ESTIMATING THE IMPACT OF HUMAN RESOURCE MANAGEMENT PRACTICES ON ORGANIZATIONAL PERFORMANCE

Abstract

The study aims to determine the key human resource management practices used by IT organisations in the Chennai region, as well as their impact on organisational performance. The researcher used a descriptive research design to conduct the investigation. A total of 81 IT organisations participated in the poll, which included team leaders, middle level, and higher-level managers. Data was collected from 486 respondents from the 81 companies chosen, with the sample size reduced to 462 after excluding unengaged respondents and missing datasets. The information was gathered through the use of a structured questionnaire and a basic random sample technique. Using the analysis performed, it was understood that the majority of the respondents were holding management positions at the bottom level in IT companies, also most respondents holding management positions were male. Furthermore, the factors herein considered for the study were found to be reliable for current and futuristic studies. The result of the analysis indicates there is no significant difference in the human resource management practices adopted by the IT companies in Chennai. The performance appraisal, selection & training and rewards & recognition system were found to be the important human resource management practices adopted by the IT companies in the Chennai region. Also, the result indicates there is no significant difference in the organizational performance among the IT companies in Chennai. The increased Profit, Development of New Products & Services and better productivity were important organizational performance resulting out of Human result management practices adopted by the IT companies in the Chennai region. The result of the regression illustrates that furthermore, factors need to be considered to forecast the organizational performance. But, the coefficient significance value exemplifies that there is a significant influence of Human Resource Management Practice on Organizational Performance a regression analysis is performed by transforming the dataset. Also, the path analysis performed exemplifies that important human resource management practices such as performance appraisal, selection & training and rewards & recognition system significantly influence the organizational performance by contributing to the development of new products and services as well as increased productivity, which would result in increased profit and better prospects of the IT Companies.