The effective management of human resources in a firm to gain a competitive advantage in the market place requires:

Question

Quizplus · Accepted Answer

Timely and accurate information on current employees is crucial for effective management of human resources. This information will help managers make informed decisions about employee performance, skills, and potential, which in turn can lead to the development of strategies that will lead to a competitive advantage in the market. The other options, such as having a vice-president representing the HR function, using Decision Support systems (DSS), or outsourcing transactional HR activities, may also be helpful, but they are not as important as having timely and accurate information about employees.

The Effective Management of Human Resources in a Firm to Gain