Human resource practices in small businesses in Republic of North Macedonia
Journal
Economic Development
Date Issued
2023-04
Author(s)
Piperkova, Irina; Djambaska, Elizabeta; Lozanoska, Aleksandra
Abstract
The primary objective of this paper is to identify human resource practices implemented by small firms, so as to better understand the
specifics of human resource management in small businesses. An online survey
was conducted among small businesses in the Republic of North Macedonia.
The research findings4
reveal that small firms in North Macedonia use employee referrals as a recruiting strategy and a traditional selection process
based on CV/interview analysis. Most of small businesses have some form of
consistent and continuous compensation system, with employee performance
as a main criterion for determining the compensation level. Employee training
has been identified as one of the biggest challenges that small businesses face.
Most small firms conduct employee training to improve job-specific skills for
current job tasks. In addition, employee trainings are implemented on an ad
hoc basis and largely depend on firms’ available financial resources, since
high training costs remain to be an obstacle to small firms.
specifics of human resource management in small businesses. An online survey
was conducted among small businesses in the Republic of North Macedonia.
The research findings4
reveal that small firms in North Macedonia use employee referrals as a recruiting strategy and a traditional selection process
based on CV/interview analysis. Most of small businesses have some form of
consistent and continuous compensation system, with employee performance
as a main criterion for determining the compensation level. Employee training
has been identified as one of the biggest challenges that small businesses face.
Most small firms conduct employee training to improve job-specific skills for
current job tasks. In addition, employee trainings are implemented on an ad
hoc basis and largely depend on firms’ available financial resources, since
high training costs remain to be an obstacle to small firms.
Subjects
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