Consider the specific tasks that HR handles on a daily basis, and you’ll quickly see why having HR should be a top priority for your small business.
Chances are, you don’t want your employees to come directly to you with concerns about pay, benefits and other issues. It takes up too much of your time. More importantly, you want to focus on growing your business. You will want to designate someone as an official point of contact for HR issues. When employees know they have a specific place or person to turn to for support, they are more likely to be efficient, productive and satisfied.
Recruiting and hiring
Hiring and recruiting is incredibly important because you want to find the right candidates that will fit into the role and culture. The process is incredibly time-consuming; therefore, having a HR advisor will save you time and money when it comes to finding and retaining the best employees.
On-boarding and training
When you hire a new employee, you need to train them for their position, as well as bring them up to speed on company culture, process and procedure. And that’s a big responsibility – one that your other employees likely don’t have time to take on. After all, as a small business, you only have so many employees, and each one has his or her fair share of responsibilities already. In worst situation, it can sometimes lead to a strained workforce, inefficiency, a high attrition rate, and possibly even legal ramification. With an HR presence, you can establish an official orientation and training process, ensuring that each new hire is on-boarded effectively and efficiently.
Under the Singapore labor law and employment acts, companies are required to comply with the regulations and legislation. The labor laws and employment acts may change from time to time – and it is important that company is updated of any change that may affect the employee/ employer contractual agreement.
Payroll and benefits
Timely and accurate payment of salary, incentive and allowance as well as adequate benefits provide employees with a peace of mind knowing their basic needs are taken care of.
Setting Standard and Culture