korun india pvt ltd

1. Topic:HRM IN SME
subject:HUMAN RECOUSCE MANAGEMENT
Submitted to:
BHARATH TS
ASST PROFESSOR
MBA DEPARTMENT
Submitted by:
SANDESH M
CHANDRU R
SHARATH P

2. HRM IN SME

3. INTRODUCTION
WHAT IS HRM?
Human resource management is the strategic approach to
nurturing and supporting employees and ensuring a positive
workplace environment. Its functions vary across different
businesses and industries, but typically include recruitment,
compensation and benefits, training and development, and
employee relations.

4. Why HRM important for SME
• HRM professionals play a strategic role in helping companies
develop the human capital required for success. For most small
businesses, the human resources department is responsible
for,Overseeing job recruitment, hiring and promotion. Managing
employee benefits and wellness programs

5. 4 ways HR is different for small businesses
than for large organizations
1 Resources
2 Recruitment and retention processes
3 Level of responsibility
4 Organizational structure

6. ROLE OF HRM IN SME
•
The role of Human Resource Management (HRM) in small and
medium-sized enterprises (SMEs) is crucial in fostering a positive
work environment, supporting the growth of the business, and
ensuring the effective management of employees. While the HRM
function in SMEs may differ from that in larger corporations, its
significance remains just as vital.

7. Roles and functions that HRM plays in
small and medium enterprises
• Recruitment and Selection
• Training and Development
• Employee Relations
• Compensation and Benefits
• Compliance and Legal Matters
• Performance Management
• Succession Planning
• HR Strategy and Planning
• Employee Wellbeing

8. IMPACT of HRM IN small and medium
enterprises.
1. Talent Acquisition and Retention
2. Employee Productivity and Performance
3. Employee Engagement and Satisfaction
4. Organizational Culture and Values
5. Compliance and Risk Management
6. Succession Planning and Talent Development
Cost Management
7. Innovation and Creativity
8. Customer Satisfaction and Business Performance

9. conclusion
Overall, HRM in SMEs is about finding the right balance between the
unique needs of a smaller organization and the fundamental HR
functions required to build a motivated, skilled, and engaged
workforce. It plays a pivotal role in contributing to the overall success
of the business by effectively managing its human capital.