A firm's human resource plans often correspond with competitive strategies.

Question

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Human resource plans are developed to support the achievement of organizational goals, including competitive strategies. A firm's human resource plans involve determining the types of employees needed, their required skills and knowledge, compensation and benefits, and other factors that impact hiring and retention efforts. These plans are aligned with the firm's strategic objectives, including competitive strategies, to ensure that the company has the necessary workforce to achieve its goals. Therefore, the statement is true.

A Firm's Human Resource Plans Often Correspond with Competitive Strategies