HRM is to maximize the productivity of an organization by optimizing the effectiveness of its employees. Managing Human Resources is an amazingly challenging assignment as compared to overseeing capital or managing technology. HRM practices refer to organizational exercises coordinated at overseeing the destitute of human Resources and guaranteeing that resources are employees towards the fulfillment of organizational products. Employee’s turnover is the contrast between the rate of representatives clearing out a company and modern representatives filling up their positions. As the world advance towards globalization, this has ended up a genuine issue which has laid serious effects on productivity as well as corporate financial performance. The productivity could be a degree of amount and quality of work done, in connection to the resources expended.
This paper is a Try to distinguish the most excellent Human Resource Management practices pertinent to Sudanese environments and analyze their positive impacts on labor turnover, productivity and corporate financial performance.
• To recognize the foremost common and proven HRM practices within the development industry, and recognizing the impacts of these practices over turnover, efficiency and corporate performance.
• To prescribe appropriate alternatives in arrange to address these three components.
• What are the impacts of HRM practices on Productivity of a company?
• What are the likely courses of activities or alternatives accessible to address these issues?
• What are the impacts of HRM practices on Productivity of a company? • How HRM practices influence corporate money related performance?
• Hypothesis 1a: employee turnover and productivity will intercede the relationship between framework of high performance work practice and corporate financial performance.
• Hypothesis 1b: framework of high performance work practice will decrease representative turnover and increase productivity and corporate financial performance.
• Hypothesis 2: arrangement of firm’s framework of high performance work practice with its competitive methodology will reduce representative turnover and increase productivity and corporate financial performance
• Hypothesis 3: commentaries or synergies among high performance work practice will decrease representative turnover and increase productivity and corporate financial performance.
Human Resource is a very essential component for an organization in terms of labor turnover, productivity as well as financial growth of an organization. Similarly good Human Resource management practices play a pivotal role in employee’s retention and their productivity. (Peer-Olaf Siebers,et al-2008). There are numerous factors and factors which influence this aspect, like inadequate incentives, inadequate wages, salaries or allied benefits, poor reward system and lack of health and safety facilities. (Esra NEMLI-2010–Choi Sang Long et al, 2012) Employees get frustrated due to imbalance in the work and their personal life and fail to render optimum performance (Mourad, 2011-Ayesha et al, 2012). Occasionally it has also been observed that job stress and unfair testament by the HR department or manager demotivates the even talented employees. Those organizations which do not evolve and implement human recourse plan (HRP) often expedience HR related issues (Patrick M. Wright et al, 2012). Consequently people cannot acquire professional development through training, mentoring or coaching. Thus the work force faces issues like; boredom or lack of challenge in the work environment (Rosemond Boohene et al, 2011-Shri Chimanbhai Patel et al, 2012). As a result of globalization new corporate companies or organization can not absolve themselves from corporate social response (CSR).
In search of a research framework for studying the relationship between human resource management practices and firm performance, there were two main objectives. The first objective concerned the need to clarify some of the theoretical approaches mentioned above, the second objective is a challenge to integrate the new guidelines on human resource management function in business performance issues, or, as Ulrich (1998), isn’t so important that makes human resource management function, but contribute to overall company results. Examination of human resource management practices enables professionals to focus on some real business and the added value of the firm (Ulrich, 1997). Theories on business strategy, finance, economics, psychology (Becker and Huselid, 1998) have contributed substantially to the development of huge interest to human resource management practices that contribute to organizational effectiveness.
To compete in today’s world (in 21 century) the set organizations need to invest in the development of their human resources to continuously update the skills, knowledge and work practice of employees. Researches point out that investment in training programs of employees increase the firm performance. The training; development is basically refers to a process to improve the current and future skills, knowledge of workers (Abdalkrim, G.M., 2012) Organizational Performance: As (Mohamad, A.A., M. Chiunlo and M. Kingla, 2009) said that Organizational performance has been researched in the past broadly. Some of the points which decide organizational performance are Output/productivity Profitability Turnover.
A study of this type presents a number of data collection challenges. It requires as broad a sample as possible and the same time it requires that each data point provide comprehensive information on both organizational human resources practice and strategies and firm-level performance.
For data collection, Self-administered questionnaire will be use to collect information to spare time and money. Primary data will be collected through surveying and secondary information will be assembled from past studies from books and research articles. And data analysis the data will be treated and analyzed in the SPSS software. Characteristics will be analyzed using Mean, Variance and Standard Deviation. Research sampling. This research was carried out in 20 companies that decided to take an interest within the experimental research. Considering that the inquire about issue of this study is exceptionally particular since it analyzes two exceptionally sensitive dimensions of company’s operations – work fulfillment and the company’s productivity, turnover, and corporate financial performance it was troublesome to draw in a bigger number of companies to this research.
The study is limited to geographical areas, which in Khartoum state. And include the 20 companies that decided to take an interest within the experimental research.
After data analysis and clarifying the result of the interviews, generalizing the result over the 20 companies located in Khartoum state, the conclusion will tell us about the Impact of Human Resources Management Practices on Turnover, Productivity and Corporate Financial Performance, the duration of the study will be eleven months for refining problem statement, objectives, research questions, and hypothesis, design test interviews, data collection, editing, analysis, and report writing.