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Top2. Aim And Objective Of Study (Review Need)
The motive of this research is:
- 1.
Primarily to observe the existing trends of functioning and managing the workforce, especially with respect to the up- shooting Small and Medium Enterprises (SMEs) in present corporate earth;
- 2.
Secondly, it is an attempt to extract and report some possible alternatives for these Medium Sized Firms, to think beyond the common hemispheres of average functioning of its staff concerned (whatever the reason be, beside there being an average performer);
- 3.
This study is also an attempt to draw the attention of the concerned employers towards the other possible alternatives of staffing process, and the one among those trend which upcoming to the heights of popularity is “HR- Outsourcing”, which is positively being considered to be the one of the productive attempt for reducing the capital budget/ cost of especially the SMEs operating in today’s business world.
Thus, not only from the Employee’s perspective, by opening the doors of more probable opportunities of employment, the re- observations reported via this paper will also lay down the grounds (as the possible alternatives of hiring and budget- lowering) from the Employer’s perspective as well.
These grounds will provide the possible measures to the organizations and employees to deal with the issues of Management of Human Capital in Small and Medium Enterprises.
Top3. Literature Review
As per the information accessed via MA Consulting (accessed from:- http/www.maconsultinginternational.com), An HR department is a decisive constituent of employee welfare in any business. It is not an issue that how small. Human Resources responsibilities comprise payroll, remuneration, appointing, dismissal, and keeping up to date with tax and employee laws. Any blend concerning these issues can cause severe legal troubles for your business, as well as major employee disappointment. But small enterprises often don't have the workforce or the financial plan to appropriately handle the basics details of Human Resources. Thus in majority, their inclination is bending towards availing the assistance from HR Outsources, instead of staffing the permanent employees for their Human Resource tasks.