Human Resource Management Importance in Small Business

Added on - 22 Nov 2020

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IMPORTANCE OF HRM IN THEDEVELOPMENT OF SMALLFIRMS INTO A STRONGMULTINATIONAL/GLOBALORGANIZATIONS'
Table of ContentsINTRODUCTION...........................................................................................................................11.1 Background of the research..................................................................................................11.2 Rational of research..............................................................................................................11.3 Research problem..................................................................................................................11.4 Aim........................................................................................................................................11.5 Objectives.............................................................................................................................11.6 Question of research.............................................................................................................2Literature Review.............................................................................................................................22.1 Meaning of HRM...................................................................................................................22.2 Importance of Human resource management in small business development......................22.3 Challenge faced by small firms in process of development into global company's..............22.4 Suggestion as improvement of small organizations and to overcome challenges.................3Research Methodology....................................................................................................................33.1 Research philosophy..............................................................................................................33.2 Research design.....................................................................................................................33.3 Research approach.................................................................................................................43.4 Research method....................................................................................................................43.5 Data collection.......................................................................................................................43.6 Data analysis and sampling....................................................................................................4Ethical issues...................................................................................................................................4Timeline of research.......................................................................................................................4REFERENCES................................................................................................................................6
Topic:Importance of HRM in the development of small firms into a strong multinational/globalorganizations'INTRODUCTION1.1 Background of the researchHuman resource management is one of the best practices of hiring, recruiting, managingand deploying the company workers.It is often referred as human resource. HRM defines as theprocedure of managing staff in firms and it includes training, development and motivation ofworkers. An example of HRM is way in which organization hires new applicants and trains thosenew as well as existing workers. Human resource management is very essential in developmentof small companies into strong and powerful international organizations.1.2 Rationale of researchSmall organization development is very essential in world as it helps to grow economymore and more. Human resource management helps a lot to small businesses within UK andsupport to managed their functions via hiring new and talented workers. The reason behindchoosing topic is to evaluate the requirement of Human resource management mostly in smallfirms. Small organizations required HRM to develop its business more and more, researcherselect this topic to identify the importance of HRM inthis development.1.3 Research problemSmall company need to focus on overall functions and activties of business, they just notonly focuses on HRM section. To develop business only with human resource management orhuman resource is not easy, it considered as the research issues.1.4 AimThe aim of the research is:“To analyse the importance of HRM in development of small business or organization”.1.5 ObjectivesTo understand the concept of HRM.To analyse the importance of Human resource management in developing small businessinto global organizations.To evaluate the challenges faced by small business in process of development intomultinational firms.To suggest ways to overcome challenges faced by Small business.1
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