Question

Explain with examples how human resources management can be instrumental in helping a company create a competitive advantage.

Answer 1

SOLUTION:-

Human resorce management plays as improtant role in achieving the strategic goal of organisation.

- The organizational goals are achieved by employees of the company who are recruited by the human resource department. It is therefore important for these employees to be effective, efficient and dedicated towards organizational goal. Thus the main responsibility lies with the hands of human resource management department.

- Once potential employees are recruited, they need formal training sometimes which are taken care by human resource management.

- The main aim of any business would be for higher growth and profit. This is possible only when the recruited employees are efficient enough to produce low cost output and provide a competitive advantage to the firm. The following chart shows the connection between productive employees and higher profits: