Small Business News | SMEs fail to take HR planning seriously

HR planning has been identified as one of six fundamental principles that small and medium-sized enterprises must undertake if they want to compete in today’s tough economy, according to new report issued by Warwick Business School and Royal Mail. The findings revealed that less than half of all small and medium-sized enterprises (47%) are currently undertaking effective HR planning.

Comparatively, companies with a comprehensive plan for staff development and future employment are 35% more likely to increase profitability and secure longevity for their business. This sixth-month report compared growth rates among 500 small and medium-sized enterprises with their competitors.

To read the full story, please visit HR Magazine website.

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