How does strategic staffing differ from traditional staffing?
What will be an ideal response?
Strategic staffing is the process of staffing an organization in future-oriented and goal-directed ways that support the organization's business strategy and enhance organizational effectiveness. The focus of strategic staffing is the integration of staffing practices with business strategy and with the other areas of human resource management to enhance organizational performance. Traditional staffing tends to focus on quickly and conveniently filling an opening rather than on aligning the staffing effort with the long-term strategic needs of the organization. By contrast, strategic staffing entails both short- and long-term planning. The process involves acquiring, deploying, and retaining the right number of employees with the appropriate talents to effectively execute this strategy. When done strategically, staffing can enable a company to acquire a sustainable competitive advantage that allows it to successfully fulfill its mission and reach its goals.
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A) an automated banking machine. B) the virtual bank. C) an automated teller machine. D) a smart card.
Investors prefer $1 today versus $1 in the future due to
A) time value of money. B) response to incentives. C) the need for immediate gratification. D) A and B.