Problem of Plenty: Managing Employee Surplus
01 Jan 2016-Vol. 6, Iss: 1, pp 38-48
TL;DR: An extensive review of literature is done to understand the complete cycle, which is from environmental conditions leading to employee surplus consequently leading to firm implementing relevant strategies to deal with the situation and the consequences thereof on firm and individuals.
Abstract: The article deals with understanding the phenomena of employee rationalisation in firms especially the ones operating in dynamic environments. In this paper the authors do an extensive review of literature to understand the complete cycle, which is from environmental conditions leading to employee surplus consequently leading to firm implementing relevant strategies to deal with the situation and the consequences thereof on firm and individuals. The authors focus their attention on high technology firms and the relevant strategies for managing employee surplus in such firms. They extend the literature by proposing the relevance of tacit knowledge in situations where employee surplus needs to be managed and how it can be retained for preserving the competitiveness of firms.
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01 Apr 2017
TL;DR: This article analyzes the literature in the search for career management in the knowledge-based organizations KBOs to present valuable insights and further understanding of the way in which career management perspectives in the K BOs should be emphasized.
Abstract: This article analyzes the literature in the search for career management in the knowledge-based organizations KBOs. The literature review covers the overview of career management strategy; organizational career management OCM and knowledge management KM in the KBOs; career management and career learning in the KBOs; career management innovation in the KBOs; and the significance of career management strategy in the interorganizational career transitions. Career management is the process that helps employees understand career opportunities and chart a career path within their organization. Encouraging career management in the KBOs has the potential to improve organizational performance and reach strategic goals in the modern workplace. The findings present valuable insights and further understanding of the way in which career management perspectives in the KBOs should be emphasized.
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01 Jan 2001
52 citations
TL;DR: In this paper, the role of the human resource function in formulating and implementing strategic responses to decline is discussed, which must be formulated within the context of the skills and knowledge available to the organization and according to the type of environmental conditions encountered.
Abstract: The conceptualization presented in this article suggests that top management should take into account the role of the human resource function in formulating and implementing strategic responses to decline Such responses must be formulated within the context of the skills and knowledge available to the organization and according to the type of environmental conditions encountered These influences will force the human resource manager to focus on sharpening competencies existing within the organization, consolidating competencies so that only those currently required by the organization are retained, adding new competencies, or replacing existing competencies so that the organization can move to a new domain activity The emphasis on human resource processes such as recruitment and termination, training and development, and evaluation, reward, and retention for purposes of development and maintenance of the competencies needed to implement strategic responses to decline will vary according to the nature of the environmental conditions encountered
47 citations
TL;DR: In this article, the authors propose that a firm may avoid the tradeoff between commitment and flexibility by differentiating between two types of human asset specificity: firm specificity and usage specificity.
Abstract: The study of the factors influencing a firm’s choice of employment contract occupies a critical role in the strategic human resource management literature. However, existing research does not adequately address an important question in an uncertain environment: Can a firm balance the apparently conflicting considerations of ‘commitment’ and ‘flexibility’, underlying employment contracts? By integrating research on transaction cost economics and the resource-based view, we propose that a firm may avoid the tradeoff between commitment and flexibility by differentiating between two types of human asset specificity: ‘firm specificity’ and ‘usage specificity’. The interplay between the two types of human asset specificity and their value-creation potential has fundamentally different implications for a firm’s choice of employment contract. By distinguishing between behavioral and competitive uncertainties, we propose that different types of uncertainties may influence levels of commitment and flexibility, and ...
47 citations
TL;DR: An economic theory of the escalating commitment phenomenon is proposed and it is shown mathematically that there are economic justifications for escalating commitment to a failing strategy.
Abstract: This paper highlights the significance of escalating commitment to strategy formulation, briefly examines behavioral explanations of escalating commitment to a losing course of action, and finally proposes an economic theory of the escalating commitment phenomenon. An example of escalating commitment to an outdated technology is presented. It is shown mathematically that there are economic justifications for escalating commitment to a failing strategy. Strategic implications for the first move advantage and for the U.S. steel, auto and semiconductor industries are discussed.
46 citations
TL;DR: In this paper, the authors investigated the process of moving on from redundancy in the Welsh steel industry among individuals seeking new careers and identified a spectrum of career change experience, ranging f...
Abstract: This article investigates the process of moving on from redundancy in the Welsh steel industry among individuals seeking new careers. It identifies a spectrum of career change experience, ranging f ...
40 citations