$1.$ Managing human resources and diversity: Barcelona case study

Watch the following video, in which the chief operating officer $($COO$)$ of Barcelona Group, Scott Lawton, talks about how his company manages human resources. Then answer the questions below.

Transcript

When Scott says, $$Human resources is one of the most important things we do in our business,$$ what is he referring to$?$

Writing HR policies that assume all employees value the same aspects of employment

Managing employees as a source of competitive advantage

Saving money on compensation and benefits costs

Obeying employment laws such as the Fair Labor Standards Act and the Civil Rights Act of $1964$