Why do SMEs need HR?

Why do SMEs need HR?

If you are a business leader in an SME and are not really sure what HR can do for your business, here is a quick guide;

1. People are your most important asset

It’s a phrase you will hear often, but it really is true – without your people working effectively your business will not be as successful as it has the potential to be. This is the case regardless of the size of your business. It is therefore vital for your business's success that you have fit for purpose People Strategies and Policies in place to ensure everyone in your team is working towards the same, clear and consistent end goal.

2. Help you stay ahead…

By hiring a talented HR professional, you're investing in your company's most valuable asset – it’s that phrase again! But make sure you have good HR support in place them before you "need" them. Whenever you do decide to call in HR support please don't wait until after the people issue has come about to realise you don’t have the necessary policies and practices in place.

3. To help get the best People…

SMEs can benefit by bringing on an HR professional to help attract, find and secure talent who complement their area of expertise.

It is very difficult across all sectors to attract the highest level of talent. However having a detailed and effective HR strategy will assist the business to overcome and talent attraction issues and work to create a company culture that educated and skilled workers want to work for.

4. To help achieve your Vision...

We've all heard the saying, "the early bird gets the worm," and it couldn't ring truer in a business that employs an HR leader from day one. HR leaders play a strategic part in any successful company, and having them from day one can only push a company further.

5. To keep you Legally compliant...

And of course, it goes without saying that the law is the law if you have one member of staff or one thousand. There are many aspects to get to grips with, from the recruitment process to the termination of employment, and it’s important as a business you stay compliant – or you could face consequences later.

Would you like to discuss what HR can do for your business? Contact me for more information on this or any other HR related question.