Human Resource Management Essay Example | Topics and Well Written Essays - 500 words - 10

Human Resource Management - Essay ExampleWith modernization, organizations grew big and the demand for human resource attention kept increasing. With fordism in place human resource direction emerged. Skills became fragmented and specialized as positions were highly differentiated. Organizations, therefore, updated service delivery to answer to the demands of the customers. Fordism highly supported division of labor mass production is widespread and most production companies still implement fordism principles in their government activity of human resource management. Long hours and labor that is cheap ar factors that are still profitable to the humble manufacturing companies. However, the fordism principles cannot be as successful as before but they have highly helped in do the future of human resource management in most industries. There is so much rise in technology, complexity of social environment and so many other changes. The human resource management being applied tod ay has some traces of fordism but fordsim alone cannot be successful (Petit 220).The concept of institutional economics is a foundation of human resource management. The neoclassical and neo-institutional schools of economics argue that the economic theories are a foundation and great implications of the human resource management theory. The macro-prudential policies provide policy makers with a sit of policy instruments to complement changes. The instruments implicate the policy makers to make fine judgment on risks to financial stableness and traditional concerns on monetary policy. Caution when making judgments is highly encourages by the monetary policies. The macro-prudential policies are the main(prenominal) components of human resource management. People are highly affected by the changing customs and changing institutions and the institutional economics are pecuniary and emphasize on collective action of