TITLE:
Strategic Human Resource Management and Corporate Performance
AUTHORS:
Xiao Wang
KEYWORDS:
Human Resource Management, ICM, Corporate Performance, Dynamic Com-plex Network, Fuzzy Synthetic Evaluation
JOURNAL NAME:
Modern Economy,
Vol.10 No.1,
January
23,
2019
ABSTRACT: It is essential for success to build an organization
filled with good, talented, well-trained people, which is also the center of
human resource management. The author combined the complex network with human
capital to solve the problems. The
author employed fuzzy synthetic evaluation method to figure out the Euclidean distance between different departments in ICM, and then
built the human capital network of various departments. Based on the Lyapunov stability theory, the author described the dynamic
process of human capital in ICM. Through establishing the dynamic complex
network model of human capital, the author drew the conclusion that the next
two years’ budget of recruiting and training is 34.22σ when the annual churn rate goes to 18%. By Pajek
programming, the author used the visualization tools to simulate the staff
flow. Through establishing the dynamic simulation model of the staff turnover, the
author reached the position’s integrity condition of ICM when the job churn
rate is 25% and 35%, respectively. Then the author explained the
costs caused by high turnover rates and the indirect effects of high churn
rates. The author simulated the change of position’s integrity degree of junior
managers and experienced supervisors in the next two years. The author concluded
that the HR health of the organization is below the expectation. In addition, the author made sensitivity analysis on the 7 factors of
human capital value and consequently drew that the amount of employees of each
hierarchy has the greatest influence on human capital value. At last, to make further discussion on the model, the
author established the multilayer complex network model including flow, trust,
influence and friendship.