power Recognized adverse impactDiscrimmination need not be intensional or overtPractice can be illegal even when applied to everyone.Burden on employer to prove requirements are job related Gross profit margin gross profit divided by net sales = gross profit margin

D-G

H-I 

Henri Fayol Theorist on management. Income Statement Compares revenues, expenses, and profits over a specified period of time.revenues - expenses = net income Increasing returns Learning curve when learning something completely new. Slow while basics are learned; inceases as skills and knowledge are acquired. Content is complex; learner doesn't have the background.

M-N

Management Functions Planning = forecasting for futureOrganizing=designing processDirecting=scheduling, conductingControlling=measuring effectiveness Merger, Acquisition Process 1. Prepare HR staff2. Perform due diligence3. Plan integration4. Implement, monitor, measure Michael Porter Competitive Strategies: cost leadership, differentiation, focus. Net profit margin net income divided by net sales = net profit margin

P

PERT chart Program Evaluation and Review Technique = pertinent; critical chart. Used to schedule, organize, coordinate tasks. Includes timeline; and shows the critical path (even with steps that can be omitted) Plateau learner Fast at first and then flattens. Project Series of tasks and activities with sstated goals and objectives; schedule with defined start and end date and budget setting limits on resources. Project series of tasks and activities with a stated goal and objectives; defined start and end dates; and a budget for monetary and time resources Project Management Phases 1. Define problem, gain support2. Plan project3. Implement project plan4. Monitor, control, adapt 5. Evaluate outcomes

Regression analysis Statistical method used to predict a variable from one or more variables Reliability Consistency of measurement. Scatter diagram Diagram that shows the relationship between data items using x and y axis. Scheduling To an operations department the act of detailed planning based upon incoming orders, order history, and forecasts for future demand.

R-S

S shaped curve Combo of increasing and decreasing returns. Problem solving is learned on the S curve. Slow onset, then fast; then slow again with more complexity, and then faster. Strategic Planning Process Strategy Formulation = where are we goingStrategy Development = SWOT; objectives established; Strategy Implementation = short term objectives est; resources allocatedStrategy Evaluation = strategies reviewed; perform measured; corrections SWOT Analysis Strengths (internal)Weakness (internal)Opportunity (external)Threat (external)

S

T-V

Title VII C R2 Sexy NationColore, Religion, race, sex, national origin Validity Ability to measure what isintended to measure Vendor Selection Process 1. Analyze needs,define goals2. Define budget3. Create a request for proposal4. Send RFPs to chosen vendors5. Evaluate vendor proposals6. Choose a vendor7. Negotiate contract8. Implement project, monitor schedule 9 Evaluate project