HUMAN RESOURCE MANAGEMENT PRACTICE - Fichier PDF

136 ❚ HRM processesTable 9.1Linking HR and competitive strategiesCompetitive StrategyHR StrategyResourcing HR Development RewardAchieve competitive Recruit and retain Develop strategic Provide financialadvantage through high quality people capability and provide incentives andinnovation with innovative skills encouragement and rewards andand a good track facilities for enhancing recognition forrecord in innovation. innovative skills and successfulenhancing the innovations.intellectual capital ofthe organization.Achieve competitive Use sophisticated Encourage the Link rewards toadvantage through selection procedures development of a quality performancequality to recruit people who learning organization, and the achievementare likely to deliver develop and of high standards ofquality and high implement knowledge customer service.levels of customer managementservice.processes, supporttotal quality andcustomer careinitiatives withfocused training.Achieve competitive Develop core/ Provide training Review all rewardadvantage through periphery designed to improve practices to ensurecost-leadership employment productivity; that they providestructures; recruit inaugurate just-in-time value for moneypeople who are likely training that is closely and do not lead toto add value; if linked to immediate unnecessaryunavoidable, plan and business needs and expenditure.manage downsizing can generatehumanelymeasurableimprovements incost-effectiveness.Achieve competitive Use sophisticated Develop Develop performanceadvantage by recruitment and organizational managementemploying people selection procedures learning processes; processes whichwho are better than based on a rigorous encourage self- enable both financialthose employed analysis of the managed learning and non-financialby competitors special capabilities through the use of rewards to be relatedrequired by the personal development to competence andorganization. plans as part of a skills; ensure thatperformancepay levels aremanagement process. competitive.