By Michael Armstrong, Stephen Taylor
Armstrong's instruction manual of Human source administration is the definitive HR advisor. It comprises HRM tactics and methods, organizational behaviour, worthwhile staff, functionality administration, worker relatives plus a lot more.
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Extra info for Armstrong's handbook of human resource management practice
Example text
It provides a justification for attaching importance to resourcing activities, especially those concerned with talent management. It can also be used to enhance the value of the HR contribution in achieving competitive advantage. But it has the following limitations: ●● it may be difficult to find resources that satisfy all the criteria; ●● external factors such as product market pressures are ignored; ●● it provides only generalized guidance on what resources are suitable; ●● different resource configurations can provide the same value for firms; ●● as Priem and Butler (2001) pointed out, the theory is tautological because valuable resources and competitive advantage are defined in the same terms.
This requires the design of strategies which exploit to maximum effect each firm’s unique characteristics. Resource-based SHRM can produce what Boxall and Purcell (2003) referred to as ‘human resource advantage’. The aim is to develop strategic cap ability. This means strategic fit between resources and opportunities, obtaining added value from the effective deployment of resources, and developing managers who can think and plan strategically in the sense that they understand the key strategic 19 issues and ensure that what they do enables the strategic goals of the business to be achieved.
Grade and pay structure design 70. Attitude surveys 1 PART I The practice of human resource management Pa r t I co n t e n t s 01 The concept of human resource management (HRM) 3 02 Strategic HRM 13 03 Delivering HRM 31 04 HRM and performance 49 05 International HRM 61 06 Human capital management 71 07 Knowledge management 81 08 Competency-based HRM 89 09 The ethical dimension of HRM 99 10 Corporate social responsibility 109 Introduction Human resource management (HRM) is a comprehensive and coherent approach to the employment and development of people.