Are you aware that almost half of start-ups fail in the first year of beginning operations due to many different reasons, and not having a proper HR strategy is one of them!!
Now we often think that HR is something that big companies and conglomerates focus on, but that is far from true. HR as a function and business partner is critical for all types of businesses – be it SMEs, start-ups or corporations.
Giving priority to HR in small businesses is not that common which is why HR managers face certain key challenges in trying to make entrepreneurs see how Human Resource function can help take their business to new heights.
According to a study conducted by The Society for Human Resource Management (SHRM), here are some of the challenges that HRs are most likely to face within a span of 10 years.
Almost 59% feel that retaining and rewarding top employees is a major issue
While 52% think that developing the next generation of leaders is a tough challenge
Lastly, 36% feel that creating a work-friendly culture attracts the best and the most talented employees
SMEs have the opportunity to create a work-friendly, easy-going environment with an open culture so the employees can relax and focus on work. HR managers working in such small-scale companies can easily address work-place problems by leveraging people process and technology, if they are empowered and trusted upon.
Pls join this session to learn more about the strategic role HR can plan in Small and Medium Enterprises today and in future.
1. Role of HR as a strategic advisor to the Founders/CEO’s of SME’s
2. What are the HR priorities in Small and medium enterprises during current times.
3. How to adapt your HR policies for unprecedented events like Covid? Can we be future ready?