Whether you employ five people or 50, in order to attract and retain the best staff you will need a robust HR Strategy. It doesn’t have to be complex, here are the five things SMEs should include in an HR strategy.
1. Employee satisfaction
Make sure you consider how you will measure this (for example, you could look into conducting staff surveys). What mechanisms you will put in place to increase your employee satisfaction levels? These could include continuous performance reviews or appraisals to employee benefits and perks. This should be reflected throughout your HR strategy.
2. Training and development
Include a comprehensive plan within your HR strategy which clearly outlines how you will train and develop every member of staff. Set aside a training budget which takes into account the varying needs of your employees and levels of seniority. Take a look at our guide to setting up a training plan.
3. What is right for your business, proactive or reactive HR?
Consider whether you want to deal with HR challenges as and when they happen, or whether you need to anticipate and plan for organisational change. This will vary depending on the nature of your business, but often a combined HR strategy is a good idea to give you peace of mind.
4. Good recruitment
Get the right tools in place to ensure you recruit effectively and follow the correct processes. Getting this right from the very beginning will ensure you recruit the very best people. Don’t go it alone, there are various options open to you from getting external HR consultants (like us) to help, or using specialist recruitment agencies who can vet applications, leaving you to get on with your business (here’s our guide to working with recruitment agencies). Take a look at our case study on recruiting virtually.
5. Work flexibility
Now, more than ever, it’s important to allow your employees to work flexibly as we work from home (and many juggle extra responsibilities). Those businesses with flexible working policies tend to have the edge over competitors when attracting the right recruits. Before the pandemic, a shocking 70% of women left the workforce because they found it impossible to combine their career and family life, according to training organisation Digital Mums. Recruitment campaign Hire Me My Way claims that “less than 1 in 10 job adverts offer flexible working.” Get ahead of the game and incorporate this into your company culture and within your HR strategy. We’ve put together a free guide on how to introduce flexible working into your business and you may also want to read our guide to hybrid working.
These are just the essential five things SMEs should include in an HR strategy. If you would like advice on how to shape your strategy give one of our consultants a call for 15 mins of free advice.