Great Deal! Get Instant $25 FREE in Account on First Order + 10% Cashback on Every Order Order Now

Use the guideline below to analyze the articles in each session. Be thorough and expound on each section area. Use APA headings to separate your sections. Short Summary Provide a short summary of the...

1 answer below »

Use the guideline below to analyze the articles in each session. Be thorough and expound on
each section area. Use APA headings to separate your sections.


Short Summary Provide a short summary of the article. What are the main
components and subject matter?


Key Variables What are the key variables in the study or article? How are they
associated? What is the relationship of the variables to the application
in HR?


Strengths Identify the strengths of the article. Why are they strengths in the
study and how do these strengths add value to the field of HR?
Weaknesses Identify the weaknesses of the article. Why are they weaknesses in the
study and how do these weaknesses affect the outcomes to the field of
HR?
Application of the concepts
Based on the results in the article, how are they applicable to the field
of HR? What are the main points that can be used to add value?
Recommendations Provide any recommendations for the application of the findings to the
field of HR. In what type of situations would they be beneficial to the
improvement of HR?

Answered Same DayNov 28, 2019Swinburne University of Technology

Solution

David answered on Dec 27 2019
58 Votes
Strategic Fit between Organisation Strategy, HRM Strategy and Compensation Strategy
Summary
With changing times, business needs to change their ways of functioning. “It is right stated that the ability to outperform competitors and produce above average profits lies in the pursuit and execution of an appropriate business strategy” (Yoo, Lemak & Choi, 2006). But the roots of an organisation should never change. What it should change is the alignment of its activities. The organisation needs to see that its strategies are aligned to its goals. In order to see that all this is done smoothly, the HR department has to play a vital role. This is because the employees are the ones who implement the strategies and the HR DEPARTMENT is the one who takes care of the employees in the organisation. This paper takes into account the Porters generic model of organisation strategy as a base. It tries to maneuver away from a literature review, towards mapping key ideas as well as relationships, in order to develop a reward system which is ideally suitable to human resource strategy along with the competitive strategy. The article starts with Porter’s generic strategies of business for competitive advantage namely, differentiation, overall cost leadership, and focus. Depending upon the individual nature of each of the competitive strategy, the article tries to
ing about co
esponding human resource strategies namely contribution-oriented, innovation oriented and commitment-oriented. It finally
ings about and develops appropriate reward options namely output reward, human capital reward and position reward. The...
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here