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Influence of human resource planning on performance of firms listed in the Nairobi Securities Exchange in Kenya

Dorcas Kiai, Peter Lewa and James Karimi
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Dorcas Kiai: School of Business, United States International University, P.O. Box 14634 -00800, Nairobi, Kenya
Peter Lewa: School of Business, United States International University, P.O. Box 14634 -00800, Nairobi, Kenya
James Karimi: School of Business, United States International University, P.O. Box 14634 -00800, Nairobi, Kenya

International Journal of Research in Business and Social Science (2147-4478), 2019, vol. 8, issue 5, 54-61

Abstract: The study sought to determine the influence of human resource planning on firm performance of firms listed in the Nairobi Securities Exchange in Kenya. The study was anchored on human capital theory and shareholder value maximization theory. The research design used was a cross-sectional survey while the study population constituted all the 68 listed firms at the Nairobi Stock Exchange (NSE) as in May 2017. The target population included the head of human resources and finance directors in all the listed firms. The sample size comprised of 136 respondents, and data was collected through structured questionnaires to meet the objectives of the study. Responses were tabulated, coded, and processed by the use of a computer Statistical Package for Social Science (SPSS) to analyze the data. Both descriptive and inferential statistical techniques were used to analyze the data. To test hypotheses, a simple linear model was used to test significance between the independent and dependent variable. The study findings revealed that the relationship between human resource planning and firm performance was positive and statistically significant and hence rejected the null hypothesis. The study concluded that the type and strategy of the firm, succession planning, matching skills with jobs and skills inventory are human resource planning indicators influencing the performance of firms listed in the NSE. It is therefore recommended that firms should continue to practice and maintain adequate human resource planning as it plays a fundamental role in achieving the objectives of the organizations. Key Words:Human Reseources, Human Resouce Planning, Firm Performance, Nairobi Stock Exchange

Date: 2019
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International Journal of Research in Business and Social Science (2147-4478) is currently edited by Umit Hacioglu

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