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High Performance Work Systems - Research Paper Example

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The researcher of this paper states that in the global financial system, all the companies operate in an intensely competitive environment. To safeguard their future in this challenging environment the companies need successful innovations and implementations of the designs and products. …
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High Performance Work Systems
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Download file to see previous pages Implementation of HPWS models in the firms demonstrates a powerful net impact on the equality and the diversity of the working systems. In economic terms, the median-sized company with approximately 270 employees “employing the multi-dimensional model of HPWS would have performance advantages including almost €12,000,000 (or €44,399 per employee) in labor productivity, and €556,200 (or €2,061 per employee) in workforce innovation.” (Flood, et. al., January 2008, p.8) HPWS is basically management practices, which attempt to create an environment that would inspire greater responsibility and involvement of the employees in the activities of the organization. This participation would provide empowerment to the employees, which would further lead to the creation of a committed workforce in the organization. (Brown, August 2006). In this paper, we would provide a brief overview of the ideas involving the High-Performance Work Systems and the challenges faced in the implementation of such systems. We further look into the avenues of implementation of HPWS in the online education system of higher education.
HPWS is defined as “a specific combination of HR practices, work structures, and processes that maximizes employee knowledge, skill, commitment and flexibility” (Bohlander & Snell, 2004, p. 690). The ideas of HPWS have existed from a long period of time; these ideas became popular in the late twentieth century, with the onset of globalization and opening of the economies. The globalization invited fierce competition within the industries. The few concepts that rose out in these turbulent times, to save the industries from the global competition, are the key concepts of high performance work systems. These are various components of HPWS which are expected to catalyze the environment of the manufacturing industries. ...Download file to see next pagesRead More
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