Challenges in Human Resource Management at MSME Level: A Study
Keywords:
Human Resource management, MSME, ChallengesAbstract
The primary objective of all modern economies is the development of small and medium enterprises (MSMEs). It is a complex challenge that involves a large number of parties in every sector of the state and economy who are directly concerned. Stimulate private ownership and entrepreneurship through MSME. Their feature is that they are flexible and can adapt easily to market changes in supply and demand. At the same time, they open up opportunities for job creation, promote the diversification of economic activities, promote sustainable growth, and make a major contribution to exports, trade and the competitiveness of the economy as a whole. MSME's importance to the economy is undisputable. All studies show that over 90 percent of all business activities are performed by MSME globally. The Human Resources Management problem in MSMEs is a very sensitive issue. In large companies, entire teams of agencies or consultants are hired for the selection and training of new employees, whereas the owner or manager does this job in MSMEs. Therefore, the present paper aims to observe major challenges prevailing in Human Resource Management at MSME level.
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