Human Resource Management Strategy as a tool for Repositioning the Nigerian Small and Medium Enterprises

Abstract

Small and medium enterprises (SMEs) from every indication has not been able to provide the expected drive to the Nigerian economy in spite of the overwhelming support from government and other local and foreign agencies. Researches have attributed this observed concern to some armies of factors among which are owners’ knowledge gap and indiscipline, power inadequacy and failure, managerial mistakes, finance sourcing and management, crude technological applications, and regulatory burden to mention few with less attention to inadequacy in human resource management (HRM) and lack of purposeful human resource management strategies to address employees’ management. It was based on this observation that this paper explored issues within HRM and Nigerian SMEs to suggest basic pertinent strategies of HRM that can reposition SMEs in Nigeria to bring about desired economic growth and development of the country.