Journal of Business and Management Sciences
ISSN (Print): 2333-4495 ISSN (Online): 2333-4533 Website: http://www.sciepub.com/journal/jbms Editor-in-chief: Heap-Yih Chong
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Journal of Business and Management Sciences. 2014, 2(3A), 46-48
DOI: 10.12691/jbms-2-3A-7
Open AccessResearch Article

Strategy for Human Capital Management of MSMEs: A Conceptual Study

Sarita Mishra1,

1Srusti Academy of Management, Bhubaneswar, India

Pub. Date: October 25, 2014
(This article belongs to the Special Issue Emerging Trends in Production Research: Concepts and Cases)

Cite this paper:
Sarita Mishra. Strategy for Human Capital Management of MSMEs: A Conceptual Study. Journal of Business and Management Sciences. 2014; 2(3A):46-48. doi: 10.12691/jbms-2-3A-7

Abstract

The ever increasing number of employees in an organization, growth in business competitions and changing economic scenario compels the corporate to re-think about human management strategy. High attrition rate, absenteeism and migration of workforce compel the employer to rethink about the employee management. Most organizations actively look to reward hard-working employees by having an effective pay for performance. However two-third organizations have a pay-for –performance policy. Can it be possible to ensure this policy in MSMEs and other mediocre industries. Pay –for-performance, value analysis of individual employees, performance appraisal can only be possible by strategic implementation with the productivity of MSMEs. This article focuses on the concept of Human capital management, Research gap and a strategic model is suggested to face the challenges.

Keywords:
human capital management strategic model pay-for-performance

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[8]  Report on MSME, Dept of Industries, Govt. of Odisha.