THE IMPACT OF STRATEGIC HUMAN RESOURCES MANAGEMENT IN ACHIEVING INSTITUTIONAL EXCELLENCE IN BUSINESS SECTOR

Povzetek

This study investigates the impact of strategic human resources management (SHRM) practices on achieving institutional excellence within business companies. The research specifically explores the relationship between institutional excellence and key SHRM strategies, including workforce planning, recruitment, training, compensation, motivation, and job rotation. Employing a descriptive analytical approach, the study examines the links between these variables. Key findings indicate that recruitment strategy has a significant positive impact on institutional excellence, and a well-implemented training strategy is crucial for its development. Furthermore, salary and incentive strategies founded to contribute to institutional excellence by enhancing employee retention. Conversely, the study found no statistically significant relationship between workforce planning strategy and institutional excellence. The research suggests the implementation of clear administrative policies for selection and appointment, fostering a culture of institutional excellence driven by a renewed vision from leadership, and the continuous development of HR practices to align with organizational needs and attract top talent. These insights offer valuable direction for organizations aiming to leverage SHRM for enhanced institutional performance and competitive advantage