Question

Please explain commodity approach in human resource management

Answer 1

Commodity strategy; this strategy includes the efforts that labor has in production. Labor is a commodity and it should be maintained

These approaches define HRM from different perspectives. Strategic approach. Management approach. Human resource approach.

Answer 2

Explanation:

People are a commodity. They are viewed as a cog of a machine. People can be hired and fired through money. It is money that matters most. There is a saying, “money is sweeter than honey.” This approach views people as an economic man.