Employer Build for the Future Phase 1
What The Experts Have To Say
- The leaders of the companies need to surround themselves with trusted advisors who can advise them on the issues and challenges of running a company, and to help give them a balanced perspective.
- A key success factor is that you must have a leader that people want “to follow,” and the leader must be able to communicate the company’s vision, goals and direction to the employees.
- One of the biggest challenges for small sized companies is cash flow. There is a lot of financial support for companies that are in the early start-up stage, but once they are ready to go to market there is comparatively little support.
- Companies can get wage funding to hire individuals but there is little support from the human resources side on how to create a winning team and the human resources strategies to grow.
- Many companies found that once they were ready to hire HR staff they had no idea how and where to find an appropriate individual who understands the company’s technology and its business needs to create the proper strategy.
- Many companies have negative experiences with HR and see it as a cost center, therefore, no investments is made in building this area.
- It is critical to have a market for your product and understand where you fit in the market or your “value proposition”. Companies with a clear vision are more likely to get further funding from investors.
- The company needs to be scalable if they are planning to grow. Does the company have the right person at the top to manage the growth? Should the owner step aside and hire a person who has the expertise to grow the business, leaving the owner to do what they do best? Company owners need to know their strengths and weaknesses, and fill the holes with the appropriate support.
- Pay staff fairly. Underpaying or overpaying problematic can become problematic in retaining good talent.
