The Role Of HR in Driving Innovation And Market Competitiveness In The Financial Sector

Abstract

In the fast-paced and dynamic environment of the financial sector, innovation has become a key driver of market competitiveness. Human Resources (HR) departments play a crucial role in fostering innovation by attracting, developing, and retaining top talent, creating a culture of creativity and collaboration, and aligning HR strategies with business goals. This research paper explores the multifaceted role of HR in driving innovation and enhancing market competitiveness within the financial sector. It examines the challenges faced by HR professionals, the strategies they employ to promote innovation, and the impact of innovative HR practices on organizational performance.