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Outline

HUMAN RESOURCE MANAGEMENT AND ORGANIZATIONAL PERFORMANCE

Abstract
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This research paper examines the relationship between Human Resource Management (HRM) practices and organizational performance. The background highlights the importance of HRM in enhancing organizational performance amidst changing economic demands due to globalization and market deregulation. The study aims to identify a positive correlation between HRM practices and performance, exploring aspects such as training, performance appraisals, and compensation as significant contributors to employee and organizational effectiveness. Key findings suggest that strategic HRM aligned with organizational goals can lead to competitive advantages and improved performance outcomes.

Key takeaways
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  1. Human Resource Management significantly influences organizational performance through strategic HR practices.
  2. The study establishes a positive correlation between HR practices and organizational performance at a 1% significance level.
  3. Performance appraisals (PA) exhibit the strongest correlation with organizational performance, estimated at 0.723.
  4. Strategic HRM practices include recruitment and selection, training and development, performance appraisal, and compensation.
  5. The research utilized a 23-item Likert-type questionnaire for data collection from HR managers in Bangladesh.