WGU C202 Managing Human Capital Study Guide ,C202
Managing Human Capital Study Guide, (100% Verified
Answers by Expert) 2023/2024
Chapter 1: Strategic Human Resource Management
Learning Objectives:
• A company has a competitive advantage when it does something
differently from its competition that allows it to outperform them
and succeed in its industry. Competitive advantages can come
from factors, including better technology, more innovative
products or services, better locations, lower costs, or outstanding
customer service. These advantages just don’t happen by
themselves. It is always the organization’s employees who create,
implement, or sustain a competitive advantage.
1. Describe the primary Human Resource Management
(HRM) functions.
Human resource management or HRM is the organizational
function responsible for attracting, hiring, developing, rewarding,
and retaining talent. In order to do this effectively, HR must have
a strategy. Effectively managing employees is critical to
organizational success, and doing so is HR’s responsibility.
Broadly speaking, HRM is responsible for two areas:
• people-related issues
• employment-related legal compliance
Since employee costs generally average close to half of an
organization’s operating budget, it is essential to properly manage
the investments a company makes in its people. No organization
will maximize its effectiveness without strategically leveraging
the right talent, while also maintaining legal compliance.
Influencing what employees should do. Influencing what
employees can do. Influencing what employees will do. In more
detail for;
1
Managing Human Capital Study Guide, (100% Verified
Answers by Expert) 2023/2024
Chapter 1: Strategic Human Resource Management
Learning Objectives:
• A company has a competitive advantage when it does something
differently from its competition that allows it to outperform them
and succeed in its industry. Competitive advantages can come
from factors, including better technology, more innovative
products or services, better locations, lower costs, or outstanding
customer service. These advantages just don’t happen by
themselves. It is always the organization’s employees who create,
implement, or sustain a competitive advantage.
1. Describe the primary Human Resource Management
(HRM) functions.
Human resource management or HRM is the organizational
function responsible for attracting, hiring, developing, rewarding,
and retaining talent. In order to do this effectively, HR must have
a strategy. Effectively managing employees is critical to
organizational success, and doing so is HR’s responsibility.
Broadly speaking, HRM is responsible for two areas:
• people-related issues
• employment-related legal compliance
Since employee costs generally average close to half of an
organization’s operating budget, it is essential to properly manage
the investments a company makes in its people. No organization
will maximize its effectiveness without strategically leveraging
the right talent, while also maintaining legal compliance.
Influencing what employees should do. Influencing what
employees can do. Influencing what employees will do. In more
detail for;
1
