HRM and Organizational Performance

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The overall performance in the context of organization is not only concerned as a broad concept which has been used synonymously with productivity, efficiency, effectiveness and most recently competitiveness.

Due to the rapidly changing economic environment that has been heavily characterized by phenomena as the globalization and the deregulation of international markets, with constantly changing customer preferences and their mindsets companies are now becoming more and more competitive in order to survive in the global market. In order to compete in the global market they have to constantly improve their performance by reducing their costs, putting more efforts in improving their products, making investments in R&D departments and improve quality, productivity, and overall speed to the market. In organizational performance Human Resource plays a very important and significant role, they are the key for organizations