HARVARD MODEL
Harvard Model
The Harvard Model is a Human Resource Management strategy technique introduced in 1984. It assists businesses in managing human resources by connecting them to organizational goals through a holistic approach.
Advantages of the Harvard Model of HRM:
- Helps align HR strategies with overall business goals.
- Accounts for stakeholder interests, situational factors, and long-term consequences.
- Can be adapted to fit the specific needs of any organization.
Disadvantages of the Harvard Model of HRM:
- Complex to understand and implement.
- Data collection can be time-consuming.
- Lacks specific instructions on the exact development of HR strategies.