What SMEs Must Take Care of While Hiring Talent
Small and medium businesses (SMEs) are critical to India’s development. The SME sector employs around 106 million people, accounting for 40% of India’s workforce, 6% of manufacturing GDP, and 6000+ goods. It accounts for 40% of India’s total exports and 45 percent of manufacturing output. It’s no surprise that SMEs will be India’s growth engine in the not-too-distant future. Talent is one essential component that will propel SMEs’ hyper-growth trajectory. People with specific expertise who can innovate, scale, and ensure company continuity. Finding talent, on the other hand, is one of the most difficult difficulties facing small and medium companies (SMBs) - a lack of time to devote to the task, the high cost of human resource management, and talent conflicts with the corporate sector result in SME entrepreneurs losing out on top talent. So, how can SMEs recruit, hire, and keep qualified employees? 1. High-quality job postings: Attracting the right talent i...