Selecting the Customized HR Practices and Their Role in Nurturing SMEs

Abstract

HR practices encompass all those practices, which are directly or indirectly related to profit maximization and this goal is depended upon their employee’s performance. To fulfill this requirement, there are many HR practices used by these companies to increase their employee output. This study is based on studying about the small firms nature because these types of companies are generally choosing the practices without considering their suitability with respect to their company’s environment. Selecting the right and application of the right concept is missing in these companies and to resolve this problem the researcher is trying to represent the good and bad sides of applying the HR practices with a blend of customization concept. The researcher generated the conceptual models to represent the results in the concise way for a systematic application and utilization of HR practices in these firms. This research study will be very fruitful for small-medium sized enterprises in clarifying their views towards personalized HR practices application based on their company’s requirements.