Dr. Raymond Richardson
LSE

Topic : Modern Human Resource Strategy

Raymond Richardson received his Doctorate in Economics from Columbia Univer­sity, New York. He has spent most of his working life at the London School of Economics. He was first associated with the Economics Department, then worked in the Industrial Relations Department and later, also in the Interdisciplinary Institute of Management. He has been one of LSE’s Academic Governors and then the Dean of LSE’s Graduate School. Currently he is one of LSE’s three Deputy Directors, with special respon­sibility for matters regarding teaching and learning.

In addition to his academic career, he has spent 5 years in government service as a Special Advisor to the Prime Minister’s Financial and Economic Affairs. He has also been a con­sultant to the City of London’s leading gilt-edge broker/dealer, and has held short-term commissions with a variety of international organisations, including the World Bank, the UN as well as the EU Commission. His expertise also extends to his research and consult­ing assignments with various organisations, both in the public and private sectors. His teaching and research in recent years has primarily been in Human Re­source Management. He has undertaken research on various subjects, for example, ‘Evaluating Performance-Related Pay for Managers in the NHS’, ‘Performance Pay Trends in the UK’, ‘The Impact of Peo­ple Management Practices on Business Performance’ and ‘Perform­ance Related Pay in Schools’ to name few.

Session Plans:

SESSION 1: HR Policy: its implications in organizations.

• Vital role of HR in organizations.
• Objectives of HR Policies.

SESSION 2: HR Policies as a crucial tool to achieve competitive advantage. Analysis of HR Policies within the economic framework.

• View HR Policies as being a tool for reducing unit cost of labour. Its implications in the following to enhance performance:
• Job design
• Motivation for employees.
• HR Policies designed to secure the competence and generate the motivation of the workforce.

SESSION 3: HR Strategies - the unique structure of successful HR strategies.

• Do firms have a HR strategy?
• What is a HR strategy?
• Is there one-best HR strategy?
• Merits and limitations of Modern HR Strategies?