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HRM Activities that can Enhance Competitive Advantage

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Information about HRM Activities that can Enhance Competitive Advantage
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Published on November 23, 2010

Author: fayyazabid

Source: authorstream.com

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Slide 1: HRM ACTIVITY THAT CAN ENHANCE AND SUSTAIN COMPETITIVE ADVANTAGE. Slide 2: Employment Security A guarantee of employment stating that no employee will be laid off . Provide a signal to employees a long-term commitment by the organization to the workforce. Slide 3: Selectivity in Recruiting Carefully selecting the right employee in the right way. On average, a highly qualified employee produces twice as much as a poorly qualified one. High Wages : High Wages Wages that are higher than that require by the market (i.e. higher than that paid by competitors). High wages tend to attract better qualified applicants, make turnover less likely, and send a message that the firm values its employees. Incentive Pay : Incentive Pay Allowing employee who are responsible for enhanced levels of performance and profitability to share in the benefits. Employees consider such a practice fair and just. Information Sharing : Information Sharing Providing employees with information about operation, productivity, and profitability. Participation and Empowerment : Participation and Empowerment Encouraging the decentralization of decision making and broad worker participation and empowerment in controlling the work process.

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