What are the fundamental principles of high-performance work systems?

Question

What will be an ideal response?

Answer 1

There are four fundamental principles that support high-performance work systems. First, the principle of shared information suggests that in today's rapidly changing environment, because organizations must rely on the expertise and initiative of employees, it is imperative that these employees are provided with timely and accurate information about business performance, plans, and strategies. Second, the principle of knowledge development underscores the notion that because the nature of competition continues to change, employees' knowledge and skills must also change. As a result, these employees need to learn continuously to support the organization's needs. Third, the principle of performance-reward linkages suggests that aligning employee intentions and behaviors with the needs of the firm can help ensure that employees engage in activities that are mutually beneficial to themselves and the organization. Fourth, the principle of egalitarianism and engagement supports the need to break down status and power barriers with high-performance work systems. By decreasing these barriers, employees can become more involved in their work, and organizational performance is improved while the quality of work life is simultaneously increased.