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The new employment relationship versus the mutual investment approach: Implications for human resource management
Author(s) -
Tsui Anne S.,
Wu Joshua B.
Publication year - 2005
Publication title -
human resource management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.888
H-Index - 94
eISSN - 1099-050X
pISSN - 0090-4848
DOI - 10.1002/hrm.20052
Subject(s) - loyalty , flexibility (engineering) , human resource management , business , context (archaeology) , competitive advantage , globalization , value (mathematics) , human resources , investment (military) , marketing , economics , management , market economy , paleontology , machine learning , politics , computer science , political science , law , biology
With increasing globalization and hypercompetitive markets, most employers have resorted to headcount management to gain flexibility, remain competitive, and ensure survival. A new employment relationship has emerged. The bond between employer and employee no longer is a long‐term relationship involving loyalty and commitment, but a contractlike economic exchange. The authors take a closer look at this new employee relationship in the context of the more traditional employer‐employee relationship still found in many organizations. The economic value of the new employee relationship may be less attractive than previously perceived. © 2005 Wiley Periodicals, Inc.