Essay on Financial Impact on L.A.M.P Model

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Human Resource Planning: Financial Impact on L.A.M.P Model.


Human Resource Planning: Financial Impact on L.A.M.P Model.

In the process of making Human resource plans and strategies, LAMP framework serves to be one of the critical model. LAMP framework in Human Resource refers to the Right Logic (L), Right Analysis (A), Right Measure (M) and the right process (P) (Cascio & Boudreau, 2010). Planning the Human Resource also involves developing the correct HR to employee ratio, developing a precise HR matrix and developing and executing the measurement of performance on standard parameters (Talentship and Human Resource Measurement and Analysis: From ROI to Strategic Organizational Change , 2004). Apple has laid the best example for the world in terms of developing the LAMP model. They analyse the market, develop strategies and design technologies that would be useful to the people. Recently, they provided the customers with an ultimate browsing experience with the launch of the IOS8. Thus, it is observed that the planning, development and execution of the HR has financial effects on the four terms observed in L.A.M.P model.

References
Cascio, W. F., & Boudreau, J. W. (2010). Making HR Measurement Strategic. In Investing in People: Financial Impact of Human Resource Initiatives, . Pearson.
Talentship and Human Resource Measurement and Analysis: From ROI to Strategic Organizational Change . (2004). CAlifornia: CEO publications.

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March 10, 2018

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