In order to get management to listen and to gain credibility, HR managers would do well to document the added value of HR investments and their impact on firm performance. Highlighting the contribution of HR practices requires us to answer two core questions: What is the added value of investing in HR functions and practices? How can the added value created by HR functions and practices be assessed?
In order to address these central questions, a broad overview of a four-step-approach (ORMM-approach) is given that structures the process of determining the added value of HRM: Based on a definition of outcome variables (O), research/theory-based cause-and-effect-relationships (R) between antecedents and outcome variables need to be modeled. Finally, the added value needs to be assessed by using adequate measures (M) and to be managed (M). Moreover, in view of the broadly discussed theory-practice-gap, it is shown how this edited volume supports both researchers and practitioners in their work by giving an overview of the contributions in this edited book.
- Firm Performance
- Human Resource Management
- Leadership Style
- Counterproductive Work Behavior
- Human Resource Management Practice
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A special ‘thank-you’ goes to everyone who helped to create this edited volume: First of all, heartfelt thanks are offered to all authors for having spent their precious time and having shared their high-quality work! In addition, the continuous administrative assistance provided by Christian Nowak was greatly appreciated. Lisa Ernst and Nadine Klickow is gratefully thanked for their precious help during the creation process of this edited book. Moreover, Dr. Prashanth Mahagaonkar’s and Irene Barrios-Kežić’s support throughout the project was very much appreciated. Last, but not least, a special thank you goes to Diana Fischer for her invaluable help in the final stages of the project. The work is completed!
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Andresen, M. (2015). Assessing the Added Value of Human Resource Management Practices. In: Andresen, M., Nowak, C. (eds) Human Resource Management Practices. Management for Professionals. Springer, Cham. https://doi.org/10.1007/978-3-319-08186-1_1
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