Principles of SHRM
Price (1997) mentioned ten principles of SHRM, which he claimed are measurable in some way and can be used for ’benchmarking’.
These are given below:
- Principle of Comprehensiveness: HRM should be closely matched to business objectives.
- Principle of Coherence: Allocation and activities of HR integrated into a meaningful whole.
- Principle of Control: Effective organizations require a control system for cohesion and direction.
- Principle of Communication: Strategies understood and accepted by all employees, open culture with no barriers.
- Principle of Credibility: Staffs trust top management and believe in their strategies.
- Principle of Commitment: Employees motivated to achieve organizational goals.
- Principle of Change: Continuous improvement and development essential for survival.
- Principle of Competence: Organizations competent in achieving their objectives- dependent on individual competence.
- Principle of Creativity: Competitive advantage comes from unique strategies.
- Principle of Cost-effectiveness: Competitive, fair reward and promotion systems.
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