STRATEGIC HUMAN RESOURCE OPTIMIZATION IN BUSINESS MANAGEMENT AMIDST THE TECHNOLOGICAL EPOCH FOR ADVANCING PROFITABILITY AND SUSTAINABILITY IN INDONESIA
Keywords:
Human resource, optimizing strategies, business management, technological airport, profitability, sustainability, advancing business.Abstract
In the study "Strategic Human Resource Optimization in Business Management Amidst the Technological Epoch for Advancing Profitability and Sustainability in Indonesia," we investigated the dynamic interplay between human resource strategies, technological advancements, and their impact on business profitability and sustainability in the Indonesian context. Our research employed a mixed-method approach, incorporating quantitative and qualitative data collection techniques. We analyzed extensive data from various Indonesian businesses spanning multiple sectors and industries. These data were meticulously gathered and processed, utilizing advanced statistical tools and software to derive meaningful insights. The study's results indicated a compelling relationship between the optimization of human resources, driven by strategic initiatives, and the ability of businesses to thrive in the modern technological era. We observed a positive correlation between such optimization and enhanced Profitability and the ability to maintain sustainable operations, even in the face of industry disruptions. The discussion section delved into the nuanced interpretations of the results, emphasizing the critical role of human capital in adapting to technological changes and steering companies toward financial success and long-term sustainability. This understanding has significant implications for businesses aiming to navigate the challenges of the digital age while maintaining their commitment to sustainability. In conclusion, this study underscores the importance of strategically optimizing human resources in the context of technological advancements for both Profitability and sustainability in Indonesian businesses. It provides valuable insights for business leaders and policymakers seeking to develop strategies that align with the demands of the modern business landscape.
References
AlHamad, A., Alshurideh, M., Alomari, K., Kurdi, B., Alzoubi, H., Hamouche, S., & Al-Hawary, S. (2022). The effect of electronic human resources management on the organizational health of telecommunications companies in Jordan. International Journal of Data and Network Science, 6(2), 429-438.
Antoni, D., Jie, F., & Abareshi, A. (2020). Critical factors in information technology capability for enhancing firm's environmental performance: the Indonesian ICT sector. International Journal of Agile Systems and Management, 13(2), 159–181.
Bazzi, S., Gaduh, A., Rothenberg, A. D., & Wong, M. (2016). Skill transferability, migration, and development: Evidence from population resettlement in Indonesia. American Economic Review, 106(9), 2658-2698.
Buller, P. F., & McEvoy, G. M. (2016). A model for implementing a sustainability strategy through HRM practices. Business and Society Review, 121(4), 465-495.
Chams, N., & García-Blandón, J. (2019). On the importance of sustainable human resource management for adopting sustainable development goals. Resources, Conservation and Recycling, 141, 109-122.
Chang, R. M., Kauffman, R. J., & Kwon, Y. (2014). Understanding the paradigm shift to computational social science in the presence of big data. Decision support systems, pp. 63, 67–80.
Chourasia, A., Bahuguna, P. C., & Raju, T. B. (2023). Strategic Human Resource Management, a Road to Organizational Performance: Evidence from Public Sector Organizations in the Oil and Gas Sector. International Journal of Organizational Leadership, 12(First Special Issue 2023), 66–90.
Chowhan, J. (2016). Unpacking the black box: understanding the relationship between strategy, HRM practices, innovation, and organizational performance. Human Resource Management Journal, 26(2), 112–133.
Christawan, E., Perwita, A. A. B., Midhio, I. W., Hendra, A., & Sumertha, I. G. (2023). Papua as the Window of Indonesia’s Spirit for the Melanesian Communities.
Cooke, F. L. (2019). Human resource management in developing countries. The SAGE handbook of human resource management, p. 439.
Creswell, J. W. (2014). A concise introduction to mixed methods research. SAGE publications.
Dembek, K., York, J., & Singh, P. J. (2018). Creating value for multiple stakeholders: Sustainable business models at the Base of the Pyramid. Journal of Cleaner Production, 196, 1600-1612.
Disraeli, B. The secret to success in life is for a man to be ready for his opportunity.
Duan, Y., Edwards, J. S., & Dwivedi, Y. K. (2019). Artificial intelligence for decision making in the era of Big Data–evolution, challenges, and research agenda. International journal of information management, pp. 48, 63–71.
Eferebo, I. (2022). Place Names and Changing Trends in Precolonial Niger Delta of Nigeria: Rethinking Nembe-Ijo Imperialism. Available at SSRN 4235529.
Einstein, A. (1936). Physics and reality. Journal of the Franklin Institute, 221(3), 349–382.
