ORGANIZATIONAL AND FINANCIAL CORRELATES OF A CONTRARIAN HUMAN-RESOURCE INVESTMENT STRATEGY

• 成果类型: Article
• 署名作者: GREER, CR; IRELAND, TC
• 署名单位: Oklahoma State University System; Oklahoma State University - Stillwater
• 刊物名称: ACADEMY OF MANAGEMENT JOURNAL
• ISSN/ISSBN: 0001-4273
• DOI: 10.5465/256536
• 发表日期: 1992
• 页码: 956-984
• 关键词: PROFESSIONAL PERSONNEL; STAFFING STRATEGY; business-cycle; performance; management; uncertainty; industries; managerial; decisions; BEHAVIOR

摘要

Correlates of the contrarian investment strategy of countercyclical hiring were investigated through the use of regression models that explain variance in four measures of such hiring at the individual company level. Variables positively related to countercyclical hiring include human resource planning efforts focused on avoiding personnel shortages, maintaining a regular age distribution among managers, employee development and career planning, company financial performance, and the quality of applicants hired during downturns. As expected, cost considerations are negatively related to the extent of countercyclical hiring, as is maintaining a regular age distribution among professionals. An unexpected finding is that percentage changes in the employment of managers and professionals are inversely correlated.