Question
A) HR strategies can contribute to human capital and competitive advantage. People will stay in a job longer based on practices that are aligned with
A) HR strategies can contribute to human capital and competitive advantage. People will stay in a job longer based on practices that are aligned with business goals. Employees will contribute more to the company and its financial success when the company invests in them. Those same strategies will also contribute to the growth of the business.
1. Explain why this is a critical learning point.
2. Basis of decision.
3. Career Application.
B) Having employees be experts in the field, is a competitive advantage not talked about much in modern society due to the ability for a quicker turnaround from online resources. I think this is a critical point because this alleviates human intelligence on a subject, as the internet is used to answer consumer questions. In-person communication with your employees and consumers will show attention to detail, determination, and open interpretation for growth.
1. Explain why this is a critical learning point.
2. Basis of decision.
3. Career Application.
C) The responsibility of a CEO is when it comes to creating a competitive advantage. I believe the key is people and employees as well, from the smallest of businesses to the largest of corporations. I think this is a critical point because the behavior of an immediate supervisor is one of the most influential people in a business, they are the key link between management and the employees.
1. Explain why this is a critical learning point.
2. Basis of decision.
3. Career Application.
D) Having employees be experts in the field, is a competitive advantage not talked about much in modern society due to the ability for a quicker turnaround from online resources. This alleviates human intelligence on a subject, as the internet is used to answer consumer questions. In-person communication with your employees and consumers will show attention to detail, determination, and open interpretation for growth. Also, the addition of bonuses and money-rewarding programs enhance employee happiness, ultimately giving them a reason to work harder and produce bigger productivity numbers. I think this is a critical point because these factors will prove to be highly successful and a competitive advantage within the market.
1. Explain why this is a critical learning point.
2. Basis of decision.
3. Career Application.
E) The company needs to learn how to manage their employees. I think this is a critical point because investing money in HR, programs, and other training will improve employees' skills and their knowledge about the company. Also, with HR helping them, it provides a secure trust for the employees which allows them to stay long-term.
1. Explain why this is a critical learning point.
2. Basis of decision.
3. Career Application.
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