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Essay On Applicability Of HRM In SME

1474 Words6 Pages

Applicability of Human Resource Management in SMEs

Dr Anshu Singh,
Asst Prof, BCIIT ab14singh@gmail.com, 9871066828

Abstract

Human resources are considered the most precious asset of SME. In order to reach its values the firm must pay a huge importance in human resource management. The implementation of enterprise strategy is dependent on the employee’s quality who are arranged to realize it. The aim of this research paper is to show the application of human resource practice and their impact in SME performance. Various studies revealed that SMEs use their practice more to manage the human resources in realizing their aspiration such as “compensation and rewarding”. Good management of human resource helps three fundamental intention of each enterprise: surviving, increasing and raising their incomes. On the other hand, it offers to them an easy confrontation with the market competitors which is very crucial.
Key Words: Human Resource Management, SME, Organization, Recruitment, Appraisal etc

Introduction

Globalization, which has been alluded for years, is now much more of a reality. While its benefits are clear in terms of the new markets it opens, many business …show more content…

The person-organization (P-O) fit criterion of selection is defined as “the compatibility between specific individual attributes and comparable organizational attributes” (Higgings 2002). From a strategic perspective, the selection process should ensure that the candidates have a good fit with the organization’s culture and strategic direction (Nankervis, Compton and McCarthy 1999). There, to attract and to retain talent, firms need to implement strategic recruitment and selection

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