Sustained competitive advantage through inimitable hr practices
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➡️ Globalisation has paved the way to increased competition and has re-established the fact- “survival of the fittest”. Survival and sustainability emerge as key issues to ponder in a competitive environment. Firms are now concentrating in designing activities and practices that give them additional competitive advantage. Human Resource Management has emerged as one such area with the belief that management of people gives a cutting edge for establishing a competitive advantage for a firm.
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Adequate addressing of employee needs reduces attrition rate and hence dedicated and talented employees are retained, which become an asset for the firm.
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