Human Resources Management Strategies and Their Impact on Innovation and Development in Emerging Enterprises
DOI:
https://doi.org/10.51699/ijbde.v3i5.186Keywords:
Recruitment Strategies, Training and Development, Performance Management, Retention Strategies, Innovation and Development, Emerging EnterprisesAbstract
This study explores the impact of human resource management (HRM) strategies on innovation and development within emerging enterprises. As innovation is crucial for the growth and competitive edge of these firms, understanding the role of HRM remains under-researched in this context. To address this gap, the research surveyed 500 employees from various emerging enterprises, yielding 450 valid responses, collected through a structured questionnaire using a 5-point Likert scale. Data analysis with SPSS revealed that HRM practices—such as talent acquisition, training and development, performance management, and employee engagement—positively and significantly influence innovation and organizational growth. These findings underscore HRM’s strategic importance in fostering an environment conducive to innovation and continuous development, thereby supporting sustainable growth. The study contributes empirical insights into HRM’s role in enhancing innovation, offering actionable recommendations for HR managers and policymakers to strengthen their organization’s growth trajectory.
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