Solution) 7C002 Question 6 (AC2.2) People Management Practices with improved business performance
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Description
Question
There has been extensive research evidence that links people management practices with improved business performance. Selecting one piece of research, critically evaluate its main findings and identify three factors that need to be in place to create an environment that will maximise the effectiveness and impact of people management within organisations. Fully justify these with reference to your wider reading.
Solution
The selected piece of research in this area is by Bakator et al. (2019) which had focused on evaluating the impact of people management practices with improved business performance. This is a secondary research which focused on two hundred and twelve (212) articles. Through an elaborate inclusion and exclusion criteria, the authors had narrowed down to specific sources which had evaluated in-depth on the existing link of people management practices with an improved business performance. For this source, the findings evidenced that people management practices positively influence the overall employee wellbeing, productivity/performance and organisation climate. Nevertheless, the authors found that it is possible for the good HRM practices are not the only determinant of an increased organisation performance.
From the findings presented in Lumby (2019), it was evident that people management practices has a direct correlation on an improved business performance. These findings are collaborated by Mousa and Othman (2020) research which highlighted that an effective people management practices assists an organisation in leveraging on approaches of optimising their critical organisation resources. This is while at the same time ensuring that they are implementing different organisation policies, practices and increasing sustainable performance.
Further, despite Patterson et al. (1997) being an outdated study,…
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