Journal
HUMAN RESOURCE MANAGEMENT
Volume 54, Issue 3, Pages 427-438Publisher
WILEY PERIODICALS, INC
DOI: 10.1002/hrm.21726
Keywords
human resource management; multistakeholder perspective; context; Harvard approach; Michigan approach
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Thirty years on from the seminal works on human resource management (HRM) by Beer et al., we examine how the subject has developed. We offer a normative review, based on that model and critique the assumption that the business of HRM is solely to improve returns to owners and shareholders. We identify the importance of a wider view of stakeholders to practitioners and how academic studies on the periphery of HRM are beginning to adopt such a view. We argue that the HRM studies so far have given us much valuable learning but that the subject has now reached a point where we need to take a wider, more contextual, more multilayered approach founded on the long-term needs of all relevant stakeholders. The original Beer et al. model remains a valuable guide to the next 30 years of HRM. (c) 2015WileyPeriodicals, Inc.
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