IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v16y2024i4p1441-d1335876.html
   My bibliography  Save this article

Financial Perspectives on Human Capital: Building Sustainable HR Strategies

Author

Listed:
  • Mirabela-Constanța Matei

    (Department of Management-Marketing, Faculty of Economic Sciences, University of Oradea, 410087 Oradea, Romania)

  • Leonard-Călin Abrudan

    (Department of International Business, Faculty of Economic Sciences, University of Oradea, 410087 Oradea, Romania)

  • Maria-Madela Abrudan

    (Department of Management-Marketing, Faculty of Economic Sciences, University of Oradea, 410087 Oradea, Romania)

Abstract

This paper examines the challenges surrounding sustainable human resources management (HRM), particularly in the context of budget constraints that often lead to the reduction of employee development investments. Our research focuses on developing a comprehensive model that integrates financial management tools into HRM strategies, ensuring the prioritization of sustainable practices. Through a systematic analysis of existing knowledge, we propose a solution-oriented approach that supports the financial substantiation of investments in employee development. This study addresses key research questions, emphasizing the adaptation of corporate finance tools to meet HR’s specific requirements. Our research not only identifies challenges but, more importantly, offers solutions by presenting a model that empowers organizations to align financial goals with HR development objectives. The results of our research aim to formulate a pragmatic and inventive model, offering a systematic framework for assessing the financial feasibility of initiatives in human resources development. Our model offers a practical framework for assessing the financial feasibility of HR development initiatives, facilitating informed decision-making and the promotion of sustainable HRM practices.

