Notice of RetractionExploring and analysis on strategies of SMEs´ human resource management in the period of post financial crisis

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

With the outbreak of financial crisis, a large number of small-and-medium-sized enterprises (SMEs) formulated and implemented passive human resource management strategies dealing with crisis for the purpose of survival. Though the execution of such passive measures as reducing personnel, pay cuts, hiring freeze, reduction in training investment, etc. achieved some effects at the beginning of financial crisis, in the later period of the crisis, it also set some obstacles for the recovery of these SMEs in terms of difficulty in recruitment, increasing cost on manpower, the decrease of salary competition, the strained relations between employees and employers, and high rate of abdication. Therefore, the thesis proposes that in the post financial crisis period, SMEs should improve their human resource management effect through such strategies as emphasis on human resource programming, construction of fair and equitable pay mechanism, Strengthening and optimization of enterprises´ performance management, emphasis on employees´ consecutive training, constructing an effective staff management mechanism, innovation measures taken to control human resource cost, and improving professional quality of HRM.