The importance of human resources management for small businesses in South Africa
The majority of SMEs fail in the first five years of operation (Cant and Ligthelm, 2003). Human resource management (HRM) has been identified as a crucial key success factor for SMEs in today’s world. This research study investigates small business owners’ perception of the importance of HRM. The ob...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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LLC "CPC "Business Perspectives"
2016-09-01
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| Series: | Problems and Perspectives in Management |
| Online Access: | https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/7656/PPM_2016_03cont1_Hung.pdf |
| _version_ | 1818132994316042240 |
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| author | Yu-Ting Hung Michael C. Cant Johannes A. Wiid |
| author_facet | Yu-Ting Hung Michael C. Cant Johannes A. Wiid |
| author_sort | Yu-Ting Hung |
| collection | DOAJ |
| description | The majority of SMEs fail in the first five years of operation (Cant and Ligthelm, 2003). Human resource management (HRM) has been identified as a crucial key success factor for SMEs in today’s world. This research study investigates small business owners’ perception of the importance of HRM. The objective of this paper is to determine the perceived importance of human resources (HR) among South African SMEs and the management of it. A questionnaire was constructed and judgement sampling was used to gather the responses of 88 small business owners. The research revealed that the majority of SMEs have HR practices of some sort in place, as well as areas to improve on HR practices. The challenge now is to further increase the adoption of HR management and practices among small businesses in South Africa to ensure their success, as they play a vital role in the South African economy.
Keywords: South African SMEs, developing countries, human resource functions, human resources management, HR, HRM. JEL Classification: M19 |
| first_indexed | 2024-12-11T08:45:40Z |
| format | Article |
| id | doaj.art-d1f5c4a60e28410689f64a0bbfa5a8a5 |
| institution | Directory Open Access Journal |
| issn | 1727-7051 1810-5467 |
| language | English |
| last_indexed | 2024-12-11T08:45:40Z |
| publishDate | 2016-09-01 |
| publisher | LLC "CPC "Business Perspectives" |
| record_format | Article |
| series | Problems and Perspectives in Management |
| spelling | doaj.art-d1f5c4a60e28410689f64a0bbfa5a8a52022-12-22T01:14:08ZengLLC "CPC "Business Perspectives"Problems and Perspectives in Management1727-70511810-54672016-09-0114323223810.21511/ppm.14(3-1).2016.097656The importance of human resources management for small businesses in South AfricaYu-Ting HungMichael C. CantJohannes A. WiidThe majority of SMEs fail in the first five years of operation (Cant and Ligthelm, 2003). Human resource management (HRM) has been identified as a crucial key success factor for SMEs in today’s world. This research study investigates small business owners’ perception of the importance of HRM. The objective of this paper is to determine the perceived importance of human resources (HR) among South African SMEs and the management of it. A questionnaire was constructed and judgement sampling was used to gather the responses of 88 small business owners. The research revealed that the majority of SMEs have HR practices of some sort in place, as well as areas to improve on HR practices. The challenge now is to further increase the adoption of HR management and practices among small businesses in South Africa to ensure their success, as they play a vital role in the South African economy. Keywords: South African SMEs, developing countries, human resource functions, human resources management, HR, HRM. JEL Classification: M19https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/7656/PPM_2016_03cont1_Hung.pdf |
| spellingShingle | Yu-Ting Hung Michael C. Cant Johannes A. Wiid The importance of human resources management for small businesses in South Africa Problems and Perspectives in Management |
| title | The importance of human resources management for small businesses in South Africa |
| title_full | The importance of human resources management for small businesses in South Africa |
| title_fullStr | The importance of human resources management for small businesses in South Africa |
| title_full_unstemmed | The importance of human resources management for small businesses in South Africa |
| title_short | The importance of human resources management for small businesses in South Africa |
| title_sort | importance of human resources management for small businesses in south africa |
| url | https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/7656/PPM_2016_03cont1_Hung.pdf |
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