Today organizations face a high competitive situation. Hence competitive advantages are critical for the success of the organizations. Managing the human factor as a source of competitive advantage falls in the domain of Strategic Human Resource Management.This study was conducted to determine the factors influencing the practice of Strategic Human Resource Management. A self-developed research model was tested through the study. The model illustrated Strategic Human Resource Management as the dependent variable and there were seven independent variables. Survey method was used as the method of data collection. All listed companies of Sri Lanka (242) were investigated. Thus, no sampling was required. The questionnaire with self-addressed envelope was mailed to each organization. The unit of analysis was Head of the HR in the organization. 161 Heads of HR responded to the survey. Collected data were analyzed by using the software SPSS version 11.0. The analysis included univariate, bivariate and multivariate analyses to achieve set objectives and to test hypotheses of the study. Pearson correlation, independent sample t-test and multiple regression analysis were used to test hypotheses and descriptive statistics were used to do univariate analysis. The study found that there were positive relationships between top management support, size of the organization, age of the organization, and practice of SHRM in Sri Lankan listed companies. The univariate analysis of the study reveals that there was moderate level of SHRM practice in Sri Lankan listed companies. The findings of this study contribute to Strategic Human Resource Management literature, and have some key messages for policy makers of Sri Lankan listed companies.
Keywords: Organization Related Factors, Practice of Strategic Human Resource Management
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Department of Human Resource Management
University of Sri Jayewardenepura, Sri Lanka