Green HRM and its Sustainability Towards Economic Growth
Bharti Meghani Mishra1, Manpreet Kaur Bhatia2, Amrita Chaurasia3
1Dr. Bharti Meghani Mishra, Assistant Professor, Medi-caps University, Indore, India.
2Dr. Manpreet Kaur Bhatia Program chair & Assistant professor Medicaps University, Indore, India.
3Dr. Amrita Chaurasia, Assistant Professor, Christ University Delhi India.
Manuscript received on 09 January 2021 | Revised Manuscript received on 21 January 2021 | Manuscript Accepted on 15 May 2021 | Manuscript published on 30 May 2021 | PP: 68-73 | Volume-1 Issue-1, May 2021 | Retrieval Number: 100.1/ijef.L16440891223 | DOI: 10.54105/ijef.L1644.01010521
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© The Authors. Published by Lattice Science Publication (LSP). This is an open-access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: By bringing together business and ecological aims, green HRM methods hope to encourage a more ethical work environment. This study looks at how sustainable economic development is connected to “Green Human Resource Management (HRM) practices.” This study presents a comprehensive methodology that analyses the effect of Green HRM’s many facets on cost reduction and resource efficiency in businesses. The research intends to assist businesses and governments in adopting HRM practices that are good for the environment and the economy by combining current literature and using empirical data. Objective: The research aims to determine the factors of Green HRM practices resulting in economic growth trajectory of organization. The study’s secondary objectives are to ascertain whether or not green HRM practices contribute to cost savings and resource efficiency, and whether or not they have any impact on economic development. Methodology: A survey among 100 respondents is conducted and data is collected by using Self- constructed questionnaire having 21 questions in total which are further divided into 5 variables. To find the determined factors, a model will be prepared using AMOS v21.Further the Regression is calculated to find out the impact of G-HRM on cost saving and resource efficiency. The Pearson’s correlation is calculated to find out the relationship among Green HRM and economic growth. Findings: The determined factors have a significant impact on Green HRM. Also, the Green HRM has a significant positive relationship with economic growth of an organization and it has a significantly positive impact on the cost saving and resource efficiency of the organization.
Keywords: Green HRM, Human Resource Management, Economic Growth, Cost Savings, Resource Efficiency
Scope of the Article: Economics