Managing Human Resources in Small and Entrepreneurial Firms

What is the primary focus of HRM in small organizations?

• Managing compliance with labor laws.

• Developing strategies to recruit, retain, and develop employees with limited resources.

• Offering extensive employee benefits.

• Expanding global operations.

What percentage of GDP do SMEs contribute in Malaysia in 2023?

• 25.5%

• 39.1%

• 48.5%

• 60.2%

Which HR function involves aligning individual goals with organizational objectives?

• Recruitment

• Training and Development

• Performance Management

• Compensation and Benefits

What is one major challenge small businesses face in HRM compared to large businesses?

• Over-reliance on formal HR policies.

• Access to advanced tools like web-based recruiting platforms.

• Too many HR professionals on staff.

• Excessive resources allocated to HR.

Which theory emphasizes leveraging internal resources as a source of competitive advantage?

• Systems Theory

• Equity Theory

• Resource-Based View (RBV)

• Herzberg’s Two-Factor Theory

What service is NOT typically provided by a Professional Employer Organization (PEO)?

• Payroll and tax administration.

• Employee benefits management.

• Core business strategy development.

• Ensuring compliance with labor laws.

In China, which cultural norm strongly influences HR practices in SMEs?

• Hierarchical management

• Profit-sharing agreements

• Flexible work arrangements

• Guanxi (personal networks)

What tool is commonly used by Malaysian SMEs for digital HR solutions?

• WeChat

• Zhaopin

• Jobstreet

• Kakitangan.com

What is the main focus of India's HR initiatives in SMEs?

• Aligning with cultural norms

• Enhancing employee benefits

• Skill development through government programs

• Increasing compliance costs

What is one advantage of using PEOs for small businesses?

• Reduces administrative burdens and enhances employee benefits

• Eliminates the need for workforce training

• Increases HR-related compliance costs

• Removes the business owner's control over HR functions