What Is a High-Performance Work System? Explain the Different Elements

question 26

Essay

What is a high-performance work system? Explain the different elements of a high-performance work system. What is the role of HRM in such a system?

Understand the exclusion criteria for job descriptions.

Appreciate the diversity in job roles within a job class and the importance of specific job functions.

Identify historical approaches and their impact on the evolution of job analysis and design.

Recognize the competency models and their importance in aligning jobs with organizational strategy and employee performance.

---

Definitions:

Colluded

A situation where firms in a market agree to set prices or output levels to maximize collective profits, often at the expense of competition.

Marginal Cost

The financial implication of creating an extra unit of a product or service.

Fixed Cost

Costs that do not change with the level of output or production, such as rent or salaries.

Profits

The financial gain realized when the revenue from selling goods or services exceeds the costs, taxes, and expenses involved in its provision.