Answer the following statements true (T) or false (F)
1. Recruiting and selecting people is the first step in the strategic human resource process.
2. Human capital is the economic or productive potential of employee knowledge and actions.
3. Collective capital is the economic or productive potential of strong, trusting, and cooperative relationships.
4. Understanding current employee needs and predicting future ones are the two parts of strategic human resources recruiting.
1. FALSE
The strategic human resource process is shown in Figure 9.1. Recruiting and selecting people comes after steps to formulate strategic plans and planning human resources needed.
2. TRUE
Human capital is the economic or productive potential of employee knowledge and actions. A present or future employee with the right combination of knowledge, skills, and motivation to excel represents human capital with the potential to give the organization a competitive advantage.
3. FALSE
Social capital is the economic or productive potential of strong, trusting, and cooperative relationships. Relationships do matter.
4. TRUE
Strategic human resource planning consists of developing a systematic, comprehensive strategy for (a) understanding current employee needs and (b) predicting future employee needs.
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