The Three Legged Stool Model

In figure 2 wironen 2007 we see an egg model that would respond to the dawe and ryan critique with the environment surrounding society and economy. In line with this critique of the three legged stool metaphor others have adopted more complex and integrated models such as the egg and or venn diagrams. The three legged stool is an old phrase that many financial planners once used to describe the three most common sources of retirement income.

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The three legged stool is a metaphor for how the post world war ii generation looked at planning for retirement.

The three legged stool model.

The three legs represent an employer pension employee savings and social security you need each one to build a strong retirement foundation. Ulrich suggested that in large organizations the previously integrated hr function should be divided into three segments. Shared service activities should be concentrated in a call centre with supporting intranet to provide administrative and basic support functions to the. This model for organizing the human resource function was developed by the influential us academic david ulrich.

This is the third of the three legged stool income model and whilst it can be stand alone selling affiliate products where you earn anything from 20 50 commissions or even 100 commissions on each sale it can also be a component of residual income and high ticket income. Social security employee pensions and. A business partner in this case is a senior hr professional. This model is named after dave ulrich and its three pronged approach should make the three legged stool part of the term pretty clear.

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