HRM theoretical knowledge
Armstrong (2003) denotes that one of the strengths of the Harvard model is its recognition of trade-offs, wherein the presence conflicting interests between stakeholders (ie. Management-union, employee-employer) necessitates the adoption of HR policy choices that may be beneficial for one but detrimental to others. For instance, employee incentives (a form of reward for good performance) may be foregone when the company is in need of […]