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Managing People For A Competitive Advantage - Essay Example

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This essay describes the strategies that are established to managing people for a competitive advantage. The researcher also discusses the topic of workforce diversity and a competitive advantage, that is implemented to maximize the economic benefits of the company…
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Managing People For A Competitive Advantage
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?Client’s 12 July Horses for s refers to recruiting the right people for the right job, not every person can do every job and even the most astute of all managers sometimes recruit people who fail to deliver, it is extremely important to recruit the right people only then can an organization grow and achieve great things. This paper will shed light upon recruitment and how recruit affects workforce directly, several real life examples will be used in this paper to prove certain very important points. Recruitment and workforce are very closely connected, workforce diversity is one very good thing, when employees who come from different backgrounds are selected, the organization prospers and this is how they become diverse but when there is no diversity, the organization has little or no options whatsoever. Recruiting people from diverse backgrounds gives an organization an edge over other organizations and this also makes the difficult task of managing the workforce much easier than others think it is. Workforce management refers to having a productive workforce in place and keeping them motivated at all times, this is quite an arduous task and only the best managers can do this, it becomes easier when the right employees are recruited by the HR. Another term which is of importance is workforce optimization which again depends on recruitment, only those employees can be motivated who can concentrate and who understand the gravity of the situation, fickle minded employees and non-serious employees can never be motivated and they can never deliver results, workforce can be optimized when the right people are recruited for the job, this is how recruitment and managing a workforce effectively are closely connected. Companies aim at retaining their employees after recruitment so as to form a core and they also ensure that this core always works in unison, this is again dependent on recruitment, a company would not want to retain employees who are incapable of matching the requirements of the company and as a result of which it will also take a toll on the workforce development. Workforce Diversity and a Competitive Advantage Workforce diversity is implemented to maximize the economic benefits which usually exceed the implementation cost. Every company aims at getting more than their implementation cost and diversity is a very powerful tool which ensures the same when implemented by an organization, this is the only reason why more and more organizations are implementing workforce diversity in their organization. More and more organizations are investing huge amounts of money in workforce diversity in order to keep pace with the customer requirements and customer satisfaction. Workforce diversity often plays an instrumental role in satisfying the needs of a customer. Diversity also provides good social value to an organization and this is another reason why it is implemented. Diversity workforce is pivotal in the success of a company when considered from a perspective of long run; it generates constant cash flow which in turn satisfies the shareholders of a company. This whole process is extremely important for any organization looking to expand or for that matter looking to sustain its growth. Workforce diversity has also become a legal requirement these days, companies have to stick to a policy of non discrimination and recruiting people from diverse backgrounds also satisfies the legal requirements of an organization. Diversity focuses upon the maximum utilization of the resources, the labor market has changed completely these days, it is no longer dominated by the whites, the talent available is huge and if discrimination takes place in an organization it would lead to devastation so implementation of diversity also satisfies a company’s resource requirements. By recruiting people from diverse backgrounds an organization makes sure that no discrimination takes place and the organization utilizes the resources at hand to the maximum extent possible. It is extremely important as a marketing tool also, only diverse individuals can satisfy the needs of diverse customers and there are no two ways about this so considering this, it becomes inevitable for an organization to recruit train and develop diverse individuals who can take the organization to places. Diversity begins right from recruitment; leaders have to look out for the most diverse individuals who can really make a difference by being a part of the organization and work towards the betterment of the same, next is the promotion of those diverse people. The leaders have to make sure that those diverse people should not take a back seat upon joining the organization; the leaders should make sure that the diverse individuals are given enough chances to showcase their talent. The last step is to retain the diverse individuals because it is very important to hold on to the diverse individuals because they really can a make a difference and no company can afford to let go of these talented people. Even the people who recruit should belong to diverse backgrounds to pick the most efficient and diverse individuals. Retaining employees can sometimes be a difficult task for organizations because each day new businesses come up and new offers are made to the diverse people and holding on to these diverse people becomes a challenge. To retain these employees, a company must first of all provide a friendly environment to work in, because the work environment often plays a key role and acts as a deciding factor as to whether an individual changes hi/her job or not. So it becomes very important for a company to provide its employees with a good environment to work in. The next is to promote these employees, promotion will give a good and much needed boost to these employees and this will also make sure that the employee has a good image of the company in his/her mind. The last step of retaining includes monetary benefits wherever possible, for instance reimbursement of any expenditure made by the employee on an official trip. All these needs have to be realized by an organization if they are to retain the most diverse employees. “Buying power, particularly in today’s global economy, is represented by people from all walks of life (ethnicities, races, ages, abilities, genders, sexual orientations, etc.) To ensure that their products and services are designed to appeal to this diverse customer base, “smart” companies, are hiring people, from those walks of life - for their specialized insights and knowledge. Similarly, companies who interact directly with the public are finding increasingly important to have the makeup of their workforces reflect the makeup of their customer base.” (Work Force Diversity) Conclusion The paper threw light upon several important concepts like recruitment, managing workforce effectively, managing a diverse workforce and its several advantages. Everything starts from recruitment; this important point has been highlighted throughout the paper, organizations these days are keen on cutting the dead wood out but all those organizations hardly realize that keeping those employees for all these years has hardly done any good to them, when employees start becoming a liability to an organization, the profits automatically come down. The paper also shed light upon the importance of a diverse workforce, employees who are recruited should be recruited by managers who themselves are from diverse backgrounds and this should go on for several years until the organization reaps healthy rewards generated by this healthy practice. To conclude it is very fair to say that recruitment is arguably the most important step, the next important step is to manage a diverse workforce and to optimize the workforce to ensure that the organization attains all its set targets. Works Cited Work Force Diversity. Diversity World. n.p., Web. 12 July. 2011. 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