Are you planning to set up a new small business? It is, of course, an exciting task but you will have to do a lot of work. It is not as easy as it sounds, as establishing an HR department is quite time-consuming. There is a common misconception that small businesses do not require an HR department. But HR team is an asset for any business if you want it to grow and gain success.
Setting up an HR team in a small business is essential in creating policies, planning processes, and mitigating long-term and short-term needs. HR policies are directly associated with the company’s growth. Furthermore, they streamline the talented minds to improve productivity and profit exponentially.
It is quite natural for start-up companies to ignore establishing the HR field. They commit this big mistake and intend to wait until their businesses grow. But bear in mind that all businesses interact with people right from the first day. Therefore, relationship management being a strong base for HR is vital for business growth.
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How Does Human Resource Management Benefit Small Businesses?
The benefits of human resources for a small business are many. Though outsourcing the HR process is not feasible for a start-up company, it is mandatory.
Healthy Environment
A pleasant and healthy workplace will make the employees feel empowered and perform their best. A motivational ambience is crucial for the business’s success but takes time to establish. An HR department will be able to provide such a fair workplace environment through its procedures and policies. It supports the workers by resolving conflicts and ensures that they are heard at all points of time. Therefore, an HR department is essential for the smooth performance of any business.
An HR professional is held responsible for regulating issues within the company. The employees have to comply with the regulations. There can be penalties for missing deadlines, failing to submit the right forms appropriately, and many more. However, these regulations are subject to change, and an HR team keeps all their employees aware of them.
Hiring
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The hiring process involves recruitment, onboarding, training, and performance management. All these are handled by the HR team and are crucial for boosting the performance of the workforce. The HR professional manages all these to help with the flow of the business.
Retention
Retention of talented employees is another HR responsibility as it depends on the recruiting procedure. If the hiring is done well, the retaining process also becomes simple and easy. Therefore, this solely depends on the effectiveness of HR. The retention process includes monitoring backgrounds, workflow, time, and performance reviews. With talented employees, an organization is likely to create the best work environment.
Step-by-Step HR Department Checklist For Start-Ups
Before establishing an HR department for your organization, you will have to work on its structure. It is a step wise process, and let us discuss them in detail.
Design
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The basic HR plan for operation must be developed as the first step when setting up a new business. However, it need not be planned on day one. But this planning will help the company to expand in the future and improve the HR functioning.
Create
It is always not people who make up an HR department but also includes various processes. They are attracting, sourcing, recruiting, onboarding, training, retaining, and off boarding. These have to be meticulously created to offer the best structure to the business. A proper formation of all these processes will help you in the following ways.
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Take better and quicker decisions.
Meet the company goals.
Align with the strategies of the organization.
Optimize the resources with the right number of employees.
Structure
A structure is essential for any HR department. Assigning roles and responsibilities are the basics of any structure. Start with the top HR roles in designing your structure. They are the HR manager, HR director, hiring manager, recruiting specialist, and HR coordinator. After doing this, carry out a skills audit in your concern and see other necessary HR operations you will require. You can either recruit new people or upskill existing employees to fulfill these positions. Performance management, benefits administration, compliance, and onboarding are the few commonly required functionalities in every start-up.
HR KPI
We all know that an HR department is needed for even small companies to achieve success. Measuring the HR KPI is the best method to ensure that various processes are being carried out optimally. Hence make KPI part of your human resource strategy, which will help in reaching company goals easily. The KPIs to track are absenteeism, hiring time, employee satisfaction, training effectiveness, employee performance, talent and retention identification, productivity level, etc. Employee Monitoring Tool like Flowtrack, Vericlock, Workpuls, and other automated software solutions greatly benefit the HR KPI process.
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Collaboration
The HR department is an all-rounder in various areas of a business. While setting up your business, you get adequate input from your manager about other departments. Please present it to your HR department as they will be the point of reference for every job role in the company and administer the whole system.
HR Software Solution
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In an emerging world of technology, you can’t maintain spreadsheets or monitor work manually with an HR department. A reliable HR management software like HRAPP employee monitoring software can be the right tool to perform various HR tasks effortlessly in this case. It will automatically calculate the time consumption, set KPIs, optimize processes, monitor laborious tasks, etc., with just internet usage and mouse clicks.
Closure
Your employees are your number one asset. An owner who takes good care of his employees will always be the best employer in town. Even small companies need to engage in human resources and comply with employment laws and labor regulations. So, it is important to create an effective human resource department as per the step wise plan and execute it according to your idea, goal, and vision. But make your job easy by working smart rather than hard. Install HR software applications to simplify the process as they calculate and perform the basic HR procedures with precision automatically.
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A 46-year-old German man, Cagdas Halicilar, is currently the talk of the town as he has emerged on the internet as Jeff Bezos’ lookalike.
Thus, Cagdas Halicilar has transformed his profession into a professional Jeff Bezos doppleganger from an electrician.
The 46-year-old reveals that now he lives an opulent lifestyle as an entrepreneur.
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Cagdas Halicilar was often told by his family and friends that his looks were similar to those of a billionaire. However, only when he saw Jeff Bezos’ picture, did he understand what people around him meant.
The New York Post reported that Halicilar dreamed of becoming a successful business executive. With him founding CB Transporte, a transport company, he lived his dream.
After accepting his resemblance to Jeff Bezos, Cagdas Halicilar enrolled himself at a doppelgänger agency.
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Cagdas Halicilar Gained Popularity by Being Jeff Bezos’ Lookalike
Most of the time, he dressed up in casual attire which made him look more like a billionaire, as Jeff Bezos also dressed up casually.
