AI Content Chat (Beta) logo

That’s why a professional HR foundation is a must for SME organizations who wish to grow, and looking for exponential business growth and long term success. What do we mean by professional HR Foundation? A professional HR means there are well-defined company policies and procedures that are tailored to the needs of your business. These policies should include guidelines on hiring, training, discipline, performance reviews, compensation, and benefits. It is also important to make sure that these policies are communicated clearly throughout the organization so that everyone is on the same page. Which needs well- structured documents. Another important component of a professional HR foundation is to ensure compliance with all applicable laws and regulations. Business owners must make sure all employees are treated and paid fairly, and any workplace discrimination or harassment is dealt with properly. Suggestion: Implement a good HRIS system for small companies: HRMS like OpportuneHR are specially designed HR and payroll software for SME businesses. The online payroll software has the best HR practices inbuilt into its design. Finally, it is important to have an effective system in place for managing employee grievances and handling disciplinary issues. This should ensure that any issues are addressed quickly and appropriately. Sit with your HR managers, if need be, hire some dedicated HR professionals full-time, or part-time senior consultants. This effort will come handy when the business will start growing. It is interesting to note that startups go for HR foundation from the very beginning. They even opt for HR automation when they are a team of only 10 employees. While SME businesses wait for the organisation to grow. Sometimes they are already a 100 employee company, but policies are not well-defined. So we highly recommend: Start working towards a professional HR foundation in your organisation. When we have a professional HR foundation in place, the HR managers are free from mundane and repetitive tasks. They can take care of the 2nd pressing concern for HR today: Employee engagement!

3 important HR factors for exponential SME business growth (1) - Page 2 3 important HR factors for exponential SME business growth (1) Page 1 Page 3