Compare and contrast the HRM practices of a company using a low-cost provider strategy with one using a differentiation strategy.

Low-cost providers provide a product or service at a price lower than that of its competitors while appealing to a broad range of customers.A major emphasis with this type of strategy is to reduce cost;therefore,contingent workers are recruited and paid minimal hourly wages.There is a high turnover of staff and minimal on-the-job training.There are minimal opportunities for career growth and advancement.Businesses using a differentiation strategy seek to differentiate their products in ways that will appeal to a broad range of buyers.More staff training may be required in businesses employing this type of strategy.There is more emphasis on product knowledge and customer service.There may be more opportunities for advancement in this type of business.