Talent Management in Small and Medium Enterprises: Context, Practices and Outcomes

This book provides a comprehensive overview of talent management in small and medium enterprises (SMEs), which constitute a significant part of the national economy in many countries. It offers practical insights and methods for acquiring, developing, and retaining talented employees who can contribute to the success of SMEs and the execution of business strategies.

Format: Paperback / softback
Length: 160 pages
Publication date: 29 April 2022
Publisher: Taylor & Francis Ltd

Talent management in small and medium enterprises (SMEs) plays a crucial role in expanding the body of knowledge related to talent management in these businesses. Despite the increasing number of publications on talent management in recent years, research has primarily focused on large companies, leading to limited applicability of theoretical concepts and practices in SMEs. Recognizing the significant contribution of SMEs to national economies in many countries, authors emphasize the need for in-depth investigation into talent management within these enterprises.

This book aims to serve as a valuable resource for managers and owners of SMEs, providing them with comprehensive information on practices and methods related to the acquisition, development, and retention of talented employees. By leveraging the expertise of academic researchers, postgraduate students, and reflective practitioners, the book offers a state-of-the-art overview of talent management in SMEs.

The first chapter provides an introduction to talent management, highlighting its importance in driving business success and the challenges SMEs face in managing talent effectively. It explores the unique characteristics of SMEs, such as their agility, flexibility, and limited resources, and how these factors impact talent management strategies.

The second chapter delves into the acquisition of talent, emphasizing the importance of identifying and attracting high-potential employees. It discusses various recruitment strategies, such as online job boards, social media recruitment, and employee referrals, and explores how SMEs can leverage their unique culture and values to attract and retain top talent.

The third chapter focuses on talent development, highlighting the need for ongoing training and development programs to enhance the skills and competencies of employees. It explores various training methods, such as classroom training, on-the-job training, and mentoring, and discusses how SMEs can tailor their development programs to meet the specific needs of their employees and promote career growth.

The fourth chapter explores talent retention, emphasizing the importance of creating a positive work environment and fostering employee engagement. It discusses strategies for building strong employee relationships, promoting work-life balance, and providing opportunities for career advancement.

The fifth chapter examines the role of technology in talent management, highlighting the benefits and challenges of using digital tools and platforms to manage talent. It discusses the use of talent management software, social media recruitment, and virtual collaboration tools, and explores how SMEs can leverage technology to improve their talent acquisition, development, and retention processes.

The final chapter provides a conclusion, summarizing the key findings and recommendations of the book. It emphasizes the importance of continuous learning and adaptation in talent management, as SMEs face rapidly changing business environments. It encourages managers and owners of SMEs to embrace new practices and technologies to enhance their talent management strategies and achieve sustainable competitive advantage.

In conclusion, talent management in SMEs is a critical area of research that requires attention and investment. This book offers a comprehensive and practical guide for managers and owners of SMEs, providing them with the knowledge and tools they need to acquire, develop, and retain talented employees and drive business success. By leveraging the expertise of academic researchers, postgraduate students, and reflective practitioners, the book provides a state-of-the-art overview of talent management in SMEs and contributes to the body of knowledge in this field.

Dimension: 216 x 138 (mm)
ISBN-13: 9780367522384