Top 5 HR Strategies to Elevate Small Businesses ??
Did you know that many small businesses assign HR responsibilities to employees who have little to no experience in workforce issues? According to ADP 's Ad Hoc Human Resource Management Study, 70% of businesses with five to 49 employees rely on "ad hoc HR managers" to handle HR functions.
As a small business owner with less than 25 employees, it's crucial to prioritize HR in order to effectively manage your workforce. according to Workology there are 5 key areas to focus on:
1?? Compliance and systems: Ensure your HR professional is well-versed in workplace legislation and compliance. Establishing systems for HR functions, such as onboarding and payroll, helps maintain compliance and accuracy.
2?? Workforce planning: Align your HR strategies with your business goals, including forecasting, OKRs, and succession planning. Having an HR representative on your executive team can provide valuable insights to support company objectives.
3?? Administrative tasks: Though not glamorous, administrative HR tasks like payroll, paperwork, and benefits are crucial. Accuracy and compliance are vital, as simple errors can have costly consequences.
4?? Recruiting: Use the opportunity to create a strong employer brand, foster a positive company culture, and attract top talent. Develop a recruiting strategy that reaches the candidates you need and builds community relationships.
5?? Training and development: Invest in employee growth and engagement by offering learning opportunities and career development paths. This directly contributes to higher retention rates and a more satisfied workforce.
Having dedicated HR staff, even if it's a small team, sets your company apart in the talent marketplace. Your employer brand matters, and the cost of non-compliance can be detrimental. If outsourcing HR tasks, ensure you still have a dedicated HR member to liaise with vendors and serve as a point of contact for employees.
By prioritizing these areas, small businesses can effectively manage their workforce and position themselves for success in the competitive market.
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