Over 93% of MSMEs do not understand HR function

Over 93% Of MSMEs do not understand HR function

Stratefix Consulting  survey conducted on about 1000 MSMEs reveals that  more than 93% firms either have limited or zero understanding of HR function.

The survey was carried out to gauge what MSME enterprises perceive concerning the relevance of  HR  function in an organisation. The survey further reveals:

67 % of respondents suppose that HR is answerable for recruiting staff

Within the opinion of 54% of respondents, employees coaching is the second most necessary position.

34% of enterprise homeowners consider HR’s main position is to extend worker effectivity.

In 20% of circumstances, enterprise persons are not clear concerning the actual position of human assets.

Also read: Beedi workers entitled to compensation under the ECA: Telangana HC

HR has two “necessary” roles, in response to solely 15%: resolving worker grievances and dealing with advantages.

In 71% of MSME Enterprise House owners’ view, HR departments are extra about staff’ pursuits and fewer inclined in the direction of the corporate

58% of firm homeowners mentioned that the HR division doesn’t want data on the corporate’s monetary statistics

The objective of organising an HR division is just realized by 33% of enterprise folks.

A mere % of the respondents consider that HR contributes to the success or failure of their firm, whether or not in good instances or unhealthy instances.

Chirag Patel, Co-founder of Stratefix Consulting said,” Till lately, HR was thought of a peripheral perform to most small enterprise homeowners. They have been blind to this perform and its necessity as most of them had accomplished their schooling earlier than HR turned mainstream, leaving them unaware of its significance. Other than the wage, staff are interested in the amenities accessible, the tradition of getting enjoyable at work, and their favorite roles within the group. Staff’ expectations from an organization have additionally modified over the previous few years. Moreover, staff rely closely on progress not solely within the current, but additionally sooner or later. HR performs an necessary position in managing all of this.”

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