Hr Term Paper
Term Paper
TOPIC----------------Recruitment challenges faced SME’s.
PREPARED BY-----Haziq Mushtaq.
SECTION------------318.
ROLL NO. -----------B-60.
SUBMITTED TO---Mrs.Tavleen Kaur Gill. LOVELY SCHOOL OF BUSINESS. LOVELY PROFESSIONAL UNIVERSITY. Table of Contents:
Introduction to SME
Recruitment and the process involved
Challenges faced by SME’s
Overