People and Organization Principal Practices

  Source(GreggU, 2021) In HRM, Rewarding play an important role in encouraging and retaining employees within the organization. Financial Supporting, recognition and Appreciation, career opportunities and its developments, work-life balance all these ideas include in the term “Rewarding”. In parallel, Employee Engagement also important for organizational success, which is encouraged by open communication, empowerment, feedback, teamwork, and a healthy workplace culture (Eva Andres, 2022; Hannah price, 2009-2024). By integrating these aspects, support to the organizational goals by making people feel appreciated and encouraged to perform successfully. Meantime, continuously review and personalizing of these methods are important and needed for reshaping to changing organizational culture and satisfying varied employee needs, these resulting in a peaceful and productive workplace for the employees (Hannah price, 2009-2024)   In Sri Lankan context there are many practica...

                                                          Source: ELINEXT (1997-2004) Human Resource Management (HRM) solutions include variety of tools, applications, techniques or strategies, which is designed to manage various human resources activities within business or an organization. It may contain both software applications as well as non-technical elements such as organizational structures, job descriptions, and HR Approaches. While inline with the  labor laws and regulations, t hese solutions are help to improve company efficiency and it is improved employee satisfaction in an organization (Cross, D. and Swart, J., 2022). The key elements and features commonly can be found in HRM solution are as follows: * Recruitment and Applicant Tracking                    ...

  Figure 1: Best fit Vs. Best practice (Amy Cole, 2016) In people Resource Management (HRM), "best fit" and "best practice" are two methodologies that provide contrasting viewpoints on how businesses can efficiently manage their people resources and their performances while how it is correlated with each other. (Amy Cole, 2016). Best Fit Approach : In HRM, the best fit approach places a strong emphasis on matching an organization's unique goals and strategies with its HR practices. It implies that HR procedures ought to be customized to the traits, objectives, and organizational culture of each company ( Nazi a R., & Ambreen S., 2016;  Guest, D. E. 1997). Key attributes of best fit approach can be defined as below, customization: human resources practices are modified according to the goals, environment, and culture of the company. Strategic Alignment: HR practices are made to complement the organization's core strategic objectives. Flexibility...