The Role of Strategic Human Resource Management Practice on Organizational Effectiveness; in the case of Nile Insurance Company S.C
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Date
2020-06
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Addis Ababa University
Abstract
The purpose of this study is to investigate the role of strategic human resource management practice on organizational effectivness in the case of Nile Insurance Company S.C. Out of 160 target population a sample size of 115 was taken using Guilford and Flruchter (1973) formula and responses of 115 employees were analyzed. The data collected from the survey was analyzed by SPSS and presented in the form of descriptive statistics, Pearson correlation and Regression Analysis. The levels of SHRM practices on OE were medium. The result of Person correlation coefficient analysis shows a positive significance correlation between each SHRM practice with organizational effectiveness in Nile Insurance Company. Furthermore, the regression result shows that the predictive power of SHRM practices on organizational effectiveness were significant. Therefore, the study concluded that Strategic HRM practice has a significant influence on organizational effectiveness, SHRM are moderately practicable in an organization. There is a positive correlation between SHRM and Organizational Effectiveness. The study recommended that organizations should give great emphasis on Strategic HRM practices so as to yield higher organizational effectiveness. The organization should give attention to the placement system hence, OE will increase whenever the requirement and placement process matches with skills and competency of the candidate. To come up with the organization effective on the dimensions of Balanced Score Card (BSC) should work on human capital and assign an employee at right place
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Keywords
Strategic Human Resource Management, Organizational Effectiveness, Balanced Score Card