NEXUS BETWEEN HRM PRACTICES AND EMPLOYEE'S PERFORMANCE: CASE OF MICROFINANCE INSTITUTIONS

The study is envisioned to emphasize the importance of Human Resource Management in business and commercial fields. The other significant intention for proceeding in this particular topic is the potential opportunities for the employees in the particular market regarding the analysis of their cerebral and scholarly administrative skills that can be enhanced and improvised according to the need of the hour in the competitive market for professionals. The organizations not proficient in withstanding the satisfaction graph of the employees are often left with fewer margins for error that in result becomes a question mark for the good will of the company and its reputation in the market. Consequently, the increasing importance of HRM and its involvement of practices in the organization to make employees engaged, retained and happy with the organization it is chosen for in-depth study and further understanding regarding its impact on the organization. The policies of HRM discussed in the study includes recruitment and selection, training and development, incentive compensation, performance appraisal and employee participation the dependent variable has been explained cautiously and scrupulously by reconnoitering the determinants, impact of its factors and the requirement of HRM policies in the organization for growth to perform on economic and financial levels.