Empirical Research into the Relationship Between the Employment Process and Business Performance

Journal Title: Acta Economica - Year 2016, Vol 14, Issue 25

Abstract

Employment process is one of the main components of human resource management. Employment process is implemented through two related practices, and these are recruitment and selection. Efficient recruitment program is a prerequisite for high quality screening, and selection of candidates who best ft with the position requirements. In addition to consideration of the significance of adequate implementation of the employment process, and summary of the recruitment and selection methods which are available to the employers, through this paper and empirical research, we analyzed the relationship between the employment process and business performance in large business organizations in the Republic of Srpska. The hypothesized relationships between observed variables were tested by using several statistical methods. Research results suggest that between quality of the staffing process and the observed indicators of business success there is a statistically significant correlation, indicating that the improvement of the quality of this human resource management practices tend to increase business performance. Furthermore, results show that there are statistically significant differences in indicators of business performance among groups of organizations that have a different level of quality of the employment process. Specifically, operating results per employee, as well as the result of ordinary activities per employee, were significantly higher in organizations which systematically and adequately carry out the employment process. Results of this research provides contribution to the empirical findings in this field and stress the unsuitable staffing policies, which is, unfortunately, represented in a number of domestic business organizations, and which is generator of the broader social problems.

Authors and Affiliations

Бранка Золак Пољашевић, Гордана Илић

Keywords

Related Articles

PRIVATISATION – KEY LINK FROM SOCIALISM TO CAPITALISM

The transition process is multidimensional; the overall purpose being the social and economic re–arrangement with privatisation being a key factor. In essence, the transition involves the rejection of the bureaucratic ec...

The new regulation of rating agencies and its influence on financial markets

The crisis in global financial markets, in the last year, has evolved into a crisis of the euro zone. In the countries of the European Union, especially in political discussions of “Euro-politicians” rating agencies are...

Implementation of the CAPM Model in Equity Price Determination in the Republic of Srpska

CAPM (Capital Assets Pricing Model) has been developed by William Shape, John Lintner and Jan Mossion in the early 1960s, on foundations of earlier works of Harry Markowiz and the model it self is in the core of economic...

Non-Life Insurance and Economic Growth: the Case of Bosnia and Herzegovina

Vector autoregressive (VARX) models with exogenous variable are commonly used for macroeconomic analyses. They can also be used for examining the relation between non-life insurance and other macroeconomic parameters. Ti...

Knowledge based innovations in modern entrepreneurship

J.A. Schumpeter was the first one to relate the term innovation with the term entrepreneurship. He found innovation to be the only source of pure profit created by the entrepreneurs. The entrepreneurs estimate ideas that...

Download PDF file
  • EP ID EP43832
  • DOI https://doi.org/10.7251/ACE1625009P
  • Views 280
  • Downloads 0

How To Cite

Бранка Золак Пољашевић, Гордана Илић (2016). Empirical Research into the Relationship Between the Employment Process and Business Performance. Acta Economica, 14(25), -. https://europub.co.uk/articles/-A-43832