The role of human resource management on employee performance and financial productivity

Economic Annals-XXI: Volume 208, Issue (3-4), Pages: 10-14

Citation information:
Elmirzaev, S., & Tursunova, N. (2024). The role of human resource management on employee performance and financial productivity. Economic Annals-XXI, 208(3-4), 10-14. doi: https://doi.org/10.21003/ea.V208-02

Samariddin Elmirzaev
PhD (Economics),
Professor,
Head, Department of Investments and Capital Market,
Banking and Finance Academy of the Republic of Uzbekistan
16 Movarounnahr Str., Mirzo Ulugbek District, Tashkent, 100000, Uzbekistan
samar101127@bfa.uz
ORCID ID: https://orcid.org/0000-0002-4493-6316

Nargiza Tursunova
PhD (Economics),
Department of Investments and Capital Market,
Banking and Finance Academy of the Republic of Uzbekistan
16 Movarounnahr Str., Mirzo Ulugbek District, Tashkent, 100000, Uzbekistan
ntursunova@bfa.uz
ORCID ID: https://orcid.org/0009-0006-6189-0475

The role of human resource management on employee performance and financial productivity

Abstract. In the challenging environment of the new age, in the field of competition in the markets, one of the components that increase success for companies is to focus on the task of strategic human resource management (HRM), which gives the company a competitive advantage. In the meantime, human resources are more important due to their limitations and information resources due to their importance in making correct decisions. The objective of this study is to analyze the relationship between human resources management and financial productivity and employee performance of current companies in the stock market of Uzbekistan in 2023. Descriptive and inferential statistics from SPSS software were used for data analysis. In this research, 255 people completed the questionnaire completely. The present study showed that there is a positive and high correlation between strategic planning of human resources and employee performance, and with the increase of strategic planning of human resources in the organization, the level of employee performance and therefore the financial efficiency of the company also increases.

Keywords: Employee Performance; Financial Productivity; Company Performance; Stock Market; Human Resource

JEL Classifications: Е24; Е41; Е64; I18; J28; J31

Acknowledgements and Funding: The authors received no direct funding for this research.

Contribution: The authors contributed equally to this work.

Data Availability Statement: The dataset is available from the authors upon request.

DOI: https://doi.org/10.21003/ea.V208-02

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Received 9.12.2023
Received in revised form 22.01.2024
Accepted 20.01.2024
Available online 28.04.2024