CHAPTER TWO:
LITERATURE REVIEW .............................................................. 9
2.0
Introduction ............................................................................................................. 9
2.1
The Development of Human Capital Management ............................................... 10
2.2
Definition of Concepts .......................................................................................... 12
2.2.1
Human Capital Management ................................................................................. 12
2.2.2
Human Resource Bundles ..................................................................................... 14
2.2.3
Universal or ‘best practice’ approaches to HR bundles ........................................ 17
2.2.4
HR practices for developing human capital and performance .............................. 18
2.3
Components of Human Capital Management ....................................................... 19
2.3.1
Turnover Intention ................................................................................................. 19
2.3.2
Selective Hiring ..................................................................................................... 19
2.3.3
Extensive Training, Learning and Development ................................................... 20
2.3.4
Employee Involvement and Information Sharing ................................................. 21
2.3.5
Self Managed Teams/Teamworking ..................................................................... 21
2.3.6
High compensation contingent on Performance ................................................... 21
2.3.7
Reduction of Status differences/harmonization .................................................... 22
2.4
Effectiveness of Human Capital Management ...................................................... 22
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