Senior Professional in Human Resources (SPHR) Certification Practice Exam

Which approach addresses how an organization should manage its workforce to remain competitive?

1. Talent acquisition strategy

2. Compensation strategy

3. Performance management strategy

4. Employee engagement strategy

The correct answer is: Talent acquisition strategy

The talent acquisition strategy is crucial for an organization seeking to manage its workforce effectively and maintain competitiveness in the market. This approach focuses on attracting, recruiting, and selecting individuals who not only possess the necessary skills and qualifications but also align with the organization's culture and values. By implementing a strong talent acquisition strategy, organizations can build a diverse and capable workforce that meets current and future business needs. In a rapidly changing business environment, having the right people in the right roles is fundamental to achieving strategic goals and responding to market demands. A well-defined talent acquisition strategy enables organizations to identify talent gaps, plan for future hiring, and implement methods to attract top candidates, all of which contribute to sustaining competitive advantage. While the other strategies—compensation, performance management, and employee engagement—are important components of workforce management, they primarily focus on specific elements of the employee lifecycle rather than addressing the overarching need to attract and secure talent that is crucial for competitive positioning.