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Human Resource Management - Internal Labour Markets
Title: Human Resource Management - Internal Labour Markets
Category: Business & Economy / Management
Details: Words: 1491 | Pages: 6.3 (approximately 235 words/page)
Human Resource Management - Internal Labour Markets
Human Resource Management - Internal Labour Markets (ILMs)
Occur when firms adopt a policy of recruiting workers at a low-level, then advancing them through a sequence of jobs within the enterprise
Employee's entire career takes place within a single organisation - 'cradle-to-grave'
Typical employee relationship with the firm are characterised by:
1.<Tab/>Long-term attachments
&middot;<Tab/>The longer a worker is happily employed, the greater the worker's …showed first 75 words of 1491 total…
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…showed last 75 words of 1491 total…middot;<Tab/>Problem is that workers come to identify with the way the firm operates as the only way the firm can operate
&middot;<Tab/>So, organisational change is difficult to implement
&middot;<Tab/>Such problems occur in all firms with strong cultures, but ILMs can strengthen implicit contracts that make it difficult to radically restructure processes and procedures
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