El-Kassar, A. N., & Singh, S. K. (2019). Green innovation and organizational performance: The influence of big data and the moderating role of management commitment and HR practices. Technological forecasting and social change, 144, 483–498.
Engert, V., Linz, R., & Grant, J. A. (2019). Embodied stress: The physiological resonance of psychosocial stress. Psychoneuroendocrinology, 105, 138-146.
Gablasova, D., Brezina, V., & McEnery, T. (2017). Collocations in corpus‐based language learning research: Identifying, comparing, and interpreting the evidence. Language learning, 67(S1), 155-179.
Gadzali, S. S., Gazalin, J., Sutrisno, S., Prasetya, Y. B., & Ausat, A. M. A. (2023). Human Resource Management Strategy in Organisational Digital Transformation. Jurnal Minfo Polgan, 12(1), 760-770.
Guetterman, T. C., Fetters, M. D., & Creswell, J. W. (2015). Integrating quantitative and qualitative results in health science mixed methods research through joint displays. The Annals of Family Medicine, 13(6), 554-561.
Jaiswal, A., Arun, C. J., & Varma, A. (2022). Rebooting employees: Upskilling for artificial intelligence in multinational corporations. The International Journal of Human Resource Management, 33(6), 1179-1208.
Jiroutek, M. R., & Turner, J. R. (2018). Why is it not brilliant to use retrospective power analyses to conduct a postmortem on your study? The Journal of Clinical Hypertension, 20(2), 408.
Korstjens, I., & Moser, A. (2017). Series: Practical guidance to qualitative research. Part 2: Context, research questions, and designs. European Journal of General Practice, 23(1), 274-279.
Kumar, R. (2016). Ethics is nothing else than reverence for life. ACADEMICIA: An International Multidisciplinary Research Journal, 6(11), 41–51.
Marzano, R. J. (2013). The Marzano teacher evaluation model. Marzano Research Laboratory.
Meseguer-Sánchez, V., Abad-Segura, E., Belmonte-Ureña, L. J., & Molina-Moreno, V. (2020). Examining the research evolution on university social responsibility's socioeconomic and environmental dimensions. International Journal of Environmental Research and Public Health, 17(13), 4729.
Moshood, T. D., Nawanir, G., Mahmud, F., Mohamad, F., Ahmad, M. H., AbdulGhani, A., & Kumar, S. (2022). Green product innovation: A means towards achieving global sustainable product within the biodegradable plastic industry. Journal of Cleaner Production, 363, 132506.
Pearson, K. (1892). The grammar of science. Nature, 46(1185), 247–247.
Pironti, M., Pisano, P., & Papa, A. (2018). Technology resilience and the STORM factory. Symphony, 2, 108-124.
Porath, U. (2023). Advancing Managerial Evolution and Resource Management in Contemporary Business Landscapes. Modern Economy, 14(10), 1404–1420.
Saryatmo, M. A., & Sukhotu, V. (2021). The influence of the digital supply chain on operational performance: a study of Indonesia's food and beverage industry. Sustainability, 13(9), 5109.
Schiemann, W. A., Seibert, J. H., & Blankenship, M. H. (2018). Putting human capital analytics to work: Predicting and driving business success. Human Resource Management, 57(3), 795-807.
Schober, P., Boer, C., & Schwarte, L. A. (2018). Correlation coefficients: appropriate use and interpretation. Anesthesia & analgesia, 126(5), 1763-1768.
Segura-Camacho, A., García-Orozco, J. J., & Topa, G. (2018). Sustainable and healthy organizations promote employee well-being: The moderating role of selection, optimization, and compensation strategies: sustainability, 10(10), 3411.
Stoll, C. (2012). Data is not information, information is not knowledge, knowledge is not understanding, understanding is not wisdom. Drug-related safety issues affecting pregnancy outcome and concerning risk minimization measures, pp. 38, 127.
Tulving, E. (1989). Memory: Performance, knowledge, and experience. European Journal of Cognitive Psychology, 1(1), 3–26.
WAHUA, L., & AHLIJAH, Y. (2020). Business intelligence costs and firm performance: Evidence from selected top ECOWAS ' ECOWAS ' ECOWAS’banks. Journal of Economics and Trade, 5(1), 1-17.
Zahoor, N., & Al-Tabbaa, O. (2020). Inter-organizational collaboration and SMEs’ innovation: A systematic review and future research directions. Scandinavian Journal of Management, 36(2), 101109.
Downloads
Published
Issue
Section
License
Copyright (c) 2023 INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE © 2023 by Adisam Publisher is licensed under CC BY-SA 4.0
