Keywords:
Recruitment
Globalization
Retention
Training
skills
Rewards

  • Abstract

    In the dynamic environment of small and medium-sized enterprises (SMEs), the expertise of Talent Management (TM) and Human Resource (HR) practices is important.  These include a comprehensive approach for identifying, nurturing and retaining qualified workers, which define the core structure of SMEs' organizational strength. It represent an inclusive strategy to workforce development, including recruiting, upskilling, performance optimization, and developing a working culture that is well matched to the unique subtleties and challenges that SMEs encounter. This review provides a comprehensive examination of TM and HR management (HRM) methods in the context of SMEs. It starts by stressing the significance and specifics of SMEs, emphasizing their critical role in fostering growth as well as the unique obstacles they confront as a result of resource restrictions and enterprising dynamics. The importance of TM in SMEs is highlighted its crucial role in generating organizational success and innovation. Despite the inherent difficulties of TM in SMEs, such as limited resources and talent acquisition hurdles, there are exciting opportunities for advancement. Innovations in technology, strategic collaborations and talent development programs provide opportunities for SMEs to improve their competitiveness and sustainability. By addressing these significant difficulties, this summary gives a complete review of TM and HRM practices in SMEs, emphasizing the need for specialized solutions to assist SMEs with managing the complexity of recruitment and achieving sustainable success.

