Review paper on outsourcing human resource functions in MSME sector

Abstract

This review paper aims to comprehensively analyze and synthesize existing literature on the outsourcing of human resource functions within the Micro, Small, and Medium Enterprises (MSME) sector. The MSME sector plays a crucial role in economic development, and as these enterprises grow, the need for effective human resource management becomes increasingly vital. Outsourcing HR functions has emerged as a strategic approach for MSMEs to optimize resources, enhance efficiency, and stay competitive in the dynamic business environment.