A Competitive Analysis of Strategic HCM vs. Traditional HRM For Small Enterprises in Jalgaon

Author(s)	Mr. Hemant Shantaram Dhanandhare, Ms. Revati Vilas Patil
Country	India
Abstract	In the rapidly evolving industrial landscape of Jalgaon, a prominent Tier 2 hub for manufacturing and agriculture-based industries, small-scale enterprises are facing unprecedented challenges in retaining talent and achieving productivity. Traditionally, these organizations have relied on Human Resource Management (HRM), a reactive, administrative approach focused on payroll, compliance, and basic record-keeping. However, the modern competitive environment demands a shift toward Human Capital Management (HCM), which views employees not as a cost to be managed, but as a strategic asset to be developed.
Keywords	Human Capital Management (HCM), Traditional HRM, Small-Scale Industries, Jalgaon City, Strategic Growth, Workforce Productivity.
Field	Business Administration
Published In	Volume 7, Issue 6, November-December 2025
Published On	2025-12-30
DOI	https://doi.org/10.36948/ijfmr.2025.v07i06.64979

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