Bureaucracy and Organizational Change
The very word bureaucracy conjures images of sloth, inefficiency and status quoist mindset. To associate bureaucracy with change would thus be looked as an oxymoron. However, it is the case that some large organizations that were otherwise bureaucratic in their organizational structures managed to bring about change in the way they worked. The best known […]
The Misconceptions about Poverty
Many governments all over the world have made attempts to abolish poverty. However, most of them have not succeeded. The theme of eradicating poverty has been common to both socialists as well as capitalists. However, no one seems to have been able to solve the problem. It is likely that the problem itself has been […]
The Changing Face of Services Marketing
Marketing of Services has emerged as an important sub discipline of marketing in its own right. It has evolved phenomenally to emerge as a major field of study with far reaching implications in today’s increasingly service driven economies. It is then, only natural, to wonder what is the future course that this field of study […]
How Hedge Funds Makes Money ?
The inner workings of hedge funds are as elusive as their outward appearance. The general public usually does not know how hedge funds generate revenue and how they manage to pay their employees record salaries and pay rent for the prime properties where their offices are located. The general population is unaware of the various […]
Performance Appraisal and Performance Management
The contemporary organizations are undergoing a transformation for coping against the changing needs of the environment and excelling in the business by building up their adaptive capabilities for managing change proactively. The traditional performance appraisal system did not suffice the needs of the changing scenario as it was mainly used as a tool for employee […]
As the name suggests, hybrid model of human capital management is a mix of common resource pool model and unique skill set model. In hybrid model, employees are multiskilled and have diverse set of experiences and backgrounds. Hybrid model employees come from varied backgrounds and have a generalist profile.
In a layman’s language hybrid model of human capital management includes diversified human capital.
Hybrid model includes front office staff, customer care representatives, sales representatives and so on. This model does not include employees with unique skills set but employees who have a generalist profile and are multitalented. Such employees can perform various functions at a single time and thus come up with innovative ideas for the organization.
Hybrid model employees do not require extensive training. Light trainings can solve the purpose. Employees under hybrid model do not have to perform specialized tasks and thus do not require specialized training programs.
A customer care executive does not have to perform complex duties in his/her day to day operations. In the same way a front office executive does not need to develop specialized skillsets. Lighter trainings are useful for them and can make them more efficient for them to contribute towards the functioning of organization.
Hybrid model of human capital management lacks staff members with specialized experiences or unique skills and knowledge. One can find employees who are generalists and thus lack in - depth business knowledge. Such employees would not be able to participate in critical business decisions due to the lack of thorough work knowledge.
Talent acquisition is much simpler in hybrid model of human capital management. Interview processes and formalities are not critical as in unique skill set model. Human resource professionals need to hire individuals with a generalists profile, who do not have much say in the organization’s major decisions, policy formulations or goal and objective setting. Hybrid model staff can be hired in just one or two discussions only. You do not need an elaborate questionnaire to hire a customer care executive or a front office staff.
Hybrid model of human capital management reduces the need of trainings. Such a model also lacks good talented resource who can take up the responsibility of guiding his/her team members. In this model there is hardly any qualified, high ranked staff member who can set an example for other team members or lead them. You would hardly find someone who is capable of being a leader or a team member. This is one of the major drawbacks of hybrid model of human capital management.
Following steps should be followed in hybrid model:
A human resource professional ought to forecast knowledge, skills or expertise his/her organization will need say five years or ten years down the line. Try to analyze the projects in the pipeline.
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Current Employment Trends and Their Implications for Business, Society, and Individuals
February 12, 2025
