Author Question: How do human resources influence a firm's performance? How does strategic HR planning benefit a ... (Read 91 times)

Chloeellawright

  • Hero Member
  • *****
  • Posts: 588
How do human resources influence a firm's performance? How does strategic HR planning benefit a firm?
 
  What will be an ideal response?

Question 2

What strategic choices does a company have regarding issues such as staffing and performance appraisals? How does the concept of fit relate to decisions made about such HR strategies?
 
  What will be an ideal response?



medine

  • Sr. Member
  • ****
  • Posts: 344
Answer to Question 1

Answer: Companies compete for human resources, and those that are capable of attracting, retaining, and motivating good employees are more likely to achieve and sustain a competitive advantage. Strategic HR planning helps a company be proactive. It permits explicit communication of company goals. It stimulates critical thinking and examination of corporate assumptions. It identifies gaps between the current situation and the future vision of the company, and it encourages line management participation in HR functions. It enhances the identification of HR constraints and opportunities, and it helps create common bonds across the organization.

Answer to Question 2

Answer: Summary of suggested answer -
 Staffing - internal vs. external recruitment, empowerment vs. centralization of decision making, informal vs. formal employee socialization.
 Performance appraisal - standard or customized, development tool or control mechanism.

An HR strategy's effect on firm performance is always dependent on how well it fits with other factors. This fact leads to a simple yet powerful prediction for HR strategies that has been widely supported by research: Fit leads to better performance, and lack of fit creates inconsistencies that reduce performance. Fit refers to the compatibility between HR strategies and other important aspects of the organization.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

For a complete list of videos, visit our video library