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(Solution) Human Resource Management- PDF

   

Added on  2021-04-21

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Running head: HUMAN RESOURCE MANAGEMENTHuman Resource ManagementName of the University:Name of the Student:Author Note:

1HUMAN RESOURCE MANAGEMENTAnswer 1There are various advantages of setting up a career planning program, which willbenefit the Al Nawaf Company. The advantages of the program are being discussed asfollows;Career planning is highly necessary as it helps in attracting and retaining competentand skilled individuals into the organization. This in turn, provides the employeeswith suitable opportunities of promotion. Moreover, this enables the employees todevelop them-selves to meet the future challenges.In addition to this, career planning increases the utilization of the managerial reserveswithin the organization. It provides the employees with correct placements. Moreover,it also reduces employee turnover and dissatisfaction and improves employee moraleas well as motivation (Cascio, 2018). Career planning will prove to be highly beneficial for the Al Nawaf Company as itwill analyze the individuals’ skills, abilities, knowledge, aptitudes and more. Theoverall procedure of career planning enables the individuals to gain knowledgeregarding various career opportunities, priorities and more. Gaining knowledge helps the individual to select the career which is suitable forhis/her life styles, family environment, preferences, scopes for self development andmore. In addition to this, it will also help the Al Nawaf Company to identify theemployees who can be promoted to the higher positions (Parkay, Anctil & Hass,2014). Up-gradation, internal promotions as well as transfers will motivate the employees toboost up their morale. This in turn, will result into increased satisfaction in job.Moreover, increased job satisfaction will enhance the employees’ commitment and

2HUMAN RESOURCE MANAGEMENTcreate a sense of belongingness as well as loyalty within the organization (Rothwell etal., 2015). Answer 2Businesses and organizations constantly seek competitive advantages at themarketplace. However, there are various ways by which it is done and majority of thebusinessmen focus on the tried and actual methods of gaining a competitive advantage withinthe business environment. The methods, which the Al Nawaf Company can utilize, aregenerally classified into four primary categories, which are discussed as follows;Cost LeadershipThe first and foremost competitive advantage of any business is the cost leadership.Businesses often attempt to gain the cost leadership as it occurs when the organization is ableto offer same quality product as that of its competitors, however, at low costs. It occurs whenthe company finds a way to produce the goods at lesser costs through perfection or utilizationof resource in much effective as well as efficient way than their competitors (Caffarella &Daffron, 2013). DifferentiationThis is the second strategy which various organizations often utilize in order to settheir business apart from their competitors. In the differentiation strategy, lesser cost of theproducts is the only possible factor, which can set the business apart from its competitors.The Al Nawaf Company can adopt this differentiation strategy in order to differentiate itscompany from others (Parkay, Anctil & Hass, 2014).Defensive Strategies

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