A Strategic Approach to Human Resource Management Practices

In the era of competition, the age old theory of co-existence in peace has lost its relevance.This study comprehensively evaluated the links between systems of High Performance Work Practices and firm performance. Results based on a national sample of nearly one thousand firms indicate that these practices have an economically and statistically significant impact on both intermediate employee outcomes (turnover and productivity) and short and long-term measures of corporate financial performance. Support for predictions that the impact of high performance work practices on firm performance is in part contingent on their interrelationships and links with competitive strategy was limited. The present inquiry is a case study of Delta Paper Mills Limited, one of the major papers Industry in Andhra Pradesh.