Richer Sounds

3383 Words14 Pages
1. Discuss to What extent does Richers offer useful lessons for other organisations in terms of its approach to HRM and to what extent is their approach replicable?
2. Critically evaluate whether the Richer’s Way of managing people would be effective in the Barbados
Submitted on January 04, 2011 Word Count 2475
No. Z0923915
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Table of Contents
Page
1. 0 Introduction ………………………………………………… 2
2.0 Preview ……………………………………………………... 2
3.0 High commitment Management ……………………………..2
3.1 Resource Based Value ……………………………………… 5
4.0 Discussion …………………………………………………... 6
5.0 Conclusion …………………………………………………..11
6.0 Bibliography ………………………………………………...12
List of Figures
Figure 1: Some key areas considered in HCM modeling….……..4
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He further states that the complexity of company structure and size are also important, since large companies typically have formal HR policies as well as funds for implementation.
Rewards
According to Redman (2001) Strategic Reward Management is used to promote positive employee behaviors and centers on the alignment of the business strategy and core reward values, the reward structure and the reward process features. Monks K. et al (2006) states that what is important it is not the quantity of HR practices but how these practices reinforce and support the core company strategy and philosophy. According to Redman (2001) some
HR practices can add to employee work stress and exploitation.
Communication
According to Kaman V. et al (2001) by management encouraging open communication this shows trust and can motivate employees to provide competitive advantage; this notion is also supported by Redman (2010) who also states that employee involvement in decision making can contribute to increased affective commitment.
Network Relationships
According to Redman (2001) HR practices play a significant role in employee-employee (team work), and employee-customer relationships especially in service oriented or knowledge based companies.
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Recruitment, Retention & Training
Delaney et al (1996) showed that an important part of any organisation starts with the recruitment of the right
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