Category | Coursework | Subject | Business |
---|---|---|---|
University | University of Strathclyde | Module Title | HR916 and HR976 HRM in a Business Context |
In this sample we have discussed best practice and best fit approaches to HRM, which are summarized on the basis of a focused reading list. The best practice approach says that there are some universal HR strategies that are effective for all organizations, such as employee engagement, training & development, and performance-based rewards. However, the best fit approach requires that HR strategies should be tailored to the organization's specific context, industry, and business strategy.
To illustrate this theory with a practical example, we have chosen a well-known organization (either from the Fortune 500 list or from another reliable source). By analysing the HRM strategies of that organisation we have seen whether its approach matches best practice or best fit, and also discussed its pros & cons.
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