European Journal of Economics, Finance and Administrative Sciences ISSN 1450-2275 Issue 29 (2011) © EuroJournals, Inc. 2011 http://www.eurojournals.com
Current Trends and Future Directions of Human Resource Management Practices: A Review of Literature
Ogunyomi, O. Paul Department of Industrial Relations & Personnel Management University of Lagos, Nigeria E-mail: yomipaul@mail.com Shadare, A. Oluseyi Department of Industrial Relations and Personnel Management University of Lagos, Nigeria E-mail: seyidare2001@yahoo.co.uk Chidi, O. Christopher Department of Industrial Relations & Personnel Management University of Lagos, Nigeria E-mail: krischidi2002@yahoo.com Abstract The management of people at work has evolved over a long period of
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HRM emerged in the early 1980s as a response of US to the economic success of Japan (Jones, 1996). Blyton and Turnball (1992) distinguish two approaches to HRM; namely ‘Harvard Model’ which has great influence on academics and ‘Michigan School’. Harvard model emphasises the need for line managers to accept more responsibilities for ensuring the matching of competitive strategy and personnel policies and to develop policies that encourage the development and implementation personnel activities which make them interwoven. Michigan school on the other hand suggests that HR systems and organisation structure should be managed in such a way that makes possible the alignment with organisational strategy. This paper set out to review relevant literature on human resource management practices, as well as the periodised history of human resource management with a view to identifying current trends and future directions of human resource management.
2.0. Review of Relevant Literature
According to Beach (1975) as cited in Fajana (2002), industrial revolution of the early 1800s made the management of people at work a complex and challenging field of endeavour. Managing people at work has evolved through the following labels. • Labour Administration • Labour and Staff Administration • Personnel Administration • Personnel Management • Human Resource
Today 's fast-paced, competitive business environment has resulted in "rediscovery" of the human resource management function as a group that may be able to enhance firm competitiveness and performance by being "strategic" (Dyer & Kochan, 1995; Ulrich, 1997). Strategic Human Resource Management is a term describing an integrated approach to the development of Human Resource Strategy that will enable the organization to achieve its goals (Armstrong, 2005). Whiles strategy is an action that managers take to attain one or more of the organization’s goals. Strategy presents a general direction set for the company and its various components to achieve a desired state in the future. This results from the detailed
2. Leatherbarrow, C., Fletcher, J. & Currie, D. (2010) Introduction to Human Resource Management. 2nd Edition. London: CIPD
3. Sims, R. R. (2007). Human Resource Management: Contemporary Issues, Challenges, and Opportunities (PB). IAP.
Gunnigle, P., Kelly, J. and Morley, M. (2002). Human resource management, employee relations and the labour market. Bradford, England: Emerald Group Pub.
Introduction: Each organization has their unique way to perform various function of human resource management such as Selecting, recruiting, on boarding, training, retaining, performance management etc. For the purpose of company analysis project following topic has been selected to describe best practice and my own experience with organization.
M. Marchington & A. Wilkinson, 2008, Human Resource Management at Work 4th Edition, London, CIPD
This has highlighted a crucial issue for international companies to be aware of the cross-cultural implications in the conception, design and implementation of the various market entry strategies for the Chinese markets, especially when considering the Human Resources Management strategies since Corporate Strategy will in turn determine the Human Resource (HR) strategy to be deployed.
Cascio, W. F. (2006). Managing Human Resources: Productivity, Quality of Work Life, Profits. (7th Ed.). New York. McGraw-Hill.
The rapid pace of Globalization has led to a change in the global economy during the past several decades; it is believe that factors such as trade liberalisation, access to cheaper labour and resources, similarity of consumer demand around the world, and advances in technology and communication has widened the market of consumption, investment as well as production on a global scale. These globalization driven factors created new challenges and global competition for businesses around the world thus as a response many companies decided to expand their operation across national borders in order to be competitive. A company that operates their business in at least one country other than its country is called Multinational
This assignment is a portfolio, based on three current topics in Human Resource Management. The common theme of all the media articles I reviewed is the recognition of people as an asset by the organisations to achieve their strategic goals and objectives. It is observed that organisations are directing their efforts to recruit, retain and develop this asset.
In this chapter, we discussed the various elements of human resources management. Also the review of some existing literature relevant to the study, is made to refer to some scholars work related to the topic under study.
3. Mick Marchington & Adrian Wilkinson Human Resource Mangement at Work, People Management & Development, Third Edition, Chartered Institute of Personnel & Development, London, 2005.
In this changing world, our global business theories and literature have implications toward the future. The future of this growth and success depends largely on the key component which is Human Resource Management. So, we as researchers hope to enlighten and inform you as employers the significance of an effective solution that both understands your employees and is beneficial to your company. That is why we offer our recommendations in the end of this article based on our findings.
The sudden boom in the resource sector worldwide due to energy demands from mature and emerging industrialized nations has led to numerous issues. From a Human Resource Management perspective, this quick expansion of the resource sector has led to labour shortage with both skilled and professional work force. The need for effectively managing labour poses a number of challenges to Human Resource Management.
Globalisation, as an integrated and independent world economy, has contributed to the rapid expansion of international trade and world’s economic growth (Paik & Vance, 2006; Mutsuddi, 2012). The increase presence of global firms is shifting domestic HR towards global HR in addition to carry out a wider span of HR responsibilities (Losey, Meisinger & Ulrich, 2005; Rao, 2010; Jie, 2011; Mutsuddi, 2012). The generation of cross-border labour market also had brought human resource management into an international context (Mutsuddi, 2012).