For many MSMEs, human resource management might seem like a simple administrative task. However, when handled manually using spreadsheets, paper-based tracking, or outdated methods, it becomes a hidden drain on resources, productivity, and profitability. In a competitive business environment, every rupee counts. Yet, many businesses fail to realize how much money they lose due to […]
In the world of Human Resources (HR) services, things are changing. Small businesses, which are really important for economies, are starting to see how personalized HR solutions can help them. These customized approaches are crucial for dealing with the special challenges that small businesses face. As the backbone of economies, small businesses are adapting to […]
Startups and small businesses have become increasingly popular in India’s ever-growing job market. These dynamic and innovative companies offer unique opportunities for growth and impact. However, many employees harbor reservations or fears when it comes to associating with startups or small businesses. Understanding the reasons behind these concerns is essential for businesses looking to attract […]
When you’re a small business owner, it can be tempting to handle everything yourself — after all, it’s your company. But as any business grows and evolves, the role of HR becomes more important than ever. So much so that the quality of your HR strategy can determine whether your business succeeds or fails. Here […]
The employment contract is an agreement between the employer and the employee and aims at ensuring that both parties agree on the terms and conditions of their relationship. The employment contract should clearly stipulate the responsibilities of each party, including their rights and obligations. If you’re a startup or small business, penning down the finer […]
There are 10 million MSMEs in India and they employ 140 mn people which is 40% of the country’s workforce. According to a CII survey, 20% of medium and 80% of small-sized businesses have no HR departments. To implement HR processes and systems you need to set up an HR Function. There are two most […]
Introduction HR is a crucial department in any business. If you are starting a new startup and want to create an HR department, this article will help you with the steps. Set HR policies You should set HR policies aligned with your company’s vision, mission and values. These policies will help you hire the right […]
Start-ups are known for not having a structured HR department. Startups are small businesses with a limited workforce that are focused on growth and innovation and initially they are focused on creating or improving a product or service, generating revenue, and entering new markets. Startups are generally known for not having a structured HR department. […]
Young professionals are less inclined to wait for opportunities to present themselves and are more interested in developing their own. These young entrepreneurs have the enthusiasm and determination to succeed, but they lack real-world experience and lack leadership skills. Ten CEOs and founders of successful firms, many of whom were young entrepreneurs, presented helpful advice […]
A Human Resource Audit is a robust HR management control approach for reviewing current HR Policies, Procedures, Systems, and Documentation to assess statutory compliance with ever-changing laws and regulations and to analyze the changes that may be made in HR operations. HR audit will provide feedback on HR functions to HR managers, ensuring that personnel […]