One of the most important aspect of managing a small business is the ability to get the most out of staff that work for you. To this end it is important to develop a human resource #strategy that ensures that the people resource of the business will be utilised to the optimal.
How to create human resource strategy
Let us now take a look at the four most important aspects of the human resource strategy:
Recruitment and selection process is crucial to get it right the first time to ensure that one does not waste resources in managing the wrong person who will not be able to deliver the result required by the business. Take a look at the details that need to be addressed by your people plan in the article regarding recruitment and selection.
- Training and development is important to ensure that the person has the right skills necessary to fulfil the duties and responsibilities to the satisfaction of management of the business. Also consider the important points raised in this article regarding the orientation and training program for employees.
- Performance management is to ensure that the employee gets adequate feedback on performance and to ensure that he or she knows that their work is appreciated and to this end provide adequate remuneration and benefit. Thereby the business will be able to retain the more important and productive employees. Also if the employee performance is below par it is important to give the right constructive advice to help the staff improve performance and ensure that business goals are achieved.
- Managing remuneration is important to ensure that everyone in the business is being rewarded based on the level of achieving personal work goals that are congruent to business goals. Getting the right reward structure in place will ensure that everyone will work hard to achieve the best for the company. Also study the article written on how to create a business compensation plan