Improving organisational performance Assignment

Improving organisational performance - Assignment Example Human resource practices that strategic human resources management scholars consider performance enhancing are referred to as high performance work practices (HPWPs).These are essentially work practices that can be introduced in the organization deliberately in order to improve organizational performance. A widely accepted definition of the term is that they are a set of complimentary work practices that cover three broad areas which are sometimes referred to as bundles of practices. They include: High employee involvement practice such as self-directed teams, quality circles and sharing/access to company information; human resource practices for example a sophisticated recruitment process, performance appraisal. Work redesign and mentoring; reward and commitment practices that include various financial rewards, family friendly policies, job rotation and flexi hours. Combs, Liu, Hall, & Ketchen (2006: 502) argue that these practices increase employee’s knowledge, skills and ab ilities (KSAs), empower employees to leverage their KSAs for organizational benefit, and increase their motivation to do so. The result of this is greater job satisfaction, lower employee turnover, higher productivity and better decision making all of which help to improve organizational performance (Wilson, 2005, p. 38). Aspect capital is a leading financial services company is the United Kingdom that applies a systematic and quantitative approach to investment management with the purpose of diversifying alpha for the company’s client portfolios. The company manages over USD 6.7 billion which it has exclusively invested in the aspect diversified program through a series of fund and client specific managed account vehicles (AC, 2012). Established 15 years ago the company has already established itself as a leading financial services company through the extensive support from a team that has extensive experience in the development and implementation of systematic