Abstract
<p>Human resource management (HRM) plays an important role in every enterprise. Nowadays, in China, more and more enterprises, not only large companies, but also small and medium-sized enterprises (SMEs) choose to outsource their HRM activities for economic and strategic benefits. According to the feature of HRM in SMEs, this paper builds a more systematic and practical human resource management outsourcing decision model for SMEs. In this decision model, HRM activities are classified into transaction, profession and strategy levels, and economic benefit, core competence enhancement and risks are taken into consideration. Applying multi-objective intelligent weighted grey target decision method based on combination weighting approach, the decision model can help the enterprise decide which HRM activities should be outsourced in priority sequence. The study proposes a scientific guidance for China’s SMEs to make the HRM outsourcing decision. </p>
Highlights
With the further development of economic globalization, the market has entered into a phase full of intense and specialized competition
This paper introduces the combination weighting method based on AHP and Maximizing Deviation method
Assign the weights by the combination weighting method based on AHP and Maximizing Deviation method, the weights are shown as follow:
Summary
With the further development of economic globalization, the market has entered into a phase full of intense and specialized competition. Outsourcing has become a pervasive business practice used in a number of organizational functions, such as human resource management (Belcourt, 2006). Different industries have different criteria on the indicators like practitioners, operating income and total assets when defining SMEs. In the context of Chinese society, compared to large enterprises, SMEs usually haven’t reached a certain scale, formed a specific and mature management mode, nor occupied an important place in the market. As the outsourcing market is growing mature gradually, outsourcing has become a good choice for SMEs to deal with the HRM functions. With the wide application of HRM outsourcing in SMEs, SMEs can improve their management abilities, and the outsourcing market in China will develop rapidly
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