HRM and Strategy
HRM includes four key aspects - reward, relations, resourcing and training and development according to the UK’s Chartered Institute of Personnel and Development (CIPD 2005). In recent times, Resourcing has become a key issue due to economic and competitive forces. A significant model, which generated a great deal of research, was the ‘flexible firm model’ of Atkinson (1984), in which a divide was made as between ‘core’ and ‘peripheral;’ workers. This was not merely a restatement of what is in effect a dual labour market theory, but was seen as a new, strategic, phenomenon.