ACHIEVING ORGANISATIONAL EFFICIENCY IN SMALL AND MEDIUM ENTERPRISES THROUGH STRUCTURAL EQUATION MODEL
The Structural equation model which narrates the HR Practices and interrelationship between the Human Resource variables as the estimated values.HR practices in SMEs are able to have significant impact useful to increase employee efficiency, organisational efficiency, productivity and profitability.467 employees of small and medium-sized businesses in Chennai were interviewed and given questionnaires about HRM performance and practise. To interview the manager for a critical role, a format for the questionnaire is being developed. In addition, direct interviews were conducted to get the perspectives of the employees and subordinates. The 101-item questionnaire was created to assess the HRM performance and practises of SMEs in Chennai. These 101 Items are categorised under the eleven primary components of employee human resource practises.
Structural Equation Model, HR Practices, SMEs