Guest Model of HRM
This type of model that was introduced by David Guest has six dimensions of analysis for HRM. It summarizes the HRM strategies, HRM practices, HRM outcomes, behavior outcomes, performance outcomes, and financial outcomes. The idea of this model is based on the fundamental elements of the HRM approach, such as commitment that have a direct relationship with valued business consequences.
Compensation and Rewards
On the other hand, the traditional Compensation and Reward system is still evident in the organization. SHRM models have potential for informing the understanding of how organizations design and HRM systems. The compensation and rewards might be use and also be more effective in the employment relationships, strategy, and management that can result for a better understanding on strategic human resource management systems.
8th December 2010 From India, Ahmadabad