International Research journal of Management Science and Technology

  ISSN 2250 - 1959 (online) ISSN 2348 - 9367 (Print) New DOI : 10.32804/IRJMST

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HUMAN RESOURCE MANAGEMENT PRACTICES, WORKFORCE ALIGNMENT, AND FIRM PERFORMANCE

    2 Author(s):  TRILOCHAN CHORASIA , MAHESH KUMAR

Vol -  5, Issue- 1 ,         Page(s) : 247 - 255  (2014 ) DOI : https://doi.org/10.32804/IRJMST

Abstract

Small business leaders are charged with delivering high levels of company performance. There is no shortage of potentially fruitful investments available for consideration; these include developing new products or services, improving product or service quality, and enhancing marketing and sales. Another possible investment - improving the way a company manages its people - tends to receive less attention. This is somewhat surprising, however, when one considers that the human resource management practices a company uses can dramatically impact the bottom-line. One study of large publicly traded firms, for example, found that companies using "high performance" human resource practices have market values that range from between $16,000 and $40,000 per employee higher than firms that do not use such practices.

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