Human Resource Management
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Small and Medium Enterprises in India — Certificate Course on MSME.
One-liners from this chapter
Free sample — 8 of 65 rapid-fire Q&A cards.
What is the strategic definition of Human Resource Management (HRM)?
HRM is the strategic approach to managing people in an organisation so that they help the business gain a competitive advantage.
How many MSMEs exist in India, and how many people do they employ?
More than 6.3 crore MSMEs employing 11 crore people
Why is HRM considered doubly important for MSMEs compared to larger firms?
The owner-manager typically wears multiple hats, and a small team means every person's performance is amplified or impaired across the entire enterprise.
On which date were all four new labour codes notified?
21 November 2025
What is a key characteristic of HRM in MSMEs regarding who makes HR decisions?
Most HR decisions are taken by the founder due to owner-manager dominance.
Which four labour codes replaced the older labour legislation in India?
Code on Wages 2019, Industrial Relations (IR) Code 2020, OSH Code 2020, and Social Security Code 2020
How is recruitment typically conducted in MSMEs due to resource constraints?
MSMEs commonly rely on word-of-mouth, personal networks, and informal processes rather than formal HR departments.
Which Act did the OSH Code 2020 replace in governing workplace safety?
The Factories Act, 1948
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