Ma. Huselid, THE IMPACT OF HUMAN-RESOURCE MANAGEMENT-PRACTICES ON TURNOVER, PRODUCTIVITY, AND CORPORATE FINANCIAL PERFORMANCE, Academy of Management journal, 38(3), 1995, pp. 635-672
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.