High performance work system

A high performance work system is an integrated set of human resource management policies and practices that together produce superior employee performance.In fact, a growing body of evidence shows that the best performing companies in a wide range of industries perform so well in part because of their high performance work systems. While there’s no hard and fast rule about what comprises high performance work systems, most organizational psychologists would agree they include these practices:

1) Employment security

2) Selective hiring

3) Extensive training

4) Self managed teams and decentralized decision making

5) Reduced status distinctions between managers and workers

6) Information sharing

7) Contingent (pay-for–performance) rewards

 Transformational leadership (for instance, in terms of inspirational motivation).

9) Measurement of management practices

10) Emphasis on high quality work.