HUMAN RESOURCE PRACTICES IN MSMES IN COIMBATORE DISTRICT OF TAMIL NADU

Abstract

The purpose of this study is to investigate these approaches and provide insights on how MSMEs can increase their workforce's stability and commitment, which will improve their overall sustainability and productivity. It is impossible to exaggerate the importance of employee retention for MSMEs. Elevated employee turnover rates may result in increased hiring and on boarding expenses, function disruptions, and depletion of organizational expertise. Furthermore, keeping qualified workers on board is essential to preserving the caliber and consistency of goods and services, which has a direct impact on client happiness and company expansion. Employee retention is not only a corporate need but also a socioeconomic requirement in Coimbatore, where MSMEs constitute the foundation of the local economy. This paper made an attempt to discuss the Human Resource Practices in MSMEs in Coimbatore District of Tamil Nadu.