  • References

    1. Adla, L., Gallego-Roquelaure, V., & Calamel, L. (2020). Human resource management and innovation in SMEs. Personnel Review, 49(8), 1519-1535.https://doi.org/10.1108/PR-09-2018-0328
    2. Ahmad, M. A., Hashmi, A., Ali, W., & Faheem, M. (2021). The Influence of Human Resource Management Practices on the SMEs Performance: Mediating Role of Employee Engagement. Review of Education, Administration & LAW, 4(1), 79-91.https://doi.org/10.47067/real.v4i1.113.
    3. Amankwah‐Amoah, J. (2020). Talent management and global competition for top talent: A co‐opetition‐based perspective. Thunderbird International Business Review, 62(4), 343-352. https://doi.org/10.1002/tie.22136
    4. Anlesinya, A., Dartey-Baah, K., & Amponsah-Tawiah, K. (2019). Strategic talent management scholarship: a review of current foci and future directions. Industrial and Commercial Training, 51(5), 299-314.https://doi.org/10.1108/ICT-11-2018-0095
    5. Bakhashwain, S. A., & Javed, U. (2021). The impact of recruitment and selection practices on employee performance. PalArch's Journal of Archaeology of Egypt/Egyptology, 18(14), 251-260.
    6. Belas, J., Amoah, J., Petráková, Z., Kljuchnikava, Y., & Bilan, Y. (2020). Selected factors of SMEs management in the service sector. Journal of Tourism and Services.https://doi.org/10.29036/jots.v11i21.215
    7. Bilan, Y. V., Mishchuk, H., Roshchyk, I., & Joshi, O. (2020). Hiring and retaining skilled employees in SMEs: problems in human resource.https://doi.org/10.3390/su12093899
    8. Chowdhury, M., & Alam, Z. (2017). Factors affecting access to finance of small and medium enterprises (SMEs) of Bangladesh. USV Annals of Economics and Public Administration, 2(26), 55.
    9. Cui, W., Khan, Z., & Tarba, S. Y. (2018). Strategic talent management in service SMEs of China. Thunderbird International Business Review, 60(1), 9-20.https://doi.org/10.1002/tie.21793
    10. Dirani, K. M., & Nafukho, F. M. (2018). Talent management and development: Perspectives from emerging market economies. Advances in Developing Human Resources, 20(4), 383-388.https://doi.org/10.1177/1523422318803362
    11. Domi, S., & Domi, F. (2021). The interplay effects of skill-enhancing human resources practices, customer orientation and tourism SMEs performance. European Journal of Training and Development, 45(8/9), 737-761. https://doi.org/10.1108/EJTD-06-2020-0111
    12. Faisal, S., & Naushad, M. (2020). An overview of green HRM practices among SMEs in Saudi Arabia. Entrepreneurship and sustainability issues, 8(2), 1228.http://doi.org/10.9770/jesi.2020.8.2(73)
    13. Gallardo-Gallardo, E., Thunnissen, M., & Scullion, H. (2020). Talent management: context matters. The International Journal of Human Resource Management, 31(4), 457-473.https://doi.org/10.1080/09585192.2019.1642645
    14. Harney, B. (2021). Accommodating HRM in small and medium-sized enterprises (SMEs): a critical review. Economic and Business Review, 23(2), 72-85.https://doi.org/10.15458/2335-4216.1007
    15. Harsch, K., & Festing, M. (2020). Dynamic talent management capabilities and organizational agility—A qualitative exploration. Human Resource Management, 59(1), 43-61.https://doi.org/10.1002/hrm.21972
    16. Järvi, K., & Khoreva, V. (2020). The role of talent management in strategic renewal. Employee Relations: The International Journal, 42(1), 75-89.https://doi.org/10.1108/ER-02-2018-0064 -
    17. Jooss, S., Lenz, J., & Burbach, R. (2023). Beyond competing for talent: an integrative framework for coopetition in talent management in SMEs. International Journal of Contemporary Hospitality Management, 35(8), 2691-2707.https://doi.org/10.1108/IJCHM-04-2022-0419
    18. Kabwe, C., & Okorie, C. (2019). The efficacy of talent management in international business: The case of European multinationals. Thunderbird International Business Review, 61(6), 857-872.https://doi.org/10.1002/tie.22090
    19. Kaliannan, M., Darmalinggam, D., Dorasamy, M., & Pablos, P. O. D. (2022). Talent development towards an inclusive equitable society: a dearth of knowledge. International Journal of Learning and Intellectual Capital, 19(2), 123-134. https://doi.org/10.1504/IJLIC.2022.121250
    20. Kaliannan, M., Darmalinggam, D., Dorasamy, M., & Pablos, P. O. D. (2022). Talent development towards an inclusive equitable society: a dearth of knowledge. International Journal of Learning and Intellectual Capital, 19(2), 123-134.https://doi.org/10.1177/0972262920954604
    21. Khan, S., & Mohiya, M. (2020). Determinants of SMEs employees’ creativity and their impact on innovation at workplace. Management Science Letters, 10(16), 3865-3872.http://dx.doi.org/10.5267/j.msl.2020.7.025
    22. Knezović, E., Bušatlić, S., & Riđić, O. (2020). Strategic human resource management in small and medium enterprises. International Journal of Human Resources Development and Management, 20(2), 114-139. https://doi.org/10.1504/IJHRDM.2020.106255
