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While back we started talking about “Peril of adviser gone bad”. Essentially we expressed our opinion about hiring procedures that may or may not be suitable to small and mid Size Company. This is follow up piece.

Clearly in the past and present we have made an attempt to keep our blog out of the scientific data crunch and other complicating factors in order to make our points easier to understand.  This particular topic is no different.

In the past weeks and months we have continued to see tremendous amount of errors by small and mid size business owners.  Naturally it is important to point out that most such errors occur outside the scope of our own work with some clients as well as our observation of competitors and non clients. Nevertheless; the errors remain.

One particular issue that has been noticed by us more frequently than others has been the challenging task to pin point the “why”.

  • Why are Small and mid size business owners (SMBO) reluctant to recognize the need for HR procedures?
  • Why do SMBO refuse to recognize their true need for human capital management?
  • Why the issue of HR in small and mid size business hasn’t received more attention at University and College level?
  • ….. You see where we are going with this.

Traditionally; even at educational level the HR standards have been made to appear to be an exclusive concept of large corporations. Nothing could be farther away from the truth – If anything at all; the small and mid size businesses are more dependent on their human capital then their larger counter parts.

So what is the moral of this entry? Simple:  based on practical real world experiences it is fair to say that SMBO’s have a knowledge gap that would require a fundamental shift in educational as well as real world narratives. Educating SMBO’s about their reliance on human capital coupled with appropriate HR management is not only a necessity ; it is a requirement for successful organizational growth toward profitability .

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Management Consulting : http://blog.worldconsultinggroup.com/