Human Resource Management Strategies in the Small Business sector

Abstract

The dissertation is devoted to research of theoretical and methodical bases of Human Resource Management Strategies in the Small Business Sector. The author clarified the essence of Strategic human resource management (SHRM) and highlighted its main features by considering this concept along with such categories as "Personnel Management", "Human Resource Management" and "Human Capital Management". Critical analysis highlights key features of SHRM, such as:1) intended for the future and allows you to achieve long-term goals and results;2) provides for proactive management; 3) SHRM costs are considered by the company as an investment in the future; 4) one of the element of management are people and their knowledge; 5) provides a comprehensive approach – coordination of business strategy with the methods of Personnel Management of the company; 6) focuses on partnerships between employees; 7) involves the formation of Personnel Management strategy in order to achieve measurable goals of the organization. Based on this, the author has improved the interpretation of the concept of "Strategic Human Resource Management