Innovative Approach to Improving the Human Capital Management System in Small Businesses

Authors

  • Ruzikulova Dilnoza Kholikovna Senior teacher, Department of Social and Economic Sciences, Shakhrisabz Branch of Tashkent Institute of Chemical Technology, Shakhrisabz, Uzbekistan

DOI:

https://doi.org/10.31150/ajebm.v7i12.3169

Keywords:

human capital, theories, work, personnel management, methods, resources, manager, knowledge, skills

Abstract

This paper explores best practices for enhancing human capital management (HCM) in small firms. It outlines key investment streams that provide a structured approach for assessing the market value of human capital within local enterprises. Additionally, a framework for the development, retention, and effective deployment of human capital is proposed to improve the competitiveness of small businesses. To enhance financial performance, organisations are encouraged to implement innovation and investment-based human capital management practises, recognising that employees are valuable human capital resources.

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Published

2024-12-13

How to Cite

Dilnoza Kholikovna, . R. . (2024). Innovative Approach to Improving the Human Capital Management System in Small Businesses. American Journal of Economics and Business Management, 7(12), 1618–1626. https://doi.org/10.31150/ajebm.v7i12.3169

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