The Effect of Human Resource Management Practices on Corporate Performance: A Study of Graphic Communications Group Limited

Abstract

In developing economies such as Ghana, the influence of governments in state-owned entities renders many human resource management best practice principles ineffectual. Graphic Communications Group Limited (GCGL) is a state-owned entity. Its human resource practices can be crucial to its performance. The purpose of this study therefore was to assess whether GCGL’s human resource management practices, particularly recruitment and selection, performance appraisal, remuneration, and training and development practices influence its performance. Simple random sampling was used to select one hundred employees from GCGL. T-tests were carried out to examine the relationship between the selected HR practices and corporate performance. The results revealed that, from the perceptions of the respondents, there exists a positive relationship between effective recruitment and selection practices, effective performance appraisal practices and GCGL’s corporate performance. The research did not gather sufficient evidence to conclude on how remuneration, training and development practices influence GCGL’s performance. The study recommends that the management of GCGL continues to ensure that the company’s HR policy, effective recruitment and selection practices, as well as effective performance appraisal practices are upheld.