“SMEs will have to adopt HR best practices in order to grow. It is the entrepreneurs who will have to take his/her employees along and make them an integral part of the enterprise through such best practices.” Arvind Joshi, president – human resource, Dishman Pharmaceuticals & Chemicals Ltd. Small to medium businesses are the back bone of any economy because they contribute to the national income, employment and innovative activities. Despite playing a vital role, it is disheartening to know that very little attention is given to the HR practices to the research literature of human resource management (HRM) in … Read more
How effective are HR practices among SMBs?
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How the American Jobs Act Will Stimulate the Economy
The US President proposed the American Jobs plan of $447 billion to spur the economy, which has been in crisis ever since the recession of 2008. Over the past decades, the wealth gap between the elite and the others has been widening and the recent economic downturn has revealed the fact that the Americans have been living on an illusion of wealth. Remember that the current economic problems were not created overnight. Therefore it will take some time to tide over the issues such as unemployment, underemployment and foreclosure of home equity and many more. The economic down turn had … Read more
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America’s Jobs Act and its impact on small businesses
“I won’t be satisfied until every American who wants a job can find one, and until workers are getting paychecks that actually pay the bills, until families don’t have to choose between buying groceries and buying medicine, between sending their kids to college and being able to retire in some dignity and some respect.” – President Barack Obama. On September 8th, the US President introduced a job plan popularly known as the American Jobs Act 2011 to spur the American economy from the current economic crises. The economists opine that though the proposal is debatable it is heartening to know … Read more
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Tips for Hiring Your First Employee Successfully
Hiring employees in a small business really takes a small business to the next level. If you are a small company, perhaps even doing all of the work yourself, you may be ready to expand, or at least hire a few extra people to help you to manage the business. You can often do this without a problem, if you have the tools and resources available to make the right decisions. As you begin your journey of hiring new people, learn a few tips to help you along the way. Should You Hire or Outsource If you are a small … Read more
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