It is a huge challenge to run a business, especially when it comes to SMBs – where owners and founders often have to wear many hats, juggling several roles and responsibilities single-handedly. For this reason alone, it’s probably no surprise that human resources functions are often put on the back burner at smaller companies. This, in turn, has a negative impact on both workforce growth and profitability.
Courtesy of guest author Liliana Chitnis from Naman, here are five ways to avoid making HR mistakes… mistakes that could be very costly in the long run:
- Outsourcing HR functions – People have now started realizing that some tasks are best left to professionals. This is a major reason why various HR agencies have now started offering their services online as well. If you’re looking for services related to performance management, employee evaluation, employee efficiency, employee training, etc. the internet can prove to be a boon to find a reputed HR consultant to suit your budget as well as your needs.
- Making Hiring Simple – Finding the right candidate for any position can be a daunting task especially if an individual doing the hiring is burdened with several other responsibilities. The entire recruitment process involves multiple steps and it is essential that small and medium businesses utilize a well-designed applicant tracking software to hire better and faster. Once the software helps in streamlining the recruitment process, you can focus on getting creative with your recruitment strategies to use a strategy that enables you to find the right talent according to the role you need to hire for.
- Creating a Strong Company Culture – Every organization has a personality. This is usually defined by the core values of the organization, the management team and the employees. For a small or medium organization, a strong unique company culture can work wonders for employee morale and satisfaction. It also is a fantastic tool for attracting great and like-minded talent. You must leverage social media to attract the right talent by sharing your company culture on various platforms and giving prospects a glimpse of what to expect.
- Recognizing & Upgrading Your Talent Pool – An important thing you should do is to recognize the talent within your company. This will help you bring down your attrition rate as well as keep your employees motivated. A company that effectively manages the compensation and benefits for employees is poised for a steady growth in the future. Similarly, providing training and workshops to help your employees upgrade their skills is also essential. This is beneficial for both the company as well as the employees.
- Seeking Employee Feedback – An employer-employee relationship is mutually beneficial when there is transparency as well as constructive feedback from both sides. While a slick compensation and benefits policy is important, lending an ear to the grievances and suggestions of the employees is critical too. No organization is perfect; however, taking constructive feedback from your employees and working on them will prove highly beneficial for you in the long run.
These 5 simple and ways can work wonders for the success and growth of your business if executed with passion, diligence and care. They are all individually effective, but if all 5 are implemented, they can prove mighty powerful for your organization.
Author Bio
Liliana Chitnis is a former HR professional who now works as a content marketing executive at Naman, an organization that offers end-to-end HR solutions to help companies build a strong human capital base. She strongly believes in the power of consistent training in the workplace. Liliana writes about various topics related to human resources and shares trends, techniques, and tips with her readers. She loves to read and practice yoga regularly, and occasionally binge on Netflix.
