Oxford Handbook of Human Resource Management

(eds.),Research in Personnel and Human Resource Management, Supplement 4 :Strategic Human Resources Management in the Twenty Fir ...

Hendry, C., Arthur, M., and Jones,A.( 1995 ).Strategy through People. London: Routledge. Hornsby, J., and Kuratko,D.( 2003 ). ‘H ...

( 1999 ). ‘The Search for ‘‘Best Practice’’ and ‘‘Best Fit:’’ Chimera or Cul De Sac?’ Human Resource Management Journal, 9 / 3 : ...

chapter 4 ...................................................................................................................... ...

workforce, once decisions relating to the existence of theWrm and the boundaries of theWrm have eVectively been taken. Tradition ...

The economics profession’s preference for methodological individualism^3 inhibits its contribution to the understanding of colle ...

productive elements of the employment relationship, it deXects attention from the most interesting aspect of employment—that emp ...

4.2 One-Sided Integration: The Case of Personnel Economics ..................................................................... ...

The approach applies notions from economics, such as incentives, opportunity costs, and diminishing returns, to HRM issues such ...

Amartya Sen, arguably the most inXuential current non-mainstream thinker in economics, has attributed this to the increasing dom ...

studies of output-based pay have highlighted several problems: where performance is diYcult to specify, notions of acceptable be ...

cost per unit output compared to theWrm’s cost per unit output, adjusting for the opportunity cost of altering workforce size ( ...

improvements in output at the margin. These practices may have direct and indirect impacts on productivity or output—direct by, ...

a commodity’ (ibid.: 39 ). The reliance on labor for operational eYciency, with all its reputational eVects, is ignored. While l ...

2 Internal Labor Markets and Dual Labor Market Theory Without internalized labor and continuous employment contracts, ther ...

accounts (Jacoby 1984 ; Rubery 1978 ; Wilkinson 1981 ) of the processes by which labor markets have come to be structured or ‘ba ...

Marsden’s work straddles the HRM–economics divide as is evident in his research on incentive-based payment systems (e.g. Marsden ...

The analysis illuminates howWrm-level HR practices interact with, and are reinforced by, societal institutions as evidenced thro ...

will only collaborate eVectively in vocational training schemes if institutions (operationalized through the state, employer ass ...

4.5 Conclusion ................................................................................................................. ...