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To Retain Or Not to Retain? Multinational Firms and Technical Labour

To Retain Or Not to Retain? Multinational Firms and Technical Labour This article examines one of the core ideas in the human resource management rubric: that employers should seek to retain and develop their human resources, in particular professional personnel, since they are a source of competitive advantage. This idea is evaluated in the critical case of employers of technical staff. It finds, contrary to the prescriptive HRM literature, that employers were more concerned with having a steady turnover of staff, for which they saw a number of advantages, than with the development of policies which would enable them to retain scientists and engineers. These employers had, instead, developed a dual labour market approach which was contingent on the turnover of existing staff. This consisted of a general inclination to exploit the benefits of the prevailing labour market conditions while simultaneously engaging in a policy which allowed them to selectively retain certain key human resources. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Human Resource Management Journal Wiley

To Retain Or Not to Retain? Multinational Firms and Technical Labour

McGovern, Patrick
Human Resource Management Journal , Volume 5 (4) – Jun 1, 1995
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References (13)

Publisher
Wiley
Copyright
Copyright © 1995 Wiley Subscription Services, Inc., A Wiley Company
ISSN
0954-5395
eISSN
1748-8583
DOI
10.1111/j.1748-8583.1995.tb00380.x
Publisher site
See Article on Publisher Site

Abstract

This article examines one of the core ideas in the human resource management rubric: that employers should seek to retain and develop their human resources, in particular professional personnel, since they are a source of competitive advantage. This idea is evaluated in the critical case of employers of technical staff. It finds, contrary to the prescriptive HRM literature, that employers were more concerned with having a steady turnover of staff, for which they saw a number of advantages, than with the development of policies which would enable them to retain scientists and engineers. These employers had, instead, developed a dual labour market approach which was contingent on the turnover of existing staff. This consisted of a general inclination to exploit the benefits of the prevailing labour market conditions while simultaneously engaging in a policy which allowed them to selectively retain certain key human resources.

Journal

Human Resource Management Journal – Wiley

Published: Jun 1, 1995

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