Best Fit vs Best Practice Essay - 328 Words.
At the most general level, best fit is a contingency approach while best practice is a universal approach. Best fit is based on the premise that picking the most effective HR policies and practices depends on matching them appropriately to the organization’s environment.The best fit approach believes that the payment system of an organization should reflect individual employee contributions (Fitz-Enz, 1993). Employees may at times cut down their efforts to look for employment in highly paying jobs in other organizations due to dissatisfaction originate from negative inequity and some other consequences.The essay has the aim to analyse best practice and best fit approaches in HRM of a multinational enterprise. The reader receives insight into Lincoln Electric’s organization through a case-study analysis of practical HR approaches serving as a basis for developing practical managerial implications in the last part of the paper. 2.
Olsen (1993) uses the term “co- alignment” to describe the “best fit” relationship between strategy and organizational structure. He observes that without co-alignment between structure, strategy and the environment, organizations may experience difficulty in achieving long-term success.The best fit method proposes that the reward system should be in alignment with the organization's business strategy to achieve the maximum competitive advantage. Best practice holds that there is a certain set of HR policies that will lead to highly motivated and committed employees.
Job analysis:- job analysis provide a information to company at where which person are fit according his duties. Job analysis helps to solve problem in a organisation according to ability. Then they use the most suitable alternative, which is best for employee and organization.
