Business Studies
Research Paper: Effective Resource Allocation
According to (Budhwar & Sparrow, 2002) they indicate that there are four strategies that are part of HRM and they should be used as the situation arises. The foremost strategy that they propose is that of talent acquisition, where the company focuses on attracting the best talent from external sources which is generally done in the initial stages. The next strategy that has been proposed is that of effective resource allocation where the HR focuses on retaining the talent that has been acquired and not inducting any more people.