Halicilar added, “It doesn’t matter whether I’m wearing a suit or wearing jeans and a polo shirt.”
He added how it requires a bit of effort to maintain his appearance like a billionaire. He shaves his head and applies Nivea cream regularly. The German doppleganger added that he has been doing the same for more than ten years now.
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The 46-year-old has gained a lot of popularity and recognition over the years for his work as Jeff Bezos’s doppelgänger. His spouse complained that people often stopped him and asked for selfies on the street.
In the “King of Stonks,” the German Netflix miniseries, he also had a guest spot.
When in Seattle once, Cagdas Halicilar strolled through the Amazon campus. Surprisingly, Amazon employees thought that he was Jeff Bezos, reported TimesNow.
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He said,
“All the Amazon employees came to me, wanted selfies and thanked me for being proud to work at Amazon.”
Furthermore, he added,
“My wish is to drink a whiskey with Jeff Bezos on his yacht. He is just as much of a yacht fanatic as I am.”
A North Texas movie-goer has filed a lawsuit over Plano-based Cinemark drink sizes.
The lawsuit alleges that the movie theater chain fleeced its customers by shorting beverages sold in the chain’s canteens.
The chain loudly advertised that the 24-ounce container is a better deal, claiming consumers will get more for less price, while the reality is that Cinemark swindles customers by shortchanging them on sales for the 24-ounce beverage cup.
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Cinemark Accused of Shortchanging Customers on Beverage Sales
The proposed class action lawsuit has been filed in a Texas federal court and it indicts the movie.
The lawsuit further details how consumers got only 22 ounces of liquid, which is the maximum that can be filled in Cinemark’s 24-ounce cups.
It is alleged that the deception was part of a deliberate packaging and pricing practice.
Theaters pay almost 50% of the revenue generated by ticket sales to the studios but keep all the profits generated by the sales of food and beverage.
Increased competition has pushed the chain to offer concessions and bonuses, and this helped Cinemark in 2023 to record its highest concession sales of all time.
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However, the lawsuit alleges that Cinemark dupes its customers by shortchanging them on sales for the 24-ounce beverage cup instead of the 20-ounce beverage cup.
The reality is that consumers pay less for a 20-ounce cup, which is also a better deal than buying a 24-ounce beverage cup.
The complaint stated,
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“The size of the container in relation to the actual volume of the product contained in it was intended to mislead the consumer into believing the consumer was getting more of the product than what was in the container by a twelfth.”
The lawsuit was brought by Texas resident Shane Waldrop, who purchased a 24-ounce beverage cup in February which cost him $8.80 before tax.
However, on closer look, he realized that the cup was not large enough to hold 24 ounces. This was confirmed later when Shane took the cup home and found that it could contain only 22 ounces of liquid.
Thus, the consumer was duped 2 ounces for every cup he bought.
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The lawsuit charged the movie theater chain with neglectful falsification, deception, unjust profiteering, and a violation of Texas’ Deceptive Trade Practices Act and asked for a court order to halt such practices.
Waldrop is seeking compensatory damages and also demanded a jury trial over the claims.
It is Mukesh Ambani’s 67th birthday, and today we will try to get to know about the incredible journey of this man who, with sheer determination and grit, has created one of the biggest conglomerates in the world.
Reliance Industries, which passed into his hands in the 2000s, grew at a pace which was phenomenal.
Born on April 19 to Dhirubhai Ambani and Kokilaben in Aden, Yemen, where his father was based before moving back to India.
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Reliance Industries was already a big company, but its growth after Mukesh Ambani took on the reins was phenomenal.
With astute business acumen and strategic vision, Ambani has propelled Reliance Industries to dizzying heights, making it one of India’s most powerful empires.
It was under his stewardship that Reliance Industries diversified from being a petroleum company to enter other fields like Telecommunication and the Aerospace industry.
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The 5G revolution, which has swept the country, is largely due to the efforts of Mukesh Ambani and his company Jio. Jio offered high-speed and cheap internet services to the farthest corners of the company, and this helped it to capture a major chunk of the telecommunication sector. Today the nation’s population is using internet data in an unprecedented way.
Another diversification move was the entry of Reliance Industries into retail, energy, petrochemicals, and media. Reliance also acquired and invested in Future Group’s retail assets, as well as the creation of JioMart, an e-commerce venture.
Reliance also entered into a partnership with the Indian media company Viacom18 and the American entertainment giant Disney to create a joint venture, valued at $8.5 billion. The venture also gave exclusive rights to Reliance to distribute Disney productions in India.
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It is his futuristic vision which catalyzed Reliance Industries to invest heavily in the renewable energy sector. The company has built solar and wind energy farms and is contributing in a big way to help India achieve its renewable energy targets while lowering carbon emissions and environmental impact.
Again, it is his futuristic views which made him create the Jio Institute, which is a truly world-class educational institution dedicated to cutting-edge research and technical improvement. The stated motto of the institute is to help develop future leaders and innovators who will help the country grow to become a developed nation in the coming decades.
The phenomenal growth and success of Reliance Industry can be attributed to Mukesh’s keen sense to anticipate market trends, evolve as per changing consumer preferences, seize emerging possibilities, and produce products and services of the highest quality.
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As of April 19, 2024, according to Forbes, Mukesh Ambani’s net worth is to the tune of $115.8 billion, and he is ranked one of the top 10 wealthiest people in the world on Forbes magazine’s annual list of billionaires in 2021, 2022, and 2023.
