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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
Acquisition
Answer
Human resource management (HRM) strategies play a crucial role in enhancing employee acquisition processes. Effective recruitment strategies such as targeted advertising, optimizing job descriptions, and utilizing social media can attract the right talent. Additionally, implementing a structured interview process and leveraging psychometric testing can help evaluate candidates effectively. Building a strong employer brand also aids in attracting high-quality applicants, as candidates are more likely to apply to organizations that are perceived positively.
Step 2
Maintenance
Answer
Maintaining employees is equally important for organizational success. HRM strategies such as providing ongoing training and development opportunities help employees grow and feel valued, which can increase job satisfaction and reduce turnover. Furthermore, implementing performance management systems that include regular feedback and recognition enhances employee engagement. Supporting work-life balance through flexible working arrangements and adequate compensation packages are also key strategies that contribute to employee retention.