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Analyse how human resource management strategies can improve the process of employee acquisition and maintenance. - HSC - SSCE Business Studies - Question 27 - 2021 - Paper 1
Question 27
Analyse how human resource management strategies can improve the process of employee acquisition and maintenance.
Worked Solution & Example Answer:Analyse how human resource management strategies can improve the process of employee acquisition and maintenance. - HSC - SSCE Business Studies - Question 27 - 2021 - Paper 1
Step 1
Processes of human resource management
Answer
Human resource management processes are vital for both employee acquisition and maintenance. Effective strategies can enhance the recruitment process by employing targeted selection methods that align with organizational goals. For instance, utilizing data-driven techniques can help identify the most suitable candidates who will fit the company culture and contribute to long-term stability. Additionally, maintaining effective employee relations helps reduce turnover and ensures that employees feel valued.
Step 2
Acquisition
Answer
Acquisition strategies include establishing clear job specifications and utilizing various recruitment methods such as online platforms and networking. This ensures that potential candidates not only possess the required skills but also resonate with the organization's values. Moreover, ongoing training and development opportunities attract candidates who are eager to grow within the company, thus improving acquisition rates.
Step 3
Maintenance
Answer
Employee maintenance strategies focus on retention through practices such as competitive compensation, recognition programs, and fostering a supportive work environment. By implementing regular feedback mechanisms and career development plans, organizations can observe employee satisfaction and address concerns proactively. Furthermore, conflict resolution strategies, such as mediation, play a critical role in maintaining workplace harmony, ultimately contributing to higher retention rates.