Human Resources Management (HRM) is consensually considered to be a management field, able to bring strategic contributions to organizations (Friedman, 2007). HRM is concerned with effectively using the assets of human resources for the attainment of organizational goals and the continued viability and success of the organization (Wright et al., 1990, p. 4). The literature evidences have confirmed the relationship between HRM and organizational success (Pfeffer, 1995; Huselid et al., 1997; Becker et al., 2001; Stavrou and Brewster, 2005; and Baron and Armstrong, 2007). Indeed, a notable body of research has emerged that shows that human resource practices collectively do contribute significantly to organizational performance (Huselid, 1995; Huselid et al., 1997; Becker and Huselid, 1998; and Youndt and Snell, 2004).
The companies will benefit from adopting the ‘best practices’ in the way they manage people (Delery and Doty, 1996; Delery, 1998; Boxall and Purcell, 2000; Colbert, 2004; and Becker and Huselid, 2006). In fact, to remain competitive and maximize the utility of their human resources, it is often necessary for an organization to utilize the ‘best practices’ of HRM. Recently, there is an indication that it is not best practices that matter, but the combination of HRM practices that fit the firm strategy. In this study, we are examining some HRM practices as selection, training, performance appraisal, career opportunities, rewards and recognition.
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