"Strategic Human Resource Management Practices: Enhancing Organizational Performance in Dynamic Environments"

Abstract

In the fast-changing business world of today, Strategic Human Resource Management (SHRM) practices are essential for improving organizational performance in constantly changing environments. This study, which utilized both qualitative and quantitative methods, explored how effective SHRM practices are in facilitating organizational success. Information gathered from 75 companies across various sectors and locations was assessed using both quantitative and qualitative methods. Quantitative analysis confirmed strong positive links between HRM practices like recruitment, training, and performance reviews and organizational performance indicators such as revenue growth, profitability, and productivity, highlighting HRM's crucial role in meeting organizational goals. Qualitative findings provided additional clarity on stakeholders' viewpoints, obstacles faced, and approaches for improvement. Participants acknowledged the beneficial effects of SHRM strategies in increasing employee engagement, improving skill growth, and nurturing an innovative culture. Nevertheless, the need for strategic approaches to HR management was emphasized due to challenges like limited resources, reluctance to change, and the intricacies of dynamic environments. The goals of the research were to evaluate how effective SHRM practices are perceived to be, pinpoint the difficulties faced in putting them into action, and provide suggestions for improving SHRM practices. Through focusing on involving stakeholders, constant learning, and investing in technology, companies can use SHRM strategies to succeed in changing environments, attaining lasting growth and a competitive edge. This study helps organizations understand how to navigate complexities and uncertainties, offering useful insights for HR professionals and organizational leaders.