Compare and Contrast the HRM Practices of a Company Using

question 20

Essay

Compare and contrast the HRM practices of a company using a low-cost provider strategy with one using a differentiation strategy.

---

Definitions:

Human Resource Planning Process

A strategic approach undertaken by HR management to ensure the right number of people with the right skills are available at the right time in the organization.

Levels Of Human Resource Planning

Levels of human resource planning refer to the stratification of HR planning processes, from strategic to operational, ensuring the right number of people with the right skills are in place.

Projected Human Resource Needs

Forecasts of an organization's future requirements for staff, skills, and positions to meet its objectives.

Internal Sources

Refers to the methods and resources within an organization that can be utilized for information gathering, problem solving, or fulfilling business needs.