Analyzing the Role of Strategic HRM in Enhancing Organizational Competitiveness, Employee Engagement, and Talent Retention: A Review

Abstract

This review paper analyzes the role of strategic human resource management practices in enhancing an organization's competitiveness, promoting workplace engagement and talent retention. When organizations want a competitive advantage in today’s uncertain business environment, it is crucial to apply well-developed human resource management strategies. This paper presents a synthesis of prior research to explain how strategic human resource management initiatives help organizational success. In addition, it describes how strategic human resource management practices relate to organizational performance and how these strategies need to fit the overall organizational goals and objectives. Consequently, this paper presents a general understanding of how firms can use strategic human resource management practices for increasing organizational competitiveness, improving employee commitment and talent retention.