Abstract
This paper explores the strategic role of human resources management in achieving competitive advantage in a global economy. Human resource management remains indispensable in engendering competitive advantage for businesses in this era of tense global competition. Productivity and competitiveness of organisations is now dependent on their employees’ ability to generate, process, and apply knowledge. Scholars and practitioners of human resources management agree that a workforce that is properly trained and managed is a source of competitive advantage. The article recognised the fact that public organisations have not really given importance to human resource management and this is responsible for their underwhelming performance. The paper recommends some HR strategies that managers can adopt to improve the quality and value of their workforce, and these range from effective talent management, continuous workplace learning, safe and healthy work environment, ICT adoption, competitive benefit system, HR planning to proper deployment of skills and expertise.
Highlights
In the last few decades, the world has witnessed an unprecedented interdependence among the various economics of the world in a phenomenon called globalization
Organisations are recognizing that effective human resources management is indispensable in achieving competitive advantage
Based on the foregoing, this paper explores the qualities that make human resources a source of sustained competitive advantage and suggest strategies that public organisations should adopt to be competitive in the global economy
Summary
In the last few decades, the world has witnessed an unprecedented interdependence among the various economics of the world in a phenomenon called globalization. To ensure sustained competitive advantage through human resources in the public sector the following strategies are advocated: EFFECTIVE TALENT MANAGEMENT: Knowledge management focuses on identification of employees with intellects and expertise and how to channel it towards organizational effectiveness. TRAINING AND DEVELOPMENT: Globalization can potentially reduce the values of human resources in the public sector because of the high rate of technological and scientific innovations This can render skills and competence obsolete especially when the public sector do not move with the time by designing and organizing strategic learning programmes aimed at updating the skills and competence of their human resource. This implies that despite being obsolete in skills as a result of innovation, they possess the capability to acquire a new knowledge after undergoing a specific designed training programme This demonstrates for the umpteenth time the uniqueness of human resources in promoting competitive advantage. Any Organisation that wants to attract and retain the best talents must have a competitive reward system
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