HRM practices and its impact on organisational performance in India
In the present economic development age the role of human resource is a significant source of competitive advantage to ensure the managerial effectiveness and organizational performance by having competent & motivated employees and to sustained competitive advantage through facilitating the development of competencies. The subject of the paper is a well-researched topic, hopefully this paper contribute to a better understanding and implementation of the HRM practices in creating and sustaining organisational performance specifically in the Indian context. The knowledge and understanding of this topic will enable the HR managers to design programmes that will bring forth better operational results and competitive advantage. The review of literature has identified that major chunk of research in India emanates from descriptive data and experience sharing. The methodology employed a sample of 50 respondents of various manufacturing and service sector top level and middle level employees by conducting a series of group discussions. In the conclusion the study has shown a positive, significant and meaningful relationship between HRM practices OP and HRM practices influence the firmís organisational performance outcomes through effectiveness of the HR system and Employee Commitment and Employee performance. HRM practices have also impact on Organization culture, Strategic objectives and Market orientation of the organisation which is ultimately linked to the Organizational Performance. No doubt there is a scope of future research and hopefully the future empirical work will provide better and more meaningful tests of the theoretical framework developed here.