This post was originally published on this site
More than half of small and mid-sized businesses (SMBs) are struggling with significant challenges in hiring, retention, and maintaining a positive company culture. Addressing these human resources (HR) challenges is essential for SMBs to thrive in today’s dynamic business landscape, and adopting potential best practices and more strategic HR approaches may help improve HR performance.
The free research report, “HR Decision-Making in Small to Mid-Sized Businesses,” is now available for download. Conducted by HR.com’s HR Research Institute in collaboration with UKG, a global HR technology company, this study examines how HR professionals from businesses with fewer than 500 employees manage their strategic processes, HR practices, and responsibilities. The findings and takeaways provide valuable insights into the unique challenges and solutions for smaller organizations.
When asked about their biggest areas of concern, participating HR professionals point to retaining top talent (60%), creating a supportive employee culture (58%), and hiring qualified employees (56%). These concerns are well-founded given the current tight labor market and the intense competition from larger companies with more resources. Surprisingly, only 35% of SMBs cite employee reskilling and upskilling as a concern. Workforce learning and development (L&D) has gained more attention in recent years, as one effective strategy for
