July 09, 2022

Something a Small Company Needs to Develop

Small companies most of the times are focusing on sales, marketing, promotion, product development, service, and of course profits. But why is that these companies forget to focus on the most essential ingredient for a growing company – TEAM HR.

When it comes to human resource, the idea almost always takes a backseat for small companies. I have experienced that most factory-based companies don’t even have a proper human resource professional (leave alone a department). The job responsibility is either being monitored by a clerk or maybe straight by the top executives of the company. Why such a laxity exists while choosing the people who are going to get the right ones for your company?

In my experience the statement below summarises the prevailing thought.

“Investing in a human resource department is a waste of money. Why pay 2-3 people extra salaries when I can get the work done myself. Afterall our predecessors have been doing the same for past so many decades. So why to subscribe to these “PRIVILEDGED” services now!!”

These words haven’t changed for so many years and one can hear similar echoes in a lot of companies. It leads to non-cultivation of culture, ideas, strategy, and so many essentials for overall growth of a company. The overall functioning of such small companies eventually is dependent on one or two individuals who are managing everything and riding on know-all bandwagon.

I would end my thoughts on this subject with these words:

“One needs to hire the right people, who can search for the right people for your company”.

 

Accept Change!

 Manan

No comments:

Post a Comment

Thank you for your interest in my blog.

Please email me your queries, suggestions, comments, or something you want to discuss with me. Believe me I am good at replying back and would get back to you asap.

Keep reading
M

Reducing the Business Risk

I see a lot of SME’s maturing early during their business life cycle 1 . During these times many mention that they are unable to expand thei...