Research scholar, Center for economic and social studies, Hyderabad
Online published on 11 March, 2016.
The Micro, Small and Medium Enterprises are generally run by sole traders with limited umber of partners having dexterity in the concerned field. There is also evidence available that most of the conventional MSMEs do not engage external work force especially micro lender industries or cottage industries occasions the family members and near relatives of the entrepreneur to participate in the production process. Therefore, how to augment the skills of such a closely knit workforce is the major concern faced by the resource developers and entrepreneurial trainers in the present scenario. On the other hand, small and medium scale enterprises which engage semi-skilled and unskilled workers to execute their operations have been gradually attempting to recruit the skilled workers and expand their business which compels SMEs also to foster HR mapping strategies. It is conventional notion which holds that HR mapping is an essential strategy only for large scale units engaging sheer size of workers. This notion is falsified by the modern HR practitioners who proved that SMEs expanding business operations only on the merits of few skilled workers are victimized. Once such skilled workers migrate to other organization which implies that the shades of attrition are exhibiting their sway on MSMEs as well. Therefore, there is a dire need to map the HR requirement of SMEs not only to avoid the unforeseen contingencies of limited workforce but also to expeditiously expand the business.
Competency mapping, HR Practices, MSME, Core strenghts, retentionstrategies