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Hrm Practice Essay

7071 Words29 Pages

Adoption of proper HR practice in Bangladeshi corporate firms: A tool for retaining best employees and increasing firm growth & performance Md. Sajjad Hosain
Senior Lecturer, Department of Business Administration,
Uttara University, Dhaka
E-mail: sajjad_hosain@yahoo.com

Abstract:
This elaborated study empirically developed the relationship between seven Human Resource Practices (job analysis, recruitment & selection, adequate job training facilities, opportunities for career development, compensation & benefit, managerial relationship with employees and degree of employee participation in decision making) and their tentative impact on employee retention and firms’ performance. The research was carried out with a sample size of 200 non-managers and 50 top level mangers of 25 public and private corporate firms in Bangladesh. Data were collected through questionnaires from the respondents. Results after careful statistical analysis shows that there is a positive but insignificant relationship between job analysis, management-employee relationship and participation in decision …show more content…

Therefore, we must understand the interrelationships between HRM Practices and employee turnover. These relationships for selected HRM Practices in this study are:

Job analysis: Job analysis is the base for all HRM activities. It is a process of obtaining information about jobs (McCormick, 1979). A proper conduction of job analysis and eventually providing employees with a proper job description prevents the complexities where the employees do not know what is expected from them to do. Job analysis is the basis on which all other HR activities are stood and have an impact on employee turnover in reality. Job analysis subsumes all other HR activities and therefore has a significant effect on employee turnover in general (Hoon et al.,

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