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Human Capital in Malaysian SMEs: HR Practices, Uniqueness, and Value

Human Capital in Malaysian SMEs: HR Practices, Uniqueness, and Value
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Author(s): Kenneth Cafferkey (Universiti Tun Abdul Razak, Malaysia), Brian Harney (Dublin City University, Ireland) and Pua Eng Teck (Universiti Tun Abdul Razak, Malaysia)
Copyright: 2014
Pages: 16
Source title: Effective Human Resources Management in Small and Medium Enterprises: Global Perspectives
Source Author(s)/Editor(s): Carolina Machado (University of Minho, Portugal) and Pedro Melo (University of Minho, Portugal)
DOI: 10.4018/978-1-4666-4731-2.ch002

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Abstract

This chapter explores Human Capital in Malaysian SMEs. Malaysia has placed significant policy emphasis on indigenous SMEs as a basis for achieving economic growth and competitiveness. This renders the human capital infrastructure of SMEs of critical importance. However, the reality is that there is little information as to the nature of HR practices and their impact in Malaysian SMEs. This chapter aims to fill this void by exploring descriptive findings from a unique sample of over 200 Malaysian SMEs. Drawing on the work of Lepak and Snell in particular, the chapter offers insights into human capital uniqueness and human capital value in the firms investigated. The performance and policy implications of the research are discussed and future research avenues outlined.

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