“…Human Resource Management Practices: Human resource may be defined as the pool of human capital under the control of the firm in a direct employment relationship (Wright et al, 1994), whereas HRM practices are the organizational activities aimed at managing this pool of human capital employed towards the achievement of organizational goals (Schuler & Jackson, 1987; Wright et al, 1999; Wright & Snell, 1991). The advocates of human capital management describe HRM practices as strategic levers employed by organizations to build workforce capabilities that are rare, inimitable, valuable and non-substitutable (Barney, 1991; Khatri & Gupta, 2015; Wernerfelt, 1984). HRM practices, if implemented properly, have the potential to produce competent, committed, motivated and satisfied employees, thereby resulting in enhanced individual and organizational performance.…”