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Curated News
By: NewsRamp Editorial Staff
August 20, 2024

Challenges and Solutions for HR in Small to Mid-Sized Businesses

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Source News Release

TLDR

  • Small and mid-sized businesses can gain a competitive advantage by improving HR practices and strategic approaches to address hiring and retention challenges.
  • The free research report provides valuable insights into how HR professionals from smaller organizations manage strategic processes and HR responsibilities.
  • By adopting potential best practices and strategic HR approaches, SMBs can create a more supportive employee culture and thrive in today's dynamic business landscape.
  • Surprisingly, only 35% of SMBs cite employee reskilling and upskilling as a concern, despite the current tight labor market and competition from larger companies.

Impact - Why it Matters

This news matters because it sheds light on the challenges faced by small and mid-sized businesses in HR, such as hiring and retention. The insights and recommendations from the research report can help SMBs improve their HR performance and navigate the competitive business landscape more effectively.

Summary

More than half of small and mid-sized businesses (SMBs) are facing challenges in hiring, retention, and maintaining a positive company culture. The free research report, "HR Decision-Making in Small to Mid-Sized Businesses," conducted by HR.com's HR Research Institute in collaboration with UKG, examines how HR professionals from businesses with fewer than 500 employees manage their strategic processes, HR practices, and responsibilities. The report provides valuable insights into the unique challenges and solutions for smaller organizations, including the areas of concern for HR professionals and the importance of strategic investment in HR technology for SMBs to thrive in a competitive environment.

Source Statement

This curated news summary relied on this press release disributed by Newsworthy.ai. Read the source press release here, Challenges and Solutions for HR in Small to Mid-Sized Businesses

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