Human Resource Management – Change Management


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The new psychological contract largely results from the HRM challenge of building a committed, productive work force in turbulent economic conditions that offer opportunity for financial success but can also quickly turn sour, making every employee expendable. From the organizations perspective, the key to survival in a fast changing environment is flexibility. Organizations want to be able to change as fast as customer needs and economic conditions change. Flexibility in HRM includes flexible staffing levels and flexible work schedules.

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