Transcription of THE IMPACT OF HUMAN RESOURCE MANAGEMENT …
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Academy of MANAGEMENT Journal1995, Vol. 38, No. 3, 635 IMPACT OF HUMAN RESOURCEMANAGEMENT PRACTICES ON TURNOVER,PRODUCTIVITY, AND CORPORATEFINANCIAL PERFORMANCEMARK A. HUSELIDR utgers UniversityThis study comprehensively evaluated the links between systems ofHigh Performance Work Practices and firm performance. Resultsbased on a national sample of nearly one thousand firms indicate thatthese practices have an economically and statistically significant im-pact on both intermediate employee outcomes (turnover and produc-tivity) and short- and long-term measures of corporate financial per-formance.
The impact of human resource management (HRM) policies and prac-tices on firm performance is an important topic in the fields of human re-source management, industrial relations, and industrial and organiza-tional psychology (Boudreau, 1991; Jones & Wright, 1992; Kleiner, 1990).
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