The Organisational Form of Australian Engineering Design Companies: The impact of Human Resource Practices on Company Performanc,Used

The Organisational Form of Australian Engineering Design Companies: The impact of Human Resource Practices on Company Performanc,Used

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SKU: DADAX3838367251
Brand: LAP Lambert Academic Publishing
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The theory of the highperformance work systems (HPWS) suggests that a company can achieve sustained competitive advantage provided HRM practices are employee focused, internally consistent, and dynamically aligned with corporate objectives and strategies. The research found that implementation of HRM practices was minimal in Australian engineering design companies, rather than high performing, and that human resources at the technical core were not a contributory factor to company performance. The findings of the study revealed the major asset as not human resources per se, but rather, the corporate leaders, who were able to leverage substantial sector growth to the benefit of the companies. The research also demonstrated that firm growth and longterm survival can eventuate despite minimal, nonstrategic HRM systems. In an external context characterised as hypocompetitive, market buoyancy and the quality of strategic decisionmaking at the corporate level overwhelm human resources at the technical core in contributory significance to company performance.

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