THE IMPACT OF HUMAN-RESOURCE MANAGEMENT-PRACTICES ON TURNOVER, PRODUCTIVITY, AND CORPORATE FINANCIAL PERFORMANCE

This study comprehensively evaluated the links between systems of High Performance Work Practices and firm performance. Results based on a n ational sample of nearly one thousand firms indicate that these practi ces have an economically and statistically significant impact on both intermediate employee outcomes (turnover and productivity) and short- and long-term measures of corporate financial performance, Support for predictions that the impact of High Performance Work Practices on fir m performance is in part contingent on their interrelationships and li nks with competitive strategy was limited.