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HRM Practices Can Do the Miracles: A Case Study of Pharmaceutical Companies

Year: 2014
Type: article
Abstract: The main objective of this research was to discover the impact of HRMpractices on the financial and non-financial performance of the SMEsin Khyber Pakhtunkhwa (KP), Pakistan. The research used astructured questionnaire to collect the data. Target population of thisstudy was all the pharmaceutical companies of district Peshawar, KP.Quantitative data was analyzed by using PASW Statistics (Version. 18).The findings show that incentive practices, Teamwork, trainingprograms, performance appraisal and employees participation indecisions have significant impact on the financial and non-financialperformance of the small and medium enterprises of KhyberPakhtunkhwa. This research also shows that employees’ productivityhas improved while employees’ absenteeism has reduced due to thepositive perception of employees regarding HRM practices.
Language: English
Open Access status: diamond
OpenAlex ID: W2550005960
FWCI: 1.582
Cites: 50
Cited by: 2
Related to: 10