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Conclusion
Chapter 24 of Human Resource Management in a Business Context (3rd Edition 2007) by Alan Price - published by Cengage
Contents
Objectives
The purpose of this chapter is to:
- Evaluate whether or not HRM has been meaningfully implemented and, if so, to what extent
- Investigate the form it may take
- Determine the principal driving forces for the implementation of HRM
- Summarize evidence for its effectiveness
- Consider trends and future developments for the human resource function.
Sections
Summary
This chapter reviews the present state of HRM and its likely development in the near future. The adoption of human resource
management has been driven by a range of stakeholders with different interests and expectations. It has been interpreted
differently around the world but globalization has encouraged an increasing convergence. In recent years,
improvements in HR metrics have resulted in clear evidence for the effectiveness of HRM initiatives,
especially when they are delivered in strategic 'bundles'. HRM also
overlaps with other management approaches such as human capital management, talent management and knowledge
management and this trend is likely to continue. HR specialists are no longer able to focus solely on their
own local employment markets as global competition and outsourcing become dominant factors in the
allocation of human resources.
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Human Resource Management in a Business Context, 3rd edition
Human Resource Management in a Business Context provides an international focus on the theory and practice
of people management. A thorough and comprehensive overview of all the key aspects of HRM, including articles from HRM Guide and other sources,
key concepts, review questions and case studies for discussion and analysis.
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