Human Resource Management Practices and Organizational Competitive Advantage: A Survey of Earlier Researches

Samta Chaudhary, Dr. Dalbir Singh

Abstract: In todays organizations; human resources; their skills; knowledge and competencies as well as synergy among them; become the most valuable asset; the new source of wealth; and the key ingredient of competitive advantage. In other words; in a world in which all work is knowledge work and intellectual capital is very important for economic success; it is very much logical to state that the ability to attract; retain; and use the talents of people provides a competitive edge to most of the organizations. The aim of this paper is to identify the relationship between human resource management practices and competitive advantage of organizations. This paper identifies a positive relationship between human resource management practices and organizational competitive advantage. And also finds that human resource management practices in modern organizations have two very important roles; one is to foster the performance of an organization and the other is to act as a support for achieving competitive advantage through people

Keywords: human resource management practices, HRM, HRM practices, organizational competitive advantage, organizational performance