Chapter 12, Problem 1RDQ

Summary Introduction

To determine:

The ways in which the competitive advantage can be achieved through proper human resource practice.

Introduction:

Human resource practices are defined as the system, practice and policy that influence the attitude, behavior and performance of the employee in an organization. Human resource management includes recruiting, hiring, induction, training, transfer, appraisal, remuneration of an employee in an organization. 

Answer to Problem 1RDQ

Human resource management practice can provide competitive advantage to the company as they can provide growth, innovation and optimize operation.

Explanation of Solution

Human resource management is a practice of hiring, training, transfer, appraisal, remuneration, compensation and providing other benefits to an employee in an organization. Competitive advantage can be achieved through proper human resource practice are as follows:

1. Growth: If an organization is planning to expand its business, then it will require human resource, therefore, human resource planning is necessary to ensure that the company has hired the right employee at the right time. Human resource planning requires forecasting human resource requirement and then hiring it.
2. Optimizing Operations: Whether the goal of the organization is to achieve quantity, quality, efficiency, productivity, ensuring that the right person is in the right place is crucial.
3. Innovation: Employees with ability, skill, and knowledge can be more innovative. Innovation can increase the profitability and productivity of the company. So it will provide a competitive edge to the company.