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On what is successful human resource management based?
ABuying materials at the lowest available price
BRunning the longest possible production runs
CKeeping a union out of every plant it opens
DAttracting, equipping, paying, and motivating staff
Answer & Solution
Correct answer: D. Attracting, equipping, paying, and motivating staff
1. Successful human resource management rests on a firm being able to attract and hire the best employees.
2. It then has to equip those employees with the knowledge and skills they need to excel.
3. It must also compensate them fairly and motivate them to perform at high levels.
4. Buying cheaply and running long production lines are operations goals, and avoiding unions is neither a goal nor a definition of good HR practice.
_Source: OpenStax Introduction to Business (CC BY 4.0), Ch 8 "Managing Human Resources and Labor Relations", section Introduction_
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