Human Capital Development Strategies In Micro, Small, And Medium Enterprises: A Qualitative Analysis Of Human Resource Management Practices
DOI:
https://doi.org/10.53958/mt.v4i4.477Keywords:
Human capital development, Micro, Small and medium enterprises (MSMEs), Qualitative analysis, Human resource management (HRM) practices, Workforce development strategiesAbstract
This qualitative study explores human capital development strategies in Micro, Small, and Medium Enterprises (MSMEs). The research aims to investigate HRM practices within MSMEs to identify effective strategies for human capital development. Employing a qualitative research model, semi-structured interviews and focus group discussions were conducted to gather data from a purposive sample of MSME owners and managers. Thematic analysis was utilized to analyze the data. The study revealed diverse approaches to human capital development, including training programs, mentorship, and performance evaluations. Moreover, it identified challenges such as resource constraints and skill mismatches. Overall, the findings contribute to understanding the nuanced dynamics of human resource management in MSMEs and provide insights for improving human capital development strategies in this sector.
References
Adeleye, I., & Fagbohungbe, B. (2019). Human capital development and firm performance: evidence from small and medium enterprises (SMEs) in Nigeria. Journal of Entrepreneurship in Emerging Economies, 11(1), 127-146.
Basu, S., & Virick, M. (2019). Exploring the role of human capital development in small and medium enterprises (SMEs): A systematic literature review. Journal of Small Business and Enterprise Development, 26(1), 2-27.
Beck, T., Chen, T., & Miao, Q. (2017). How do firms respond to hiring difficulties? Evidence from their bank credit. Journal of Money, Credit and Banking, 49(8), 1815-1840.
Cahyatih Kumandang, Ruslaini Ruslaini, Seger Santoso, & Muhammad Rizal. (2022). Optimizing Organizational Performance : Exploring The Integration Of AI And HR Practices. The International Conference on Education, Social Sciences and Technology (ICESST), 1(2), 269–277. https://doi.org/10.55606/icesst.v1i2.381
Chelliah, S., Velnampy, T., & Kumar, P. R. (2021). Human capital development practices and employee performance in the small and medium enterprises (SMEs) in Sri Lanka: Moderating effect of job satisfaction. International Journal of Productivity and Performance Management.
Creswell, J. W., & Poth, C. N. (2018). Qualitative inquiry and research design: Choosing among five approaches. Sage publications.
Dutta, S. (2020). Micro, small and medium-sized enterprises (MSMEs): An overview. In Handbook of Research on Micro, Small, and Medium Enterprises in Developing Countries (pp. 1-26). IGI Global.
Ekawahyu Kasih, Farah Qalbia, & Novrizal Novrizal. (2022). Empowering Talent In The Age Of Artificial Intelligence: Innovations In Human Resource Management. The International Conference on Education, Social Sciences and Technology (ICESST), 1(2), 287–295. https://doi.org/10.55606/icesst.v1i2.383
Fatoki, O., & Smit, A. (2011). Constraints to credit access by new SMEs in South Africa: A supply side analysis. African Journal of Business Management, 5(7), 2698-2705.
Guest, G., Bunce, A., & Johnson, L. (2006). How many interviews are enough? An experiment with data saturation and variability. Field methods, 18(1), 59-82.
Irawan, D., Prabowo, H., Kuncoro, E. A., & Thoha, N. (2021). Operational Resilience and Human Capital Toward Corporate Sustainable Longevity in Indonesian “Jamu” Industry. Journal of Asian Finance, Economics and Business, 8(3), 1035–1044. https://doi.org/10.13106/jafeb.2021.vol8.no3.1035
Khan, A. (2018). Entrepreneurship and MSMEs in the Global Economy. In The Palgrave Handbook of Global Entrepreneurship (pp. 1-32). Palgrave Macmillan.
