Abstract
Human resources practices are the essential elements for high organizational performance and attain recent researchers' focus. Therefore, the current study aims to examine the role of human resource practices such as selection, training, and compensation on the firm performance of Malaysia's palm oil industry. The examination of mediating role of organizational learning capabilities and the moderating role of organizational support among the nexus of human resource practices and firm performance of palm oil industry in Malaysia is also part of the study's objectives. The data has been collected by using questionnaires, and PLS-SEM was used for analysis. The results revealed that all the predictors such as selection, training, and compensation have positive nexus with firm performance. The results also exposed that organizational support moderated the nexus of selection, training, and firm performance while organizational learning capabilities have positively mediated the nexus of selection, training, compensation, and the palm oil industry's performance in Malaysia. These findings are valuable for the policymakers who maintain the regulations related to the human resource practices that enhance firm performance.
Highlights
Any business firm's primary objective is to show superior performance and exceed the competitors in the market
It can be said that the selection of suitable candidates for the vacant job position imparts positive influences on the firm’s overall performance
The paper analyses that the provision of compensation benefits to the employees for their well-being results in the firm's overall superior performance
Summary
Any business firm's primary objective is to show superior performance and exceed the competitors in the market. In the palm oil industry, human resources' crucial role cannot be denied as it is the workforce that performs function from the exploration, acquisition, cleanliness of palm to its distribution in the market. This study addresses three significant human resource management practices, such as selecting employees, training, and compensation to employees. The selection of human resources for business firms is a significant process because hiring adequate resources can help the firms gain superior performance. The employees' periodical training creates the required skills in them for doing their jobs qualitatively and effectively, which results in the firm’s superior performance (Delery & Roumpi, 2017). Malaysia's palm oil industry is growing rapidly, which effective selection and training of employees and right compensation to the employees
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