Reference no: EM132928420

The Biggest, most valuable asset of any company is its People, as all management plans for success enhancement are carried out by people. In this competitive era, every organization is achieving competitive advantage by improving technology, adopting various strategies like - cost leadership, quality enhancement, cost reduction, etc. But these can enhance the firm operating performance only up to a point. To move beyond that point, firm has to focus on the most important resource, i.e., human resource. A firm can have competitive advantage - if it is implementing a value creating strategy that is not being implemented by its competitors and the same is not duplicated by competitors to gain benefits of the strategy.

A). Give detailed explanation of one Human Resource Management model that can be implemented to achieve competitive advantage for an organisation.

B). Give a detailed explanation of the elements of a sound human resource management program?

C). Explain three challenges that HR managers may be facing in today's dynamic business environment and explain how these challenges can be managed.

D). Explain fully what kind of action decisions are available to an organization when there is a surplus of labor or a shortage of labor?

E). i. What is a HRIS? How can an organization use HRIS to increase their efficiency within the HR department? How can organisations use HRIS to decrease the cost within the HR department?