Asked by Jillean Longwell on Sep 23, 2024
Verified
ABC Company has a strategy of being a low-cost provider of services and thus pays its employees a low wage rate. Which of the following is an example of an HR practice that would be in alignment with this strategy?
A) a heavy investment in training
B) recruitment at top educational institutions
C) complex compensation plans such as profit sharing and stock options
D) career planning sessions with employees
E) ongoing recruitment activities
Low-Cost Provider
A business strategy focusing on offering goods or services at the lowest possible price to gain competitive advantage.
HR Practice
Human Resource practices involve the strategies, policies, and methods implemented by an organization to manage its workforce effectively.
Compensation Plans
Schemes or strategies for rewarding employees financially based on their performance, position, or tenure.
- Understand the alignment between human resources practices and business strategy.
Verified Answer
Learning Objectives
- Understand the alignment between human resources practices and business strategy.
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