Human Resource Management Practices and Its Effect on Employees’ Job Satisfaction: A Study on Selected Small and Medium Sized Iron &Steel Firms in India

Abstract

This study attempts to explore the impact of HR practices on employees' job satisfaction in the context of selected iron and steel firms of India. A total of 45 responses from 17 small and medium sized manufacturing firms were collected and analyzed objectively. It was found that factors like performance appraisal, participation in decision making, training and development, empowerment, compensation influencing human resource management( HR) practices have significant association with job satisfaction (JS). In addition, performance appraisals, participation in decision making are found to have high positive impact on job satisfaction (JS). It has also been found that other elements like training and development, empowerment, compensation have substantial impact on employees' job satisfaction. But, job rotation, self-directed work teams, recruitment and selection have very negligible impact on job satisfaction as their respective t statistics are insignificant.

Key words: HRM, HR Practices, job satisfaction, iron &steel, industry, India.