HR Practices, Risk Management, Planning and Employees Perceived Performance of Family-Owned Businesses

This study determined the relationships of human resource practices, human resource risk management practices, human resource planning practices and employee perceived performance in family-owned businesses in General Santos City a highly urbanized city in the Philippines. The study used quantitative and qualitative research methods. Descriptive survey and correlational design were used employing quantitative method. The data were gathered through 300 respondents. Key Informant Interviews were conducted to corroborate the discussion of the results of the study as the qualitative data. The data gathered were analyzed through frequency, percentage, weighted mean, spearman correlation, and multiple linear regression analysis. The findings of the study revealed that there is low positive correlation between human resource practices and employee perceived performance (Ho1). There is a low positive correlation between human resource risk management practices and employee perceived performance (Ho2). There is a significant moderate positive correlation between human resource planning practices and employee perceived performance (Ho3). Human resource practices, human resource risk management practices, human resource planning practices have significant effects on employee perceived performance (Ho4). Given the overall results, the local and national agencies such as may refer to the results of this study and may come up with a policy revision exclusively for the family-owned businesses. The human resource management and development program which are formulated based on the findings of the study should be adopted by the family-owned businesses in General Santos City.