Theoretical approaches to best HRM practices in Latin America

The best practice research approach usually follows a universalistic perspective, assuming that general management practices can be transferred effectively to any context (Delery and Doty, 1996). Still, HRM practices should form a coherent system for controlling and developing human competencies in order to achieve strategic goals. Therefore, transferring a single “best HRM practice” to a different context would have a limited impact on the organization’s performance (Schuler and Jackson, 2005). Moreover, organizations would gain limited performance benefits from copying or imitating a specific “best HRM practice” from “best employers.”