Association Between Size Of Smes, Years Of Its Existence And Recruitment And Selection Practices With Special Reference To Bengaluru And Mysuru Regions

Abstract

An organization, which could belong to the manufacturing sector, insurance industry, government institutions, community organizations, universities, school systems, social units, or even families, may vary in size and complexity. Regardless of its scale, an organization brings together individuals to collaboratively achieve specific goals or missions. The implementation of Human Resource practices is contingent on the organization's size, and distinctions exist between the practices of large corporations and small businesses. The prosperity of small businesses hinges on the effectiveness of their human resource management. In this study, the overall mean serves as a benchmark for determining the formal adoption status of human resource management (HRM) practices. Scores above the overall mean indicate a formal adoption of HRM practices, while scores below signify an informal adoption. The findings reveal that only a limited number of small and medium-sized enterprises (SMEs) have formally embraced recruitment and selection practices. Moreover, larger SMEs exhibit a higher likelihood of formally adopting these practices, suggesting a positive correlation between SME size and the adoption of formal recruitment and selection processes. Additionally, the study indicates that younger SMEs are more inclined to adopt formal recruitment and selection practices compared to their older counterparts, underscoring an increase in formal adoption as the years of SME existence decrease.