OBHR 401 DAY 4 Flashcards
What is organizational work look like in cost minimization?
Jobs are narrowly defined
What is organizational work look like in high commitment
Jobs broadly defined
Employee relation + cost minimization
Little participation, no formal grievance mechanism
Employee relation + High commitment
High employee participation, dispute resolution, share information.
Staffing/ Supervision + cost minimization
Low skill, intense monitoring
Staffing/Supervision + high commitment
skilled workers + self-managed
Training + cost minimization
limited training
Training + high commitment
extensive general training
Compensation + cost minimization
limited benefits, relatively low wages, incentive based
Compensation + high commitment
- more extensive benefits, high wages, salaried + stock ownership
What is differentiation?
Uniqueness perceived by customer + industry-wide focus
What is overall-cost leadership?
Low cost-position + industry wide
Focused differentiation
uniqueness + particular segment
focused cost leadership
low-cost position + particular segment
What are the dominant approaches?
Cost leadership + cost minimization
High commitment + Differentiation
What is employee security?
gurantee employee jobs
Selectivity in hiring?
carefully choose your people that feel like they ft and are qualified enough
High wages
helps recruiting and motivating employees
pay for performance
consider the group performance over individual plans
wage compression
too much variance in pay creates compeition
employee ownership
allows for a long term horizon if employees’ interests match with organization
information sharing
disclose information as you do to stockholders
training/skill development
investing in your employees
promotion from within
reinforcing things that you do
long term perspective
competing with people takes time to work
What is human capital?
the knowledge and the expertise that individuals in a firm posses
Social capital
the social networks that a firm has. Norms and behaviours
What is variety?
choosing from different HRM models that fit with your organization
What is fit?
HRM models with business strategy
Equifinality?
getting to the same outcome but in different ways
Scalability?
scaling up or down depending on needs
Dimension of Employment (Basis of Attachment)
Why do I work here?
Compensation
Qualities of Work
Work Group
Dimensions of Employment: Criterion for Selection
What’s the basis for hiring?
Skills
Exceptional talent/potential
Fit with team/ organization
Dimensions of Employment: means of control and coordination
how do people get their work done
Direct monitoring
peer and or cultural control
professional standards
formal processes (bureaucracy)
What is Star HRM?
We recruit top talent, pay them high wages, and give them the autonomy they need
Attachment is: Work
Selection: Potential + exceptional talent
Control: Professional Standard
high market capitalization
What is Engineering HRM Model?
We are very committed, skunk works mentality with the binding energy
Attachment: Work
Selection: Skills
Control: Peer and Cultural
Most disorganized that’s why people switch to bureaucracy from this model. HR plays a less important role
What is commitment HRM?
Build a company that people stay till they retire
Attachment: workgroup bond
selection: fit
control: peer and cultural
Most likely to go public, High stability, significant growth potential
What is Bureaucracy HRM?
Focus on how things get done and not how you do them
Attachment: work
Selection: Skills
Control: Formal processes
What is Autocracy HRM>
You work for me and you get paid by me
Attachment: compensation
Selection: Skills
Control: Direct monitoring
(most likely to fail in silicon valley)