Kumandang, C., & Hendriyeni, N. (2021). Corporate Social Responsibility, Corporate Governance dan Manajemen Laba pada Perusahaan Manufaktur di Indonesia Tahun 2015-2019. Journal of Management and Business Review, 18(2), 193-208. https://doi.org/10.34149/jmbr.v18i2.273
Mohammad Chaidir, Grace Yulianti, Seger Santoso, & Cahyatih Kumandang. (2023). Financial Management Proficiency For MSMEs. Proceeding of The International Conference on Business and Economics, 1(2), 285–293. https://doi.org/10.56444/icbeuntagsmg.v1i2.1460
Muhammad Rizal, Novrizal Novrizal, Dadang Irawan, & Mia Christy Patricia. (2023). Human Potential in the AI Era: Strategies for Cultivating Exceptional Talent. The International Conference on Education, Social Sciences and Technology (ICESST), 1(2), 260–268. https://doi.org/10.55606/icesst.v1i2.380
Mwaura, M., Kiarie, P., & Gachanja, C. (2020). Impact of entrepreneurship education on entrepreneurial intentions of university students: A case of public universities in Nairobi County. Journal of Entrepreneurship Education, 23(4), 1-12.
Nair, S., & Thomas, P. A. (2017). Role of human capital in the growth and development of MSMEs: A review. Journal of Global Entrepreneurship Research, 7(1), 1-16.
Neuman, W. L. (2014). Social research methods: Qualitative and quantitative approaches. Pearson.
Patricia, M. C. (2023). Sustainable Retail Financing in Turbulent and Difficult Market Conditions: A Dynamic Capability Perspective. Journal of Management and Entrepreneurship Research, 4(1), 17-29.
Ruslaini Ruslaini, Dadang Irawan, Farah Qalbia, & Seger Santoso. (2022). Optimizing Human Capital in the Era of AI Advancements : Strategi for the Future Workforce. The International Conference on Education, Social Sciences and Technology (ICESST), 1(2), 278–286. https://doi.org/10.55606/icesst.v1i2.382
Saunders, M. N., Lewis, P., & Thornhill, A. (2018). Research methods for business students. Pearson.
Santoso, S., Qalbia, F., & Benardi, B. (2023). Dampak Pandemi Covid 19 Terhadap Kinerja Keuangan Bank Umum di Indonesia. ASSET: Jurnal Manajemen dan Bisnis, 6(1). doi:https://doi.org/10.24269/asset.v6i1.7133
Basu, S., & Virick, M. (2019). Exploring the role of human capital development in small and medium enterprises (SMEs): A systematic literature review. Journal of Small Business and Enterprise Development, 26(1), 2-27.
Beck, T., Chen, T., & Miao, Q. (2017). How do firms respond to hiring difficulties? Evidence from their bank credit. Journal of Money, Credit and Banking, 49(8), 1815-1840.
Cahyatih Kumandang, Ruslaini Ruslaini, Seger Santoso, & Muhammad Rizal. (2022). Optimizing Organizational Performance : Exploring The Integration Of AI And HR Practices. The International Conference on Education, Social Sciences and Technology (ICESST), 1(2), 269–277. https://doi.org/10.55606/icesst.v1i2.381
Chelliah, S., Velnampy, T., & Kumar, P. R. (2021). Human capital development practices and employee performance in the small and medium enterprises (SMEs) in Sri Lanka: Moderating effect of job satisfaction. International Journal of Productivity and Performance Management.
Creswell, J. W., & Poth, C. N. (2018). Qualitative inquiry and research design: Choosing among five approaches. Sage publications.
Dutta, S. (2020). Micro, small and medium-sized enterprises (MSMEs): An overview. In Handbook of Research on Micro, Small, and Medium Enterprises in Developing Countries (pp. 1-26). IGI Global.
