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Strategic Workforce Measures - Essay Example

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Human capital refers to the abilities and skills that individuals have attained through learning and training and can be used to enhance the potential income earning. A company’s success greatly depends on how well its human capital are managed (Beatty, Becker, & Huselid,…
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Strategic Workforce Measures
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Strategic Workforce Measures

Download file to see previous pages... Differentiating workforce strategy refers to the company’s management investing disproportionally in a few or a group of employees depending on their strategic contribution to the company’s outcome. For instance Memorata is a shoe company that deals with manufacturing and distributing ladies footwear. In order for this company to be successful, the human resource professionals should identify the employees that place the company at a competitive advantage (Beatty, Becker, & Huselid, 2005). They should identify the team that produces the best shoes that are favored in the market. The human resource professionals should then guide the managers into investing more in this employees so as to be at an advantaged position over their competitors (Becker, Huselid , & Beatty, 2009).
Differentiating the workforce has been found to be crucial as it helps to identify the best employees that will drive the company towards achieving their set strategic goals. This entails allocating more resources on these employees for the good of the company (Beatty, Becker, & Huselid, 2005). Memorata deals with both flat and heeled shoe wear. However based on the sales reports, flat shoes are preferred to their counterpart in the market. This is because they are cheaper and are affordable. More resources should therefore be geared towards this line of production as it puts them at a better position to compete favorably with the other companies dealing with ladies shoes.
The Human resource professionals at Memorata should not forget to invest in the supporting employees. For instance it is not only the sales persons that are making the sale of flat shoes successful. Those behind the production of those shoes are contributing to its success as well. Therefore the HR professionals should put in mind that the supporting elements of those individuals who are considered crucial should not be left out (Becker, Huselid , & Beatty, 2009). ...Download file to see next pagesRead More
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