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Working paper

Human Resource Management: Elaboration

Evgeny Galchenko, Larionov A.
This paper provides modern theoretical perspective on the relationship between HR practices and performance, examines human resource strategy (HRS), analyzes the main features of HR evolution, HR planning and corporate strategy. It also compares HRM with strategic HRM, elaborates on the importance of value for HRS and offers indicators for measuring performance of companies.  The text reviews problems and prospects in the problem of human resource management activity. The analysis emphasizes the problem of measuring value for three main market actors: managers, employees and customers. It is argued that the main task of HRM manager is achieving efficient level of value for these actors. Furthermore, researching this HRM theory helps to examine the possibilities for developing cooperation between HRM managers from different companies and organizations. Sets of these measures let managers understand the process and the prospects of this cooperation not only in terms of market level, but also in terms of improving total macroeconomic situation in long-term period.