Ekawahyu Kasih, Farah Qalbia, & Novrizal Novrizal. (2022). Empowering Talent In The Age Of Artificial Intelligence: Innovations In Human Resource Management. The International Conference on Education, Social Sciences and Technology (ICESST), 1(2), 287–295. https://doi.org/10.55606/icesst.v1i2.383
Fatoki, O., & Smit, A. (2011). Constraints to credit access by new SMEs in South Africa: A supply side analysis. African Journal of Business Management, 5(7), 2698-2705.
Guest, G., Bunce, A., & Johnson, L. (2006). How many interviews are enough? An experiment with data saturation and variability. Field methods, 18(1), 59-82.
Irawan, D., Prabowo, H., Kuncoro, E. A., & Thoha, N. (2021). Operational Resilience and Human Capital Toward Corporate Sustainable Longevity in Indonesian “Jamu” Industry. Journal of Asian Finance, Economics and Business, 8(3), 1035–1044. https://doi.org/10.13106/jafeb.2021.vol8.no3.1035
Khan, A. (2018). Entrepreneurship and MSMEs in the Global Economy. In The Palgrave Handbook of Global Entrepreneurship (pp. 1-32). Palgrave Macmillan.
Kumandang, C., & Hendriyeni, N. (2021). Corporate Social Responsibility, Corporate Governance dan Manajemen Laba pada Perusahaan Manufaktur di Indonesia Tahun 2015-2019. Journal of Management and Business Review, 18(2), 193-208. https://doi.org/10.34149/jmbr.v18i2.273
Mohammad Chaidir, Grace Yulianti, Seger Santoso, & Cahyatih Kumandang. (2023). Financial Management Proficiency For MSMEs. Proceeding of The International Conference on Business and Economics, 1(2), 285–293. https://doi.org/10.56444/icbeuntagsmg.v1i2.1460
Muhammad Rizal, Novrizal Novrizal, Dadang Irawan, & Mia Christy Patricia. (2023). Human Potential in the AI Era: Strategies for Cultivating Exceptional Talent. The International Conference on Education, Social Sciences and Technology (ICESST), 1(2), 260–268. https://doi.org/10.55606/icesst.v1i2.380
Mwaura, M., Kiarie, P., & Gachanja, C. (2020). Impact of entrepreneurship education on entrepreneurial intentions of university students: A case of public universities in Nairobi County. Journal of Entrepreneurship Education, 23(4), 1-12.
Nair, S., & Thomas, P. A. (2017). Role of human capital in the growth and development of MSMEs: A review. Journal of Global Entrepreneurship Research, 7(1), 1-16.
Neuman, W. L. (2014). Social research methods: Qualitative and quantitative approaches. Pearson.
Patricia, M. C. (2023). Sustainable Retail Financing in Turbulent and Difficult Market Conditions: A Dynamic Capability Perspective. Journal of Management and Entrepreneurship Research, 4(1), 17-29.
Ruslaini Ruslaini, Dadang Irawan, Farah Qalbia, & Seger Santoso. (2022). Optimizing Human Capital in the Era of AI Advancements : Strategi for the Future Workforce. The International Conference on Education, Social Sciences and Technology (ICESST), 1(2), 278–286. https://doi.org/10.55606/icesst.v1i2.382
Saunders, M. N., Lewis, P., & Thornhill, A. (2018). Research methods for business students. Pearson.
Santoso, S., Qalbia, F., & Benardi, B. (2023). Dampak Pandemi Covid 19 Terhadap Kinerja Keuangan Bank Umum di Indonesia. ASSET: Jurnal Manajemen dan Bisnis, 6(1). doi:https://doi.org/10.24269/asset.v6i1.7133
Downloads
Published
2023-10-31
How to Cite
Herjanto, T. (2023). Human Capital Development Strategies In Micro, Small, And Medium Enterprises: A Qualitative Analysis Of Human Resource Management Practices. Maisyatuna, 4(4), 38–48. https://doi.org/10.53958/mt.v4i4.477
Issue
Section
Articles
