Smaller companies and businesses are an important indicator of a healthy economy. Governments looking to encourage new jobs, creativity, and overall economic expansion usually hope to grow small businesses.
The Organization for Economic Cooperation and Development (OECD) reported that over 95 percent of enterprises globally are SMEs, accounting for between 60 to 70 percent of the working population and contributing as much as 60 percent to the GDP.
However, those same small businesses typically struggle to survive beyond the four to five-year mark from date of setup, for various reasons. Improving the performance of SMEs in a cost-responsible manner should therefore be a priority.
When a startup is busy bootstrapping, they should not neglect building the right business culture from the beginning. Doing so can help them stay competitive on the HR front.
In order to hit the ground running earlier than the competition, HR talent needs to be on-demand without having to build up an internal HR department.
On-demand HR can help move from one priority to the next in a flexible way. This on-demand HR specialists’ talent can help a small business grow into a more established second-stage business and can help a startup or SME scale up in many smart ways, while staying lean.
Emma El-Karout, a Johannesburg-based future work innovator, has founded One Circle, an online HR collaboration platform scheduled to launch in 2019.
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