Human Resource Development as a Tool for Developing the Small and Medium Enterprises

Abstract

Human Resource Development (HRD) in Small and Medium-sized Enterprises (SMEs) is a significant area of research. As SMEs play an essential role in poverty reduction through employment generation they are playing a vital role for developing the economy of a nation. So it is essential for SMEs to take HRD more seriously as the good practice of HRD will maintain organizational performance and advancement. The aim of this study is to analyze the necessity of HRD in the advancement of SMEs. A sample of 234 respondents has been selected conveniently from all over the country specially Dhaka City of Bangladesh to. SPSS has been used to analyze collected data for descriptive statistics, correlation analysis, ANOVA, testing hypotheses and other general analysis. The result reveals that most of the enterprises are female oriented and sole proprietorship. After analyzing the correlation among the factors of HRD it is noted that there are a positive relationship of Technical and Vocational Education (TVE), training and Organizational Development (OD) with the advancement of SMEs. Study also found some drawbacks of the enterprises like investment of the almost 71% organization is below 10 lakhs and they are not satisfied with the current skills of the employees of the organization and most importantly they are not aware about the Career Planning and Development (CPD) and research. This paper also surveyed various literatures and reports on the concerned field and recommends supporting actions to help this highly prospective industrial sector to operate in a fully yielding manner.

Keywords: Advancement, Development, HRD, SMEs, Training.

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