The document discusses several human resource (HR) issues faced by small and medium sized companies.
(1) Moderate growth companies often struggle with employee retention as they have less money for employee development after hiring, so employees do not stay long term and resign frequently.
(2) Low-growth firms report the lowest levels of both training problems and recruitment problems because a stable environment makes it difficult to develop employees at the manager's pace without a formalized approach.
(3) Communication problems are more common in higher growth companies as the owner-manager can no longer easily train every employee.
The document discusses several human resource (HR) issues faced by small and medium sized companies.
(1) Moderate growth companies often struggle with employee retention as they have less money for employee development after hiring, so employees do not stay long term and resign frequently.
(2) Low-growth firms report the lowest levels of both training problems and recruitment problems because a stable environment makes it difficult to develop employees at the manager's pace without a formalized approach.
(3) Communication problems are more common in higher growth companies as the owner-manager can no longer easily train every employee.
The document discusses several human resource (HR) issues faced by small and medium sized companies.
(1) Moderate growth companies often struggle with employee retention as they have less money for employee development after hiring, so employees do not stay long term and resign frequently.
(2) Low-growth firms report the lowest levels of both training problems and recruitment problems because a stable environment makes it difficult to develop employees at the manager's pace without a formalized approach.
(3) Communication problems are more common in higher growth companies as the owner-manager can no longer easily train every employee.
The document discusses several human resource (HR) issues faced by small and medium sized companies.
(1) Moderate growth companies often struggle with employee retention as they have less money for employee development after hiring, so employees do not stay long term and resign frequently.
(2) Low-growth firms report the lowest levels of both training problems and recruitment problems because a stable environment makes it difficult to develop employees at the manager's pace without a formalized approach.
(3) Communication problems are more common in higher growth companies as the owner-manager can no longer easily train every employee.
HR issues in small & Medium sized companies (1) In moderate growth compan it!s "ound that retention is most pro#lematic issues #ecause compan has a less mone "or the $mploee de%elopment a"ter selecting them so emploee not retains "or long time & the resign 'o#( ()) *ow-growth "irms reported the lowest le%els o" #oth training pro#lems & recruitment pro#lems #ecause sta#le en%ironment +akes di""icult to de%elop emploees at manager!s pace without adopting a "ormali,ed approach( (3) -ommunication pro#lems in higher growth companies #ecause the owner.manager can no longer easil train e%er emploee( (4) No growth companies ha%e "ound retention pro#lems "irm that is not growing would not ha%e a need to attract man new emploee( (/) -ost is a ma'or deterrent in introducing man 0R practices that can hugel #ene"it the workplace and emploees( (1) Immense strategic and cultural changes that are re2uired to streamline and keep pace with rapid growth and sustain the 3rowth rate( (4) Recruitment is a ma'or challenge #ecause o" the huge demand and competiti%e compensation packages in the industr5 some inno%ati%e models to attract talent could #e introducing partial work "rom home "or homemakers5 people pursuing higher education and retired people( 6ringing such di%ersit in the work"orce and targeting the non standard talent pool5 will add a new dimension in terms o" e7perience and knowledge and #ecause such people ma not #e interested in pursuing a "ull time career5 one would #e a#le to attract them too( (8) *earning & de%elopment is not possi#le #ecause o" the low growth rate & so attrition rate is more in those industries( (9) $""ecti%e training o" emploees much more di""icult #ecause industries ha%e a low "inance & so the can!t hire trannies "or the emploees(