IMPACT OF HUMAN RESOURCE MANAGEMENT ON BUSINESS PERFORMANCE: A REVIEW OF LITERATURE
Journal Title: Journal of Engineering Management and Competitiveness (JEMC) - Year 2019, Vol 9, Issue 1
Abstract
In this paper the influence of human resource management (HRM) on business performance is analyzed. The main goal was to thoroughly and systematically examine literature in the domain of HRM, and business performance that resulted in a concise review paper. A large body of literature addresses the HRM-business performance link, thus there was plenty of room for an extensive analysis of various articles. To be more precise, two hundred and twelve (212) articles were analyzed from which 187 were removed through several steps in the review process. The findings indicate that there is a positive relationship between HRM practices and overall business performance. In addition, HRM has a positive influence on employee wellbeing, productivity, and organizational climate. However, there is a possibility that good HRM practices are not the cause of good business performance, but vice-versa. This issue is addressed, and discussed further in this present article. Based on the gathered information, and obtained results, it is safe to suggest that this systematic review paper has a significant contribution to the existing body of literature. In addition, the paper can be used as a starting point for future research in the domain of HRM practices and their impact on business performance.
Authors and Affiliations
Mihalj BAKATOR, Nikola PETROVIĆ, Slađana BORIĆ, Nataša ĐALIĆ
THE ANALYSIS OF DIRECTIONS FOR IMPROVEMENT OF COMPETITIVENESS IN DOMESTIC HOTEL ENTERPRISES – STUDENTS ATTITUDES
Global market changes are forcing modern hotel enterprises to adjust their business in order to survive on the market by satisfying their end users. Serbian hotel enterprises have, in a certain extent, accepted new marke...
FLEXIBLE EMPLOYMENT FORMS IN DIFFERENT COMPANIES LOCATED IN BUDAPEST
Today, atypical employment, such as flexible forms of employment, has gained more important substantiality within work science researches. As a result of the economic crisis, the flexible employment form has appeared as...
CONSUMER EXPERIENCE AND THE ROLE OF PROMOTION ON THE MOBILE DEVICE MARKET
In this study, the influence of promotion and product quality on customers’ satisfaction was analyzed. The research was conducted via a survey. The goal of the paper was to define and analyze the correlation between vari...
THE IMPACT ANALYSIS OF DRINA REGATTA MANAGEMENT ON THE SERBIAN REGIONAL DEVELOPMENT
The purpose of this analysis is the indication of proper management in organization of a tourism event in the open space which requires detailed planning and strong coordination of all participants. This paper presents t...
USABILITY OF OPEN-SOURCE HARDWARE BASED PLATFORM FOR INDOOR POSITIONING SYSTEMS
The application of indoor location systems (also known as indoor positioning systems, IPS) has significantly increased in the past decade. Those systems find their role in the broad range of possible implementations, esp...