To grow your business successfully it is essential to be a great leader and have effective human resource management in place.
The most important thing is to make your workplace a fun place to work at and one that you enjoy be the leader of. To retain and engage great employees you must build a strong workplace culture that is based in productivity and innovation.
Here are three things that every small business should know:
Put the right policies and procedures in place
Keep it simple, but keep it strong. Apply tried and tested principles and be prepared to work on retaining your top performers for the long term. Human resources are the most important part of any business and hence do not under estimate HR.
Many businesses struggle with employment law implementation and compliance. It can be a great idea to have a comprehensive workplace policy that covers everything you may encounter. Consulting an HR lawyer to draft a manual may seem like an unwanted expense but can go a long way to help your business. Make sure you are keeping your business’ culture and type in mind.
Skilled talent is a lot more accessible now, you should focus on retaining your good employees by building strong workplace polices and ensure that these are governed by skilled HR staff.
Hire a person not just the skill
It can be easy to hire an employee who has the skills your operation needs, but they may not be a cultural fit or be suited for the job as their real passion lays elsewhere. This could lead to higher staff turnover which is detrimental for the company in the long run. Hire only people who are bound to be a good fit and will likely stay for the long term. While interviewing focus on not just the skills but also the person, it can be easy to over-ride your gut instinct about a person if their credentials look good.
Invest in leadership
Apart from being an effective leader yourself, you should also recruit and train leaders who can help the company grow. Leaders should be able to bring out the best in their team; they need to do so without being condescending or a pushover. Good leaders can be the reason your employees stay or decide to leave the company. They can be the difference between success and failures of new projects. Encourage them to listen to their team and communicate often and effectively. Assign mentors and role models for new employees to help them settle down better in the organization. Having someone figure out the ropes of a new job could help retain employees.
As long as you remember that employees are the most valuable asset any company can have, you are on the right track to having a great company.