Labour productivity is one of the most important conditions for successful existence of enterprises in the market. The productivity of the company is made up of the productivity of individual employees (labour productivity), and that is influenced by a number of factors. The paper deals with the influence of selected factors of human resource management on the labour productivity in small and medium-sized enterprises in South Bohemia. The factors chose for this article are the following: the importance of education of employees for the management of enterprise, the number of improvement´s proposal and the average monthly cost per an employee. Our database uses both kind of data quantitative and qualitative. The data from the documentation of an enterprise were used, such as the value (financial) indicators of production and non-production activities, including financial analysis, and the data on human resources. Economic data were also obtained by tracing in annual reports and reports of financial results of the enterprise by its identification number. A questionnaire survey was a part of the research. The research sample includes 300 SMEs from South Bohemia, which were chosen by random selection. Aim of our research is find the factors of HRM which influent to labour productivity. We explore tree thesis in this article: If the education of employees is important for management of the company the labour productivity is higher, then in company when management don´t care about education of employees; Number of improvement´s proposal and average monthly cost per an employee have a positive influence to labour productivity.