Many small business owners and CEOs consider Human Resources to be a function reserved for large organisations and not a genuine requirement until they reach a certain size. Nothing could be further from the truth!
Here are five reasons why HR is so important for small business:
Fast growing organisations often lack the foresight to build a workforce plan as they’re busy with day-to-day business operations. HR can help map-out and plan business growth in a seamless and considered manner, moving the business from a reactive state to proactive.
Rules and regulations apply regardless of the size of a business. Ensuring that a business is compliant impacts all aspects of the employee relationship, from recruitment, to managing performance, to remuneration and through termination.
Help Hire Talent
The success of any company is its people. Small businesses benefit by engaging with HR to help attract, find and secure talent who complement their area of expertise. Conducting the recruitment process in a structured and best practice manner will only serve to increase the success rate of new employees.
HR leads the way in working with the leadership team to set the expected behaviours that form the organisational culture. HR works with employees and the leadership team to identify these behaviours, but also ensures that they are embedded in everything the organisation does.
Training & Development
HR management can benefit a small business not only by providing training for employees but by being aware of the many no-cost/low options that may be available.
Even small businesses need some kind of HR presence. There are a number of things that human resources professionals can do for a business that other employees just can’t.
Keep in mind, you don’t necessarily need to hire a full HR department for a small business, you can also consider hiring a part-time HR or outsourcing your HR function to an external firm.
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