    23. Kravariti, F., Oruh, E. S., Dibia, C., Tasoulis, K., Scullion, H., & Mamman, A. (2021). Weathering the storm: talent management in internationally oriented Greek small and medium-sized enterprises. Journal of Organizational Effectiveness: People and Performance, 8(4), 444-463. https://doi.org/10.1108/JOEPP-01-2021-0022
    24. Kravariti, F., Oruh, E. S., Dibia, C., Tasoulis, K., Scullion, H., & Mamman, A. (2021). Weathering the storm: talent management in internationally oriented Greek small and medium-sized enterprises. Journal of Organizational Effectiveness: People and Performance, 8(4), 444-463.https://doi.org/10.1007/s11187-019-00180-7
    25. Meyers, M. C., van Woerkom, M., Paauwe, J., & Dries, N. (2020). HR managers’ talent philosophies: prevalence and relationships with perceived talent management practices. The International Journal of Human Resource Management, 31(4), 562-588.https://doi.org/10.1080/09585192.2019.1579747
    26. Monteiro, B., Santos, V., Reis, I., Sampaio, M. C., Sousa, B., Martinho, F., ... & Au-Yong-Oliveira, M. (2020). Employer branding applied to SMEs: A pioneering model proposal for attracting and retaining talent. Information, 11(12), 574.https://doi.org/10.3390/info11120574
    27. Moustaghfir, K., El Fatihi, S., & Benouarrek, M. (2020). Human resource management practices, entrepreneurial orientation and firm performance: what is the link?. Measuring Business Excellence, 24(2), 267-283.https://doi.org/10.1108/MBE-12-2019-0119
    28. Naradda Gamage, S. K., Ekanayake, E. M. S., Abeyrathne, G. A. K. N. J., Prasanna, R. P. I. R., Jayasundara, J. M. S. B., & Rajapakshe, P. S. K. (2020). A review of global challenges and survival strategies of small and medium enterprises (SMEs). Economies, 8(4), 79.https://doi.org/10.3390/economies8040079
    29. Pauli, U., & Pocztowski, A. (2019). Talent Management in SMEs: An Exploratory Study of Polish Companies. Entrepreneurial Business & Economics Review, 7(4).https://doi.org/10.15678/EBER.2019.070412
    30. Reis, I., Sousa, M. J., & Dionísio, A. (2021). Employer branding as a talent management tool: A systematic literature revision. Sustainability, 13(19), 10698.https://doi.org/10.3390/su131910698
    31. Rua, O., França, A., & Fernández Ortiz, R. (2018). Key drivers of SMEs export performance: the mediating effect of competitive advantage. Journal of Knowledge Management, 22(2), 257-279.https://doi.org/10.1108/JKM-07-2017-0267
    32. Sardi, A., Sorano, E., Garengo, P., & Ferraris, A. (2021). The role of HRM in the innovation of performance measurement and management systems: a multiple case study in SMEs. Employee Relations: The International Journal, 43(2), 589-606.https://doi.org/10.1108/ER-03-2020-0101
    33. Savov, R., Lančarič, D., & Kozáková, J. (2020). Size of the company as the main determinant of talent management in Slovakia. Journal of Risk and Financial Management, 13(3), 50.https://doi.org/10.3390/jrfm13030050
    34. Sedyastuti, K., Suwarni, E., Rahadi, D. R., & Handayani, M. A. (2021, April). Human Resources Competency at Micro, Small and Medium Enterprises in Palembang Songket Industry. In 2nd Annual Conference on Social Science and Humanities (ANCOSH 2020) (pp. 248-251). Atlantis Press.
    35. SINGH, L. B., MONDAL, S. R., & DAS, S. (2020). Human resource practices & their observed significance for Indian SMEs. Revista Espacios, 41(07).
    36. Sommer, C. (2017). Drivers and constraints for adopting sustainability standards in small and medium-sized enterprises (SMEs) (No. 21/2017). Discussion Paper.
    37. Valaei, N., Rezaei, S., & Ismail, W. K. W. (2017). Examining learning strategies, creativity, and innovation at SMEs using fuzzy set Qualitative Comparative Analysis and PLS path modeling. Journal of Business Research, 70, 224-233.https://doi.org/10.1016/j.jbusres.2016.08.016
    38. Wuen, C. H., Ibrahim, F., & Ringim, K. J. (2020). The impact of human resource management practices on SMEs performance: an exploratory study in Brunei Darussalam. International Journal of Asian Business and Information Management (IJABIM), 11(2), 68-87.https://doi.org/10.4018/IJABIM.2020040105
    39. Zhang, J. (2021, February). Research on employee relationship management innovation of SMEs in China. In 5th Asia-Pacific Conference on Economic Research and Management Innovation (ERMI 2021) (pp. 94-99). Atlantis Press. https://doi.org/10.2991/aebmr.k.210218.018
Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Copyright (c) 2023 Malque Publishing

How to cite

Koppa, K., Sood, G., Harikumar, P., Mishra, S., & Agrawal, S. (2024). A review of talent management and human resource practices in the context of small and medium enterprises. Multidisciplinary Reviews, 6, 2023ss094. https://doi.org/10.31893/multirev.2023ss094
Crossref
Scopus
Google Scholar
Europe PMC
  • Article viewed - 405
  • PDF downloaded - 362