Human Resource Management Practices: an Analytical Investigation of Recent Literature

Human Resource is the most important asset for any organization and it is the source of accomplishing aggressive advantage. Managing human resources is very demanding as compared to managing technology or capital and for its successful management; organization needs a successful HRM system. HRM system should be backed up by sound HRM practices. HRM practices pass on to organizational activities directed at managing the group of human resources and ensuring that the resources in employment towards the achievement of organizational aims. This study has been designed to review the existing literature available on HRM Practices. The purpose of this study is to develop an understanding of HRM Practices and to study the unique HRM practices implemented by different organizations. The research methodology of this research paper will be descriptive research. The data has been collected through secondary method, to use the journals, books, research papers etc. After reviewing the existing literature on HRM practices, the researchers have found that HRM practices get affected by directly or indirectly as well as external and internal factors which affect other variables such as employee and employer relations, employee's attitude, financial performance, employee productivity etc. and ultimately contribute to the overall performance of organizations.