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| Topic: |
Business
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| Number of pages / Number of words: |
16 / 4480 |
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Companies expect this empowerment to enable employees to adapt quickly and readily to rapidly changing product and labor market conditions, and to improve operational efficiency and firm performance (Becker & Huselid, 1998; Cappelli & Neumark, 1999).
Although high performance work practices (HPWPs) have often been touted as being good for both employers and employees, these practices require significant investments in human capital via training, coordination of initiatives, and time for managerial and employee input...
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Because of the large investment in human capital, the value of these practices may be lost if the investment is not offset by increased efficiency and effectiveness. Among others, Cappelli and Neumark's (1999) review of the literature (Delaney & Goddard, 2001; Kling, 1995; U.S. Department of Labor, 1993) suggests, on average, that HPWPs are associated with increased productivity...
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