The Open Area Studies Journal

2009, 2 : 31-38
Published online 2009 November 19. DOI: 10.2174/18749143009020100031
Publisher ID: TOARSJ-2-31

The Impact of Human Resource Management on Small and Medium Enterprise Success in Hong Kong

Fanny Yuk Fun Young
Hong Kong Shue Yan University, 10 Wai Tsui Cresent, Braemer Hill, North Point, Hong Kong;

ABSTRACT

The aim of this project is to determine the association between different human resource management (HRM) practices and business success in small and medium enterprises in Hong Kong. The 1300 entrepreneurs were randomly drawn from the membership list of the Hong Kong Small and Medium Enterprise (SME) Association and the number of responded questionnaires was 394. Based on the responses, the extent of each HRM practice was correlated with the degree of business success. The correlation coefficient, Spearman r were ranged from 0.64 to 0.83. In conclusion, HRM practices were significantly correlated with business success in the SMEs in Hong Kong.

Keywords:

Human resource management, business success, small and medium enterprises, job analysis, human resource planning, training, performance appraisal.