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International Journal for Research Trends and Innovation
International Peer Reviewed & Refereed Journals, Open Access Journal
ISSN Approved Journal No: 2456-3315 | Impact factor: 8.14 | ESTD Year: 2016
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Issue: October 2025
Volume 10 | Issue 10
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Impact Factor : 8.14
Issue per Year : 12
Volume Published : 10
Issue Published : 113
Article Submitted : 18006
Article Published : 7746
Total Authors : 20484
Total Reviewer : 747
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| Paper Title: | Talent Management in SMEs: Balancing Cost Constraint and Employee Retention |
| Authors Name: | Prince Singh |
| Download E-Certificate: | Download |
| Author Reg. ID: |
IJRTI_204632
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| Published Paper Id: | IJRTI2506073 |
| Published In: | Volume 10 Issue 6, June-2025 |
| DOI: | |
| Abstract: | This research paper conducts an analysis to understand how Small and Medium Enterprises (SMEs) often struggle with hiring and retaining qualified and skilled employees due to having a cost constraint. Unlike large enterprises that have resources and they can offer high pay, monetary and non-monetary benefits to their employees. SMEs must find creative and cost-effective ways to manage talent and reduce employee turnover. This study looks into how these SMEs can balance cost constraint and employee retention while still creating strong talent management (TM) strategies. With the help of mixed-method ways, the research manages to collect data from 67 employees and 15 HR/Managers through questionnaire surveys and telephonic or in-person interviews. This research is theatrical based only. The findings of this research show that while cost is limited, most of the HR/Managers often face challenges to hire and retain the employees. And the findings also show that they face challenges from large enterprises. This research also mentioned that SMEs lack proper HR policies, which affects employee satisfaction. This research concludes that employees were ready to leave if they got a better opportunity. Even with cost constraints, SMEs can improve retention by aligning talent management with business goals, using low-cost training and building supportive leadership |
| Keywords: | Talent Management, SMEs, Employees Retention, Cost Constraints |
| Cite Article: | "Talent Management in SMEs: Balancing Cost Constraint and Employee Retention", International Journal of Science & Engineering Development Research (www.ijrti.org), ISSN:2455-2631, Vol.10, Issue 6, page no.a627-a630, June-2025, Available :http://www.ijrti.org/papers/IJRTI2506073.pdf |
| Downloads: | 000239 |
| ISSN: |
2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016 An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator |
| Publication Details: |
Published Paper ID: IJRTI2506073
Registration ID:204632
Published In: Volume 10 Issue 6, June-2025
DOI (Digital Object Identifier):
Page No: a627-a630 Country: Greater Noida, Uttar Pradesh, India Research Area: Management Publisher : IJ Publication Published Paper URL : https://www.ijrti.org/viewpaperforall?paper=IJRTI2506073 Published Paper PDF: https://www.ijrti.org/papers/IJRTI2506073 |
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ISSN: 2456-3315
Impact Factor: 8.14 and ISSN APPROVED,
Journal Starting Year (ESTD) : 2016
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