Suppose you are an experienced Human Resource Manager working in a XYZ company for more than 10 years. The company used to give insurance to the clients, and now they have started giving career counseling to passing out graduates as well. The organization hire outsides candidate with the help of organizations who charge for their services as per the time duration spent. Furthermore, XYZ has its own farm house, which it uses as a training spot for employees. However, XYZ Company is very keen in improving their HR practices. It always looks at ABC Company as an ideal to improve its operation. Which corporate strategy XYZ is using? Justify your answer logically  Which outside source of hiring candidate method XYZ is using? Justify your answer logically  Which on job training method XYZ is using? Justify your answer rationally ABC company HR practices are ideal for XYZ what this concept is technically called? Explain the concept with example

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Suppose you are an experienced Human Resource Manager working in a XYZ company for more than 10 years. The company used to give insurance to the clients, and now they have started giving career counseling to passing out graduates as well. The organization hire outsides candidate with the help of organizations who charge for their services as per the time duration spent. Furthermore, XYZ has its own farm house, which it uses as a training spot for employees. However, XYZ Company is very keen in improving their HR practices. It always looks at ABC Company as an ideal to improve its operation.

  1. Which corporate strategy XYZ is using? Justify your answer logically 
  2. Which outside source of hiring candidate method XYZ is using? Justify your answer logically 
  3. Which on job training method XYZ is using? Justify your answer rationally
  4. ABC company HR practices are ideal for XYZ what this concept is technically called? Explain the concept with example 
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