Hello All, I am an HRM master's student. Currently, I'm working on my final project about "The impact of HR on firms' Productivity and Financial Outcome."
Major Questions
The major questions I'm trying to answer are:
• Is there a correlation between HR practices and firms' productivity and financial performance?
• Is there an impact of strategic human resources management on firms' performance?
• Can HR effectiveness be measured? How and why?
I am trying to develop survey questions that can help me answer the above questions. I would really appreciate your suggestions. I only need 5 or 6.
Thanks!
From United States, Fairfax
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Major Questions
The major questions I'm trying to answer are:
• Is there a correlation between HR practices and firms' productivity and financial performance?
• Is there an impact of strategic human resources management on firms' performance?
• Can HR effectiveness be measured? How and why?
I am trying to develop survey questions that can help me answer the above questions. I would really appreciate your suggestions. I only need 5 or 6.
Thanks!
From United States, Fairfax
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Thanks for replying! I've read these articles and many more for the literature review section and I picked 8 which were scholarly and peer-reviewed. The major themes for this section are HR practices - SHRM, and HR measurements. I hear what you're saying, and that's why I'm asking for some help. The professor doesn't want a lengthy survey; she asked for not more than 6-7 questions. My problem is with such a topic, it's really hard to capture what other HR professionals think about the contribution of HR when I'm limited to a certain number of questions and a short time frame - the whole course is designed for 2 months.
So if you have any suggestions, please do.
Thanks
From United States, Fairfax
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So if you have any suggestions, please do.
Thanks
From United States, Fairfax
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I agree with Nash completely. Are you doing this for yourself or as part of a project for someone else? To cover the above aspects in 6-7 questions sounds... well, still, I can only point in a direction.
Correlation Between HR Practices and Firm's Productivity
Is there a correlation between HR practices and a firm's productivity and financial performance? Good examples would be the steel/aluminum sector in India. Yes, of course, there is a correlation between HR practices and a firm's productivity because, finally, the product and its outcome are governed not just by technology but by its human resources as well. Also, a company/production unit may not increase its productivity due to various reasons, but good HR practices would still increase efficiency, thus influencing the financial performance.
Measuring HR Effectiveness
To measure HR effectiveness, one needs to follow up on performance for a longer time and interpret the HR practices/initiation or introduction of new practices and the effect on its financial performance.
You need to understand that without some effort, you cannot get ready-made solutions. Follow some good recent case studies of HR practices. HR practices of Mahindra after its taking over Satyam, HR practices of Kingfisher Airlines, etc., are good case studies. I hope I have pointed out a direction for you.
From India, Delhi
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1Correlation Between HR Practices and Firm's Productivity
Is there a correlation between HR practices and a firm's productivity and financial performance? Good examples would be the steel/aluminum sector in India. Yes, of course, there is a correlation between HR practices and a firm's productivity because, finally, the product and its outcome are governed not just by technology but by its human resources as well. Also, a company/production unit may not increase its productivity due to various reasons, but good HR practices would still increase efficiency, thus influencing the financial performance.
Measuring HR Effectiveness
To measure HR effectiveness, one needs to follow up on performance for a longer time and interpret the HR practices/initiation or introduction of new practices and the effect on its financial performance.
You need to understand that without some effort, you cannot get ready-made solutions. Follow some good recent case studies of HR practices. HR practices of Mahindra after its taking over Satyam, HR practices of Kingfisher Airlines, etc., are good case studies. I hope I have pointed out a direction for you.
From India, Delhi
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Innovative HR Practices-.doc