Study of HR Models

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Executive Summary One significant issue in the industry is motivating its workforce to continuously keep pace with the ever growing technology in this field and allowing them to gain competitive edge in their business (Intelligent Spas, 2011). Motivating the 21ST century workforce for the new global economy falls into the responsibility of Human Resource Department. At present, there are three fundamental HR models, namely, (1) universalistic, (2) contingency and (3) configurational methods. Of late, the later two strategies have been renamed as (1) best practice and (2) best fit, correspondingly. This paper discusses the later two HR models as researchers believe that these models propose the solution for motivating the workforce for the new global economy. Description of the Industry Intelligent Spas (2011) have recently published their annual regional report citing significant growth and development in their industry. The summarise their findings as, "There are over 3,500 spas currently operating in the Asia Pacific region. These spas collectively generate approximately US$2 billion in revenue per annum. The Asia Pacific spa industry employs over 50,000 people. Over 60% of countries are considered emerging or potential spa markets suggesting there are plenty of development and business opportunities across the region." Significant Issues in the Industry One significant issue in the industry is motivating its workforce to continously keep pace with the ever
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