IIARD International Journal of Economics and Business Management (IJEBM )
E-ISSN 2489-0065
P-ISSN 2695-186X
VOL. 2 NO. 7 2016
Magnus, M. Ofondu and Agu Godswill Agu, PhD
The practice of human resource management is increasingly becoming the central focus in every organization, given the fact that effective human capital is one of the best practice weapons for better corporate positioning in today’s competitive world. The purpose of this work therefore is to assess the effect of human resource management practices on organizational performance with particular reference to PZ Cussons Plc. Aba and Nigerian Breweries Plc. Ama, Enugu. To achieve this purpose, a survey design was adopted using the simple random sampling technique on a sample size of 146. Descriptive and inferential statistics were used to analyze and test six hypotheses. The results of the Spearman Rank Order Correlation Coefficient in SPSS version 20 reveals that human resource management (HRM) practices (planning, recruitment and selection, training and development, performance management, employee relations and compensation/incentives) are significant correlates of organizational performance. The study recommends that organizations, irrespective of size and type, should embrace effective HRM practices to improve corporate performance and global competiveness. This requires a strategic focus by recognizing emerging trends introduced by technological explosion and sophisticated competition which affects modern HRM practices.
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