Human Resource Practices and Employee Perceptions of Performance in the Pharmaceutical Industry
India's pharmaceutical market is currently valued at $50 billion. Over 200+ countries are served by Indian pharmaceutical exports, making India a significant pharmaceutical exporter. Human resource management encompasses a wide range of procedures such as compensation, promotion, and performance evaluation. The goal of this study is to see how these three human resource practices affect perceived employee performance.
Examine the socio-demographic profile of pharmaceutical company employees and investigate the impact of employee performance on pharmaceutical company human resource management practices.
Overview is overseen in different pharma firms in Chennai and is led with an example of 150 representatives working in drug organizations in Chennai and used Friedman's chi square test.
The estimated significance value is 0.403, which is greater than 0.05, directing the acceptance of the null hypothesis and stating that practices for training and development have no significant differences in employee performance.
The study's findings shed light on the significance of effective HRM practices in contributing to improved organizational performance. According to the findings of this study, effective HRM practices have a significant impact on employee satisfaction in an organization. It demonstrates that employees have a clear job description that includes all of the duties that they perform, that employees are encouraged to form teams in order to solve their individual problems, and that firms make an effort to solicit workers' opinions and ideas. Employee job satisfaction is influenced by factors such as compensation, employee participation, and performance evaluation.