Abstract:
Internationalized Tech-based Small and Medium Enterprises (TSMEs) are one of
the major elements in the present globalized world scenario. In contemporary
circumstances, Human Resources (HR) have become the most noteworthy asset
for internationalized TSMEs as the ‘intellectual capacity’ is directly associated
with the achievement of TSME’s objectives through efficient and effective
management of technology, resources and people while balancing the cost
structure of the internationalized TSMEs at an optimal level. It is essential to
perfectly match the internationalized TSME’s small number of people with their
specific job roles within the internationalized TSMEs so as to face the dynamic
globalized business context whereas the turnovers directly affect the TSME’s
sustainable growth and development. There is a dearth of research regarding the
effects of human resource practices on turnover intention in Tech-based Small and
Medium Gem and Jewellery Enterprises in Sri Lanka. A sample of 176 employees
was selected using Multi-stage random sampling from the Gem and Jewellery
TSMEs which are located in the Kurunegala District. Both descriptive and
inferential techniques were used to analyze data. As per the findings, it was
observed that the employees are satisfied with the existing human resources
practices in the Gem and Jewellery TSMEs in the Kurunegala district. In
accordance with the correlation coefficient analysis, there is a strong negative
correlation between HR practices and turnover intention. In addition, all six
human resource practices (Job Information, Job Analysis, Career Development,
Work-Family Balance, Supervisor Support and Compensation) identified within
this study context, affected the employee turnover intention within an
internationalized TSME in a negative manner.
