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The "suite" smell of success: complementary personnel practices and firm performance

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How do personnel practices affect firm performance?To examine this issue we use a panel of over 1,500 New Zealand firms, drawn from a diverse range of industries.The panel comprises respondents to official surveys of management practices in 2001 and 2005. These surveys ask a wide range of comparable qualitative questions covering organisational practices including human resource management (HRM). To this panel, we link longitudinal firm performance data from Statistics New Zealand's Longitudinal Business Database. We find that suites of complementary HRM-related practices impact positively on firm productivity and wages; effects on employee turnover depend on the practices considered.

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Paper provided by Reserve Bank of New Zealand in its series Reserve Bank of New Zealand Discussion Paper Series with number DP2009/13.

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Length: 38 p
Date of creation: Dec 2009
Date of revision:
Handle: RePEc:nzb:nzbdps:2009/13

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Cited by:
  1. Fabling, Richard & Maré, Dave C., 2013. "Firm-Level Hiring Difficulties: Persistence, Business Cycle and Local Labour Market Influences," IZA Discussion Papers 7534, Institute for the Study of Labor (IZA).
  2. Greene, Francis, 2012. "Should the focus of publicly provided small business assistance be on start-ups or growth businesses?," Occasional Papers, Ministry of Economic Development, New Zealand 12/2, Ministry of Economic Development, New Zealand.
  3. Richard Fabling & Arthur Grimes & David C. Maré, 2012. "Performance Pay Systems and the Gender Wage Gap," Working Papers, Motu Economic and Public Policy Research 12_13, Motu Economic and Public Policy Research.
  4. Fabling, Richard & Sanderson, Lynda, 2013. "Exporting and firm performance: Market entry, investment and expansion," Journal of International Economics, Elsevier, Elsevier, vol. 89(2), pages 422-431.
  5. Richard Fabling, 2011. "Keeping it Together: Tracking Firms on New Zealand’s Longitudinal Business Database," Working Papers, Motu Economic and Public Policy Research 11_01, Motu Economic and Public Policy Research.

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