This study is designed to empirically analyze of the effects of human resource management on performance and labor relation in Korea. For the analysis, it uses 2005-2009 Workplace Panel Survey (WPS) data-set. Empirical methods of this thesis is Random...
This study is designed to empirically analyze of the effects of human resource management on performance and labor relation in Korea. For the analysis, it uses 2005-2009 Workplace Panel Survey (WPS) data-set. Empirical methods of this thesis is Random Effect Model. The findings of this study were as follows. The company`s number of employees on the basis of company size, the more the higher current proceeds and operating profit. In the case of foreign companies, the larger company size, the lower turnover rate. On the other hand, in the case of domestic companies, even if the wage level is high turnover rate is higher. The turnover rate of domestic companies is not determined by a simple wage level, but it is assumed to be determined by the strength or environment. Working manpower system has been shown to enhance the current proceeds and operating profit in the case of domestic companies. The higher the ratio of female workers, the negative impact of the current proceeds and operating profit. Multi dimensional evaluation has been shown to enhance the current proceeds and operating profit in addition to labor relation. If the labor-management council in accordance with the LMC Act remains substantially, labor relations are amicable, and turnover rates are lower.