By Michael Armstrong, Stephen Taylor
From an the world over revered specialist on administration subject matters comes this totally revised 10th anniversary variation of his vintage textbook.
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Extra info for A Handbook of Human Resource Management Practice
3. Responses affecting people The responses to the increased use of technology and to economic and competitive pressures have changed the nature of people management in a number of ways. These include slimmer and flatter organization structures in which cross-functional operations and teamworking have become more important, more flexible working patterns, total quality and lean production initiatives, and the decentralization and devolvement of decision-making. The challenge to HRM Ulrich (1998) suggests that environmental and contextual changes present a number of competitive challenges to organizations that mean that HR has to be involved in helping to build new capabilities.
In 1995 Legge noted that HRM policies are adapted to drive business values and are modified in the light of changing business objectives and conditions. She describes this process as ‘thinking pragmatism’ and suggests that evidence indicates more support for the hard versions of HRM than the soft version. RESERVATIONS ABOUT HRM For some time HRM was a controversial topic, especially in academic circles. The main reservations have been that HRM promises more than it delivers and that its morality is suspect.
Change, change and more change – the greatest challenge companies face is adjusting to – indeed, embracing – non-stop change. They must be able to ‘learn rapidly and continuously, and take on new strategic imperatives faster and more comfortably’. 2 Human capital management Human capital management (HCM) has been described as ‘a paradigm shift’ from the traditional approach to human resource management (Kearns, 2005b) – a large claim. It is considered in this chapter initially by defining the concept of human capital management and its relationship to the concept of human resource management.
A Handbook of Human Resource Management Practice by Michael Armstrong, Stephen Taylor