In the modern business world, new practices and aproaches are being introduced. When talking about new concepts the most important concepts being used nowdays in Human resource management are“Best Practice“ and “Best Fit“. There is a big increase on the debate between Best practice and Best fit, as to whether they general concept of Best practice is benificial to every organization and similarly the same for the concept of Best fit. Best practice suggests certain types of practices are universally successfull while Best fit acknowledges the relevent impact of contextual factors. Further below we will look into detail the two concepts in question and see how they are similar or different and how they impact different organizations and their employees and employers.
Organizations all over the world have now started to invest heavily in their Human resource department as they know the importance of how to keep the employees motivated. The main task of the human resource department is to keeop track of all the employees and make sure they are properly motivated. Human resources play a major part in the affectivness of any organization's functioning. The major role of HR is to recongnize the importance of human resources as they are a valuable means of improving productivity and the awarness today of the costs associated with poor human resource management. The HR takes care of recruitment, payments, training expenses, another important role is to keep the employees motivated and their morale at their peak. This in turn results in good working conditions for the employees and job satisfaction.
The best way to understand best practice is by understanding that not all businesses work and operate in the same way. Every organization focuses mostly on reducing their costs and increasing their net profit margins. When all this is taken into account then we can understand that in order...