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Strategic Human Resource Management

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  1. The three main theories
  2. The main advantages and drawbacks
  3. Comparison between the theories

The financial crisis of 2008-2009 has led companies to incorporate several practical changes due to the drop of demand on the markets in developed economies. The most important changes have been made in the human resource departments, due to the weight of the employees' wages on the companies; bottom-line. The human resource management approaches don't seem to changes despite the financial crisis, and the long term objectives of the companies are also not expected to change. Why? This theory can provide some answers to plan the future of the organization. The theories often act as guides which help human resource managers to implement their strategy. One of the most important theories is based on the knowledge about the prestigious university of Harvard, the universalist approach is based on the universality of the concept, every organization, in every marketplace, can implement this theory.

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