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All Journal EKOMBIS REVIEW: Jurnal Ilmiah Ekonomi dan Bisnis Journal of Economic, Bussines and Accounting (COSTING) Jesya (Jurnal Ekonomi dan Ekonomi Syariah) ATESTASI : Jurnal Ilmiah Akuntansi International Journal of Community Service & Engagement Jurnal Manajemen Journal of Business Management and Economic Development
Suwarno Suwarno
Universitas Bina Insan
Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Energy Industrial & Manufacturing Engineering Social Sciences Other

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Journal : ATESTASI : Jurnal Ilmiah Akuntansi

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Optimizing Budget Allocation: A Strategic Framework for Aligning Human Resource Investments with Financial Objectives and Business Goals Suwarno Suwarno; Fitria Fitria; Rudi Azhar
Atestasi : Jurnal Ilmiah Akuntansi Vol. 6 No. 2 (2023): September
Publisher : Pusat Penerbitan dan Publikasi Ilmiah, FEB, Universitas Muslim Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.57178/atestasi.v6i2.880

Abstract

This study explores the strategic framework for aligning human resource (HR) investments with financial objectives and broader business goals to enhance organizational performance. Through a qualitative literature review, this research synthesizes existing literature to understand the dynamics between strategic HR management, financial planning, and organizational outcomes, thereby elucidating how strategic alignment can optimize budget allocation in HR. The research methodology encompasses a comprehensive review of scholarly articles, foundational texts, and empirical studies related to strategic human resource management (SHRM). The focus is on how integration of HR functions with organizational strategies can contribute to enhanced financial performance and competitive advantage. By examining studies from the past three decades, this review highlights how effectively aligned HR practices support not only immediate operational goals but also long-term strategic objectives. Findings indicate that organizations demonstrating a high degree of strategic alignment in HR practices, such as recruitment, training, and compensation, see improved financial outcomes and organizational agility. The study reveals that investments in HR are most effective when meticulously aligned with an organization's strategic vision, emphasizing the importance of a dual approach where HR not only supports but actively drives strategic decisions. Furthermore, the integration of advanced analytics and technology in HR processes emerges as a significant enhancer of this alignment, enabling more precise decision-making and real-time adjustments in strategy. This research contributes to the existing body of knowledge by providing a detailed analysis of the mechanisms through which strategic HR alignment impacts organizational performance and by proposing a framework for organizations to optimize their HR budget allocation in line with strategic goals.
Co-Authors Ana Amila Debsi Arisky Andrinaldo Betti Nuraini Emba Emba Fitria Fitria Indrawati Mara Kesuma Jodika Hami Pratama Nora Puspita Paleni, Herman Rika Solihah Ronal Aprianto Rudi Azhar Sarifa Nurlael Supriyanto Supriyanto Surajiyo Surajiyo Susia Anggraini Suyadi Suyadi Tri Gustiherawati Weni Susanti Yulpa Rabeta