HRM and Its Effect on Employee, Organizational, and Financial Outcomes in Organizations

Object: To study the impact of Human Resource Management (HRM) on employee outcomes, organizational, and financial performance. Methods: Both quantitative and qualitative data analysis methods were used. The sample included 500 employees from 100 organizations from various sectors such as manufacturing, healthcare, services and education. Data were collected through surveys and semi-structured interviews with managers and employees. Statistical methods, including regression and correlation analysis were applied using SPSS software. Results: The implementation of HRM practices improved labor productivity by 15 %, job satisfaction by 20 %, and reduced employee turnover by 10 %. There was strong correlation between HRM practices and job satisfaction (correlation coefficient of 0.70) and a negative correlation with employee turnover (-0.50). Company profits increased by 15 %, and personnel costs decreased by 10 %. Conclusions: Effective HRM practices such as employee recognition, motivation programs and continuous development contribute to increased productivity and strengthened organizational culture, leading to improved financial performance and lower turnover.

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Publication Details

Journal
BULLETIN OF THE KARAGANDA UNIVERSITY ECONOMY SERIES
Published
2024-09-28
DOI
https://doi.org/10.31489/2024ec3/101-111
Primary Topic
Human Resource and Talent Management
Type
article
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article

HRM and Its Effect on Employee, Organizational, and Financial Outcomes in Organizations

Aigul Alibekova, N.B. Kultanova, Gulnar Talapbayeva, Zhanat Yerniyazova
BULLETIN OF THE KARAGANDA UNIVERSITY ECONOMY SERIES
Human Resource and Talent Management
article

HRM and Its Effect on Employee, Organizational, and Financial Outcomes in Organizations

Aigul Alibekova, N.B. Kultanova, Gulnar Talapbayeva, Zhanat Yerniyazova
article en

Abstract

Object: To study the impact of Human Resource Management (HRM) on employee outcomes, organizational, and financial performance. Methods: Both quantitative and qualitative data analysis methods were used. The sample included 500 employees from 100 organizations from various sectors such as manufacturing, healthcare, services and education. Data were collected through surveys and semi-structured interviews with managers and employees. Statistical methods, including regression and correlation analysis were applied using SPSS software. Results: The implementation of HRM practices improved labor productivity by 15 %, job satisfaction by 20 %, and reduced employee turnover by 10 %. There was strong correlation between HRM practices and job satisfaction (correlation coefficient of 0.70) and a negative correlation with employee turnover (-0.50). Company profits increased by 15 %, and personnel costs decreased by 10 %. Conclusions: Effective HRM practices such as employee recognition, motivation programs and continuous development contribute to increased productivity and strengthened organizational culture, leading to improved financial performance and lower turnover.

BULLETIN OF THE KARAGANDA UNIVERSITY ECONOMY SERIESVol. 11529(3)
Alibaba Group (China) (CN)
Openalex Percentile: Top 77%
Human Resource and Talent Management
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