Certain analytical levels were completely neglected in the traditional personnel
management literature. This is changing as the business school discipline of HRM
improves the academic basis of the subject. This article addresses. the public
policy/societal level of analysis drawing inspiration primarily from recent work by
Kochan and McKersie (1989). Two areas are seen to be important for public policy
in HRM. labour market regulation and human capital formation. Developments are
reviewed in these areas in the New Zealand case.
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