Insights from an HR Director
As an entrepreneur, small business owner, and a seasoned HR Director, I’ve witnessed firsthand the transformational impact of effective HR. Especially in the dynamic and fast paced landscape of a small businesses. Today, I wanted to share with you my top three HR essentials that are not just recommendations but game changers for you and your small business.
1. Building a Strong Foundation with Effective Recruitment
Stat Alert: Did you know that according to a recent study, companies with a strong onboarding process improve new hire retention by 82% and productivity by over 70%? That’s massive!
Tip: Start on the right foot. Employees are the heartbeat of any business and so investing time in a thorough and thoughtful recruitment process can set the stage for long-term success. This means not just filling positions but finding the right fit for you. Look for those candidates who not only have the necessary skills but also align with your company’s values and culture. Remember, a great employee is not just about what they bring today but also about what they can grow into tomorrow.
2. Fostering a Positive Workplace Culture
Stat Alert: A study by Deloitte found that 94% of executives and 88% of employees believe a distinct workplace culture is important to business success.
Tip: Your workplace culture is the foundation on which your business grows. It’s crucial to nurture an environment that values things like respect, open communication, and teamwork. Celebrate successes, big and small, and encourage a work-life balance. A positive culture not only elevates employee morale but also drives engagement and productivity. Remember, when your team feels valued and happy, they are more likely to go above and beyond for your business.
3. Implementing Continuous Learning and Development
Stat Alert: LinkedIn’s 2020 Workplace Learning Report revealed that 94% of employees would stay at a company longer if it invested in their learning and development.
Tip: The world is constantly evolving, and no more so than in recent years with the introduction of more Hybrid working models, new tech on the scene and so should your team’s skills. Investing in continuous learning and development is not a luxury but now more than ever, a necessity. This doesn’t always mean scheduling more expensive courses or seminars. It can be as simple as cross-training, mentorship programs, or even regular knowledge-sharing sessions. By prioritising development, you’re not only enhancing your team’s skills but also showing them that you value their growth. This investment can lead to innovative ideas and improved performance, keeping your business at the forefront of its field. With MPC you and your team can access our e-learning sessions on demand and work through a variety of subjects from the comfort of your desk.
As small business owners, we wear many hats, but remember, the hat marked ‘HR’ is a crucial one. By focusing on investment in the foundations and getting those right, you set your business on a path to not just succeed, but to thrive. Remember, your team is your biggest asset; invest in them, and they will invest their best in your business.
At MPC I’m here to support you every step of the way, think of it as having your very own HRD in your pocket providing you with all the resources you need to success in your entrepreneurial journey. Find out more about us HERE
