New Models of High Performance Work Systems - Equality Authority

new models of high performancework systems38 >Employee Turnover rates can be considereda useful proxy indicator of employee wellbeingin the company. In this research, themeasure of employee turnover rates wastaken from responses to the following surveyquestion: “Please estimate your annualvoluntary employee turnover rate (percentwho voluntarily departed your organisation).”This question was asked separatelyfor both categories of employees (Group Acomprised production, maintenance, serviceand clerical employees; Group B comprisedexecutives, managers, supervisors and professional/technicalemployees). A weightedaverage of these separate estimates wascomputed to represent the overall averagerate of employee turnover for each company.4.3 HPWS Model 1 –High Performance through StrategicHuman Resource ManagementThe first High Performance Work Systemsmodel examined is the SHRM model.NCPP research data from 2004 has alreadyestablished the association between SHRMand outcome measures including profitability,innovation, labour productivity andemployee turnover.Similar analyses on the current data againdemonstrate the association between SHRMand higher labour productivity and workforceinnovation and lower employee turnoverrates, with greater use of SHRM accountingfor 12.4% variance in labour productivity(p