Human Capital Development and Small-Medium Scale Enterprises Growth: A Critical Appraisal of Empirical Studies
Keywords:
Human Capital Development; SMEs; GrowthAbstract
Human capital is one of the most strategic input for the expansion of the organization`s growth. In view of this, the study critically appraised the submission of various scholars regarding the contributions of human capital development to SMEs growth over the time. Consequently, studies regarding the nexus between human capital development and SMEs growth are ongoing currently. Based on the perspectives of various studies it could be submitted that the majority of these studies are in support of the argument that human capital development has advanced the growth of SMEs significantly in the recent times. The growth of SMEs have been in terms of the production of novel goods, productivity, better profit margins, profitability, output significance and capital base. Therefore, this study recommends that the policymakers, the SMEs owners, shareholders and strategic managers should place maximum priority to development of their human resources whenever they have a plan to expand the growth of their organization.
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Copyright (c) 2023 Folake Olubunmi Lanre-Babalola, Olufemi Aina Ajose, Nancy Izegbuwa Tongo, Olufemi Samuel Omoyele, Timothy Ayomitunde Aderemi
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