ANNA P. Y. TSUI AND K. T. LAI

Faced with external and internal challenges such as globalization, social changes and responsiveness to customers, technological development, cost containment and structural changes, organizations now experience increasing levels of competition. Evidence has shown a positive relationship between HR practices and business performance outcomes such as increased profitability and productivity. Indeed, HRM practices influence employee skills through the acquisition and development of human capital. Also, the use of well-designed performance management systems and pay-for-performance incentives are important motivations in the workplace. Written by HR professionals, consultants, legal experts and academics with decades of professional experience, this volume covers the full spectrum of HRM practices in relation to their strategic contributions to organizations. In a hands-on and lively fashion, it provides up-to-date HRM knowledge and skills with practical guidelines. The purpose of the book is to enhance people management and gain competitive advantage in the fast-moving business environment.

Dr. Anna P. Y. Tsui is a faculty member at the Chinese University of Hong Kong. Her teaching interests include business strategy and HRM. Before working as an academic, she was a veteran HR professional working in the electronics manufacturing, public utility, and hospital organizations. K. T. Lai was the President of the Hong Kong Institute of Human Resource Management from 2005 to 2008. Before his retirement in 2008, Mr. Lai was the Group Human Resources Manager of China Light and Power Holdings, Ltd.

“Written by an impeccable slate of practitioners and academics, this edited book provides highly insightful, practical guidelines for effective human resource management in the context of Hong Kong. It is a must-read for those who are keen to leverage their human asset to leapfrog the performance of their firms.”— LEUNG Kwok, Chair Professor of Management, City University of Hong Kong