Suggested Citation

  • Mirabela-Constanța Matei & Leonard-Călin Abrudan & Maria-Madela Abrudan, 2024. "Financial Perspectives on Human Capital: Building Sustainable HR Strategies," Sustainability, MDPI, vol. 16(4), pages 1-18, February.
    • Handle: RePEc:gam:jsusta:v:16:y:2024:i:4:p:1441-:d:1335876
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/16/4/1441/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/16/4/1441/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Ken Kamoche, 1996. "Strategic Human Resource Management Within A Resource‐Capability View Of The Firm," Journal of Management Studies, Wiley Blackwell, vol. 33(2), pages 213-233, March.
    2. Jangwoo Lee & Danny Miller, 1999. "People matter: commitment to employees, strategy and performance in Korean firms," Strategic Management Journal, Wiley Blackwell, vol. 20(6), pages 579-593, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Zhang-Zhang, YingYing & Rohlfer, Sylvia & Varma, Arup, 2022. "Strategic people management in contemporary highly dynamic VUCA contexts: A knowledge worker perspective," Journal of Business Research, Elsevier, vol. 144(C), pages 587-598.
    2. White, George O. & Rajwani, Tazeeb & Krammer, Sorin M.S., 2022. "Legal distance and entrepreneurial orientation of foreign subsidiaries: Evidence from Southeast Asia," Journal of World Business, Elsevier, vol. 57(6).
    3. O'Reilly, Charles A., III & Caldwell, David F. & Chatman, Jennifer A., 2005. "How Leadership Matters: The Effects of Leadership Alignment on Strategic Execution," Research Papers 1895, Stanford University, Graduate School of Business.
    4. Lamberto Zollo & Maria Carmen Laudano & Andrea Boccardi & Cristiano Ciappei, 2019. "From governance to organizational effectiveness: the role of organizational identity and volunteers’ commitment," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 23(1), pages 111-137, March.
    5. Clint Chadwick & Adina Dabu, 2009. "Human Resources, Human Resource Management, and the Competitive Advantage of Firms: Toward a More Comprehensive Model of Causal Linkages," Organization Science, INFORMS, vol. 20(1), pages 253-272, February.
    6. George O. White & Jean J. Boddewyn & Tazeeb Rajwani & Thomas A. Hemphill, 2018. "Regulator Vulnerabilities to Political Pressures and Political Tie Intensity: The Moderating Effects of Regulatory and Political Distance," Management International Review, Springer, vol. 58(5), pages 743-769, October.
    7. repec:jtr:journl:v:4:y:2012:i:1:p:78-113 is not listed on IDEAS
    8. Isidro Pena Garcia Pardo & Ma del Valle Fernandez Moreno, 2009. "Looking into the black-box: analysis of the effectiveness of human resources strategy," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 27(1), pages 31-56.
    9. Mahmoud Manafi Author_Email: mahmoud_manafi@yahoo.com & Maryam Nikheslat & Mojtaba saeidinia & Saeid Zarezade, 2011. "Shifting From A Focus Managing People To Creating Strategic Contribution In Educational Industry (Islamic Azad University)," International Conference on Management (ICM 2011) Proceeding 2011-107-189, Conference Master Resources.
    10. White, George O. & Hemphill, Thomas & Weber, Thomas & Moghaddam, Kaveh, 2018. "Institutional origins of WOFS formal contracting: A judicial arbitrariness perspective," International Business Review, Elsevier, vol. 27(3), pages 654-668.
    11. Andreas Georgiadis & Christos N. Pitelis, 2010. "The Interrelationship between HR, Strategy and Profitability in Service SMEs: Empirical Evidence from the UK Tourism Hospitality and Leisure Sector," CEP Discussion Papers dp0972, Centre for Economic Performance, LSE.
    12. Harvey, Michael & Reiche, B. Sebastian & Moeller, Miriam, 2011. "Developing effective global relationships through staffing with inpatriate managers: The role of interpersonal trust," Journal of International Management, Elsevier, vol. 17(2), pages 150-161, June.
    13. Prasad, Acklesh & Heales, Jon, 2010. "On IT and business value in developing countries: A complementarities-based approach," International Journal of Accounting Information Systems, Elsevier, vol. 11(4), pages 314-335.
    14. van Riel, C.B.M. & Berens, G.A.J.M. & Dijkstra, M., 2008. "Stimulating Strategically Aligned Behaviour among Employees," ERIM Report Series Research in Management ERS-2008-045-ORG, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    15. Landeta Rodríguez, Jon & Barrutia Güenaga, Jon & Hoyos Iruarrizaga, Jon & Araujo de la Mata, Andrés, 2015. "Initiatives for the improvement of continuous management training," Cuadernos de Gestión, Universidad del País Vasco - Instituto de Economía Aplicada a la Empresa (IEAE).
    16. Juan Nicolás Montoya MONSALVE & Juan Daniel Montoya NARANJO, 2015. "Application Review Authority to the Concept of Formal and Becoming a New Concept of Human Talent Management," Journal of Economic and Social Thought, KSP Journals, vol. 2(4), pages 309-319, December.
    17. Sebastián Bruque Cámara & Mª Jesús Hernández Ortiz & Alfonso Vargas Sánchez & José Moyano Fuentes, 2002. "¿Son más competitivas las sociedades cooperativas? Un análisis en el sector de la distribución farmacéutica," CIRIEC-España, revista de economía pública, social y cooperativa, CIRIEC-España, issue 42, pages 131-157, November.
    18. Zhi Chen & Shenglan Huang & Chong Liu & Min Min & Liying Zhou, 2018. "Fit between Organizational Culture and Innovation Strategy: Implications for Innovation Performance," Sustainability, MDPI, vol. 10(10), pages 1-18, September.
    19. Jihye Park & Dawoon Jung & Pyoungsoo Lee, 2019. "How to Make a Sustainable Manufacturing Process: A High-Commitment HRM System," Sustainability, MDPI, vol. 11(8), pages 1-20, April.
    20. White, George O. & Boddewyn, Jean J. & Galang, Roberto Martin N., 2015. "Legal system contingencies as determinants of political tie intensity by wholly owned foreign subsidiaries: Insights from the Philippines," Journal of World Business, Elsevier, vol. 50(2), pages 342-356.
    21. Cui, Annie Peng & Hu, Michael Y. & Griffith, David A., 2014. "What makes a brand manager effective?," Journal of Business Research, Elsevier, vol. 67(2), pages 144-150.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:16:y:2024:i:4:p:1441-:d:1335876. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.