Abstract
In this paper, we have studied the range of Strategic Human Resource Management (SHRM) practices prevalent in the Indian IT industry through content analysis of the Chairperson's speech and Directors' report in the annual reports of 100 IT companies. A scale for strategic human resource practices is developed based on the literature and the SHRM practices prevalent in the Indian industries. This scale was then used to study the extent of SHRM in 100 IT companies. Factor analysis yielded three key facets of SHRM- Employee Growth, Performance Management and HR metrics. Performance Management is significantly correlated with the firm's market performance measured by Tobin's q.
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