Cascio's "Chain of Relationships" is a conceptual model that
links the various different aspects of an Organisation.
- It is a simple linear model in the form of => A ->B ->
C->D where it means A leads to B leads to C leads to D
- The model links EFFECTIVE MANAGEMENT PRACTICES to EMPLOYEE
SATISFACTION to CUSTOMER SATISFACTION to THE LONG TERM
PROFITABILITY AND GROWTH.
- The model states that Effective Management Practices drive
Employee Satisfaction which further drives Customer Satisfaction
and thus helping the organization achieve long term profitability
and growth.
- The model describes a phenomenon wherein it lays the focus on
the effectiveness in the implementation of the organization's
management practices and its ultimate impact on the organization's
growth and profitability.
High-performance work system (HPWS) characteristics:
High-performance work system or HPWS is a collection of the
various Human Resources practices & the Work process & the
related structures that ultimately increase the skillset, the
knowledge, worker commitment & engagement of the workforce.
Its main features or characteristics are :
- The Work Design: It refers to the workflow and the design of
other various components of the organization's structure such as
technologies, training, the recruitment ( staffing ) design,
etc.
- Another feature is Human Resource Practices i.e the various
HR-related elements and its components such as T&D( Training
and Development ) the recruitment practices etc.
- IT or Information Technology is an important part of the HPWS
as they create an efficient communicative environment with the
information flow that is important to any organization and can aid
in the fast problem solving and data analysis. The main purpose is
effective communication.
Three advantages to organizations that adapt Cascio’s model:
- Employees are a vital part of any organization and an
organization's long term sustainability is dependent on employee
satisfaction since Cascio's model helps provide an insight into
what increases employee satisfaction, it is beneficial for the
orgasmatron.
- The model provides a formula in the form of a relationship to
achieve strategic success in the form of long term profitability
and growth.
- The other advantage that this model offers is that it is
relatively simple to implement and raises the overall skillset of
the employees thus raising the quality factor of the employees by
the effective management practices.