Organizational performance is a multifaceted concept (Paauwe, 2004). Within the HRM literature, Dyer and Reeves
(1995) use four dimensions to describe indicators of organizational performance: human resource outcomes,
organizational outcomes, financial or accounting outcomes and stock-market performance indicators It was
explained by Stankard (2002) not to mean the performance of the single parts or units of the organization but the
product of all interactions taking place in the organization