Influence of Human Resource Practices on Thai Pharmaceutical firm Performance with moderating role of Job Involvement

Abstract

Chutikarn Sriviboon, Kittisak Jermsittiparsert

Better business performance is necessary for the survival of business. It is necessary for the organizations to understand the factors that influence their business operations and adopt the appropriate strategies to enhance their performance and compete with their rivals. Thus, this study aimed to examine the role of HR practices (Selection, Compensation, Training and development) in organizational performance of Thai pharmaceutical firm. This study alsoenvisioned to test the moderating role on the relationship of HR practices with organizational performance of Thai pharmaceutical firm. To test the proposed relationship, the data was collected from the 300 employees of Thai pharmaceutical firm by using survey questionnaire. This study adopted cross-section method for data collection and data was collected in one shot.Collected data was analysed by PLS software for hypotheses testing. Findings of this study revealed that HR practices are crucial for the performance of Thai pharmaceutical firm. Implementation of HR practices significantly could enhance the performance of pharmaceutical firm. Furthermore, study also found significant moderating role job involvement on the association of HR practices with organizational performance of Thai pharmaceutical firm. Findings of current study offer fresh insight on HR practices and firm performance. Findings also provide assistance to policymakers and HR practitioners of pharmaceutical firms in recognising that business success depends on the organization’s HR practices and involvement of employees in their jobs.