Low-cost businesses may attempt to minimize staffing expense

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Reference no: EM132135005

Pick a news story that is an example or an empassises on Human Resources as Low-cost businesses may attempt to minimize staffing expenses, training & development, and even salaries.

Problem is it is often necessary to pay “market wages” for quality people, so HR strategies may differ little if any between low-cost and differentiated businesses.When employees are viewed as expenses, organizations tend to minimize their costs. When they are viewed as investments, organizations tend to maximize their value.Human capital is the sum of the capabilities of individuals in an organization, and is a source of competitive advantage. According to the knowledge management perspective, people and their skills and abilities represent the only resource that cannot readily be reproduced by a firm’s competitors.

News story must be from a credible source within the last 4 years with appropriate citation.

Responses which are purely opinion and anecdotal are not considered to be substantive in nature.

Two external sources to support information required In addition to the news story from a credible source.

Original news story from an external source plus two additional external sources required.

500 words

Reference no: EM132135005

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