Innovative Human Resource Management and Corporate Performance in英文精品课件.pdf

Innovative Human Resource Management and Corporate Performance in the Context of Economic Liberalization in India Ashok Som Associate Professor Management Area ESSEC Business School, Paris Avenue Bernard Hirsch - B.P. 50105 95021 Cergy-Pontoise Cedex France Tel: + 33 (0)1 34 43 30 73 / 3309 (O) Fax: + 33 1 34 43 36 90 Mail: SOM@essec.fr Innovative Human Resource Management and Corporate Performance in the Context of Economic Liberalization in India Abstract The Indian economy was forced to adopt a structural adjustment program in the beginning of 1991. The structural adjustment program or liberalization initiated the process of the opening up of an otherwise closed economy of India. Liberalization created a hyper-competitive environment and to respond to this turbulence, Indian organizations adopted innovative changes in their HRM practices. Current research shows that HRM practices are important for enhanced corporate performance but little has been reported on the effect of HRM practices and corporate performance in the context of economic liberalization of India. This paper tried to understand the role of innovative HRM practices and specifically questions how HRM practices, like the role of HR department, recruitment, retraining redeployment, performance appraisal and compensation enhance corporate performance during the change process. A multiple-respondent survey of 69 Indian organizations was undertaken to study the impact o