What type of HR Audit helps maintain or improve a competitive advantage?
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| Papers (9) | Insight |
|---|---|
88 Citations | Through specialization, an audit firm achieves a comparative cost advantage over its competitors for all clients whose characteristics are closer to its area of specialization. |
| As much as, people are viewed among the most important resources to firms, HR strategy would be central to achieve competitive advantages .Firms should view HR strategy as an important tool for integrating competencies inside organization and for matching employment capabilities with organizational strategy, and investigate how various combinations of capabilities can lead to competitive advantage. | |
21 Citations | This is despite a great deal of scholarly research demonstrating that employees do not just contribute to competitive advantage; they can themselves be a direct source of competitive advantage.,This paper is valuable to HR practitioners, HR consultants, organizational development specialists and strategic planners. |
19 Citations | These results support regulators’ stance that quality control through human resources investment in audit firms can effectively improve audit quality and therefore the quality of clients’ financial reporting. |
61 Citations | Findings The main research findings revealed that HR practices had a significant effect on competitive advantage. |
8 Citations | A range of processes, tools and techniques are identified. Originality/value – The paper contains a completely new approach (the authors assert) to HR audit which is more rigorous and wide rang... |
| Finally, there is a relationship between human resource management practices and competitive advantage. | |
25 Citations | Application or use of human resource accounting, therefore, must also be followed by a separate HR audit to ascertain whether or not the performance of the managers has been true and fair in the overall interests of the organization they serve. |
8 Citations | It also aims to explain the new approach and introduce a range of tools to support it. Design/methodology/approach – The paper reviews traditional and existing common approaches, identifies the shortcomings of these, and proposes a new framework based on business contribution. Findings – Existing approaches to HR audit do not reflect the current aspirations and rhetoric on HR practices as promoted by Holbeche, and Ulrich et al. This emphasises the need for a new approach. Practical implications – The work proposes a new framework to assess HR activity against alignment and contribution to organisation strategy and goals, as well as the prevailing culture, thus forcing HR audit to move beyond legal compliance of HR practices. |
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What are some ways that companies can improve their strategic human resources management to gain competitive advantages?5 answersCompanies can improve their strategic human resources management to gain competitive advantages by focusing on the development and utilization of their human capital. This can be achieved by aligning human resources practices and policies with organizational strategy. It is important for companies to identify and develop the competencies of their employees that are in line with the core competencies of the organization. Additionally, companies should ensure that their human capital management is efficient, flexible, and proactive in order to adapt to the rapidly changing business environment and market trends. Recruiting the best employees through effective methods, such as employment agencies and universities, and maintaining a quality assurance system can also contribute to gaining a competitive advantage. By focusing on these strategies, companies can enhance their human resources management and ultimately achieve a competitive edge in the market.
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