Asked by Keyana Yeoman on Sep 23, 2024
Verified
A firm has adopted a business strategy of increasing market share by offering the lowest cost services. Which of the following is NOT a recruiting and retention objective?
A) retain current talent as the firm grows
B) recruiting plans may call for preparation of lateral transfers
C) low cost strategy puts pressure on compensation and benefits, so need to be creative in our programs
D) continuously improve efficiency of recruitment practices
E) need to predict rate of growth and translate into needed increases in workforce
Low Cost Strategy
A competitive approach adopted by businesses focusing on maintaining the lowest operational costs to offer lower prices than competitors.
Recruiting Objective
A defined goal or target that a company aims to achieve through its hiring processes, such as acquiring talents that fit specific job roles.
Lateral Transfers
The movement of an employee from one position to another of equal rank and pay within the same organization, often to gain diverse experiences.
- Understand the strategic elements involved in planning HR recruitment, encompassing necessary competencies and salary planning approaches.
Verified Answer
Learning Objectives
- Understand the strategic elements involved in planning HR recruitment, encompassing necessary competencies and salary planning approaches.
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