The effective management of human resources in a firm to gain a competitive advantage in the marketplace requires
A) timely and accurate information on current employees
B) a vice president representing the HR function
C) the use of decision support systems (DSS)
D) outsourcing of transaction HR activities

Question

Quizplus · Accepted Answer

Timely and accurate information on current employees is crucial in managing human resources effectively for gaining a competitive advantage. It can help in identifying skill gaps, managing employee performance, and making informed decisions regarding employee retention and development. The other options may be helpful but are not as essential as having timely and accurate information on current employees.

The Effective Management of Human Resources in a Firm to Gain