The Impact of International HRM Practice on Water Resources and Hydropower Company Performance; The Mediating Effect of Talent Management Practice
Keywords:
International HRM Practice, Talent Management Practice Mediating Effect, Water Resource and Hydropower Company PerformanceAbstract
Belt and Road Initiative (BRI) promoted the energy sector cooperation between Lao PDR and China, especially in the water resources and hydropower sector. The development and growth of water resources and hydropower companies in Laos motivated the Lao Human Resources to consider the International Human Resource Management Practice (IHRMP) and Talent Management Practice (TMP) for driving efficiently and effectively in such a sector. This study aimed to determine the impact of the International Human Resource Management Practice on water resources and hydropower company performance with the investigation of TMP effect, which is mediates the linkage between IHRMP and water resources and hydropower company performance (WHCP). A quantitative research method was applied with a 400-sample questionnaire distributed to hydropower companies. Correlation and regression analyses simulated on SPSS software were applied to investigate the relationship between IHRMP, TMP, and WHCP and also the mediating effect of TMP. The significant positive relations between IHRMP and WHCP, TMP and WHCP, and IHRM and WHCP were found from the correlation analysis results which showed the acceptable research framework hypotheses. From regression analysis results, IHRMP impacted the variation in WHCP and TMP by 42.2% and 61.1%, respectively, while both IHRMP and TMP impacted the variation in WHCP by 65.4%. The mediating effect of TMP was also investigated from regression analysis, in which the TMP can mediate strongly and significantly relationship between IHRMP and WHCP. Another analysis like Structural Equation Modelling (SEM) simulated on AMOS was recommended to be used in the future study to compare with the correlation/regression analysis simulated on SPSS for effectively and efficiently proving and confirming the simulation results.
Keyword: International HRM Practice, Talent Management Practice Mediating Effect, Water Resource and Hydropower Company Performance.
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