Personnel Economics: An Economic Approach to Human Resource Management

Topics:
Human resources management system
Tags:
HRM,
Human Resource Management (HRM),
Human Resources,
Management Revue,
Organizational Structure,
Personnel Economic
Source:
Management Revue

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Overview: The theoretical idea of personnel economics is to apply simple economic principles to the field of human resources management. Personnel economics as a research field has grown rapidly since the first text book on "Personnel Economics" was published in 1998. The development is driven by new theoretical insights based on institutional and behavioral economics and new empirical methods and data sets. Those new theoretical insights are very fruitful to analyze reasons and consequences of various human resource management practices, to understand what actually drives and motivates employees, and what causes organizations to be successful or to fail.

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Format: PDF | Size: 265KB | Date: Apr 2004 | Pages: 17

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