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Both the Michigan and the Harvard models of managing people are crucial in an organisation it simple depends on the prevailing situation. discuss?
Wiki User
∙ 7y ago
The Harvard and Michigan models are the finest famous early interpretations of HRM. The Michigan model is also recognized as the 'matching model' or 'best-fit' approach to human resource management. Intrinsically, Michigan model requires human resource strategies have a rigid vigorous to the overall strategies of the business. Common HR processes performed in every organization Selection of matching people to jobs, Appraisals of employee performance, emphasizing the real importance of compensate and other forms of compensation in achieving results and Development of skilled employees. The Harvard interpretation observes employees as resources. The nervous tension is on employees as human resources. The Harvard approach recognizes sympathy in all companies. Employees are major stakeholders in a business. They have possession of needs and apprehensions in conjunction with other groups such as customers and shareholders. The Harvard model summarizes four HR policy quarters namely Human resource flows like recruitment, selection, placement, promotion, appraisal and assessment, promotion, termination, then Reward systems like compensate systems, incentive, entrusted influence levels, accountability, power and Work systems that are the employment plan and people placement.
Wiki User
∙ 7y ago
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