Nov 7, 20222 min read

HR Challenges faced by Small and Medium Businesses by Mr. Vivek Anand.

A business is born out of Passion but grown with proper Planning & attention which needs a different approach & resources. You cannot grow the business with the same mindset with which you conceived it and brought it to the ground. This is the reason why more than 50% of small businesses close or face stagnancy during the first 5 year. A very small number of businesses become large. This can also be attributed to the lack of internal structure, processes, and practices in order to keep up their growth. You know what’s funny is 50% of small businesses are happy with the way they handle HR matters. Here’s the best catch. They think so because they push HR stuff to other staff who have little or no knowledge and training in HR. It’s like just because no one was hired and trained enough, anyone can do it. Truth is quite different from fiction. And here’s the truth. You can’t sign your employment contract (and that will happen if you keep pushing HR and allied functions to anyone in your organization). So, if you don’t have a clue where to start with the HR function, here are the HR must-haves for your small business to succeed. It’s not easy to build an HR team. And yes, it comes at a cost that may look huge for your business. But yes, you can always find expert consultants who takes off this load from your shoulder, and that too at a lower cost due to their shared services model Does this resonate with you? Click on the link to book a FREE consultation and we will share more details with you. Click here https://lnkd.in/e5q2Ariw