A human resource (HR) function is critical for any business, no matter how small. From payroll and benefits to hiring and firing, or making sure you’re following the latest employment laws, having your own HR team can often have benefits that outweigh the costs.
Understandably, in today’s uncertain economy, businesses are under constant pressure to reduce costs while improving profitability. This can be a challenge for any SME, but it’s one that an HR professional can help with.
You also need to think about exactly when to bring HR into your business. If it’s just you and a sole employee, should you do it then or wait until you get bigger? One option is to outsource it (some HR providers offer packages designed for SMEs) and bring it in-house when the time’s right
Whichever way you choose to do it, here are five ways HR can benefit your SME:
There are many different strands to HR, and you might not need all of them. So, whether it’s a full in-house service or individual functions that would suit your needs best, you’ll be able to find the right provider at the right budget.
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