THE INTERPLAY OF STRATEGIC HUMAN RESOURCE MANAGEMENT PRACTICES AND ORGANIZATIONAL PERFORMANCE: A STUDY IN THE INSURANCE INDUSTRY

The importance of human resources as a competitive advantage for modern businesses is widely recognized, as they have the ability to enhance organizational performance. The purpose of this study is to investigate the complex connection between strategic human resource management practices and the overall performance of a well-known insurance company in Cagayan de Oro City. The research study utilizes a descriptive correlational design, employing Pearson correlation to examine the connections between important variables. Additionally, the study revealed a strong and positive relationship between the implementation of different SHRM practices and multiple aspects of organizational performance. Moreover, there is a clear link between the overall implementation of SHRM Practices and positive outcomes in terms of employee satisfaction, employee performance, and service delivery within the organization. The findings imply that incorporating effective SHRM practices is valuable for achieving favorable organizational outcomes. In conclusion, the outcomes underscore the significant impact that well-executed SHRM practices have on promoting improved organizational performance within the prominent insurance companies situated in Cagayan de Oro City.