Home Features Mastermind Videos About Advertise Blog Network Contact
   

Have A Suggestion?
Toronto Salsa Classes / Toronto Salsa Lessons Email us your ideas on how to make our website more valuable! Thank you Sharon from Toronto Salsa Lessons / Classes for your suggestions to make the newsletter look like the website and profile younger entrepreneurs like Jennifer Lopez and Sean Combs!
Have A Suggestion?

Featured Ebook


ebook Famous Entrepreneurs - Modern Empire Builders


Featured Ebook

More Evan Carmichael
Have A Suggestion?

Sales Lessons From Starbucks And Dell

Human Resources Development



Human Resources Development
   

Human resources development is a tricky thing for any business. Making sure that you thoroughly understand the job market in which you are in, as well as the employee needs that your business requires in terms of things like skill levels, technical abilities, and flexibility, is a challenging task for any small business owner. Before you can carry out an in depth job analysis and better understand the labour environment in which you are working, there are some things you need to keep in mind.

First of all, you need to take a look at the simple demographics of the situation, especially any changing trends. What are the characteristics of the labour force, for instance in terms of age or gender, and what does that mean for your business? Also, how have those statistics changed over time? Is it a changing trend that could affect your company’s pension policy or insurance packages? These are all things to keep in mind.

Second of all, what is the diversity of the workforce? The increase of women in the labour market, as well as minorities, could have a strong impact on your business. For instance, the resultant increase of discrimination, wrongful dismissal and sexual and racial harassment cases in recent years is evidence of my point. If any business is going to be successful today, it must make sure it is on top of this changing trend. Here, making sure your protection policies are comprehensive is key. Also, cultural sensitivity training and the like for your staff could be another beneficial option.

A third factor of human resources development to consider is the skills and qualifications of the labour market today. Our society is moving away from manual labour industries and this will no doubt have an impact on your business. If you’re not finding enough people with the technical qualifications that working for your company requires, you might have to start thinking about things like offering increased financial rewards, or making your company more visible in the community.

Finally, a successful business owner not only understands how his or her own business must respond to these changing trends, but also how the individual responds to them. For instance, in this increasingly globalized world, what role does the geographical location of your company play? Generally speaking, factors such as salary and the transportation infrastructure will greatly affect a person’s willingness to travel longer distances to get to work. Also, are there generational differences in behaviour that might affect an employee’s performance or expectations from your company?

Whether you decide to do your hiring through a job centre, newspaper, or headhunting firm, it is important to acquire an in depth picture of the labour market before you begin in order that you exactly who you are looking for, who you are likely to get, and what that means for your company. Human resources development is crucial to the success of your company, and if done correctly, could make all the difference in the world.

Like this article? Share it with your friends


Related Articles Related Articles
Human Resources Software
  We’ve heard it all before: it takes almost three times as much money to recruit and train new employees than it does to retain and train the ones you already have. As such, small business owners are often willing to...
Human Resources Outsourcing
  As small business owners, we have all come under the dual crunch of time and money pressures. Often times, when we’re trying to run an entire company, we can barely find the time to look after ourselves. How many of...
Introduction: Human Capital and Economic Development
  Health and education are both components of human capital and contributors to human welfare. One index of human welfare, which incorporates income, education and health, shows that Africa’s level of ‘human develop...
Human and Physical Capital: The Effects of Human Capital on Economic Development
  Human capital is a broad concept which identifies human characteristics which can be acquired and which increase income. It is commonly taken to include peoples’ knowledge and skills, acquired partly through educa...
New Partnership for Africa’s Development
  The New Partnership for Africa’s Development (NEPAD) was adopted as the continent’s main development framework at a July 2001 summit meeting of African heads of state. According to NEPAD, attainment of Africa’s long...

Related Forum Posts Related Forum Posts
Do Entrepreneurs need HR resources? Do Entrepreneurs need HR resources?
Jus need some advise here Jus need some advise here
Further detail required Further detail required
Submitting Articles Submitting Articles
Setting a Budget For Professional Development Setting a Budget For Professional Development
New topics New topics
Free Downloads For Marketers! Free Downloads For Marketers!
New Small Business Topic New Small Business Topic

 
About the Author
Have A Suggestion?

View Author's Video
Become An Author

Free Downloads


Alfred Grad's

Complete
List Of
Human-Resources
Articles


First Name
Last Name
Email
 
If you enjoyed this article, get Alfred Grad's Complete List of Human-Resources Articles For FREE!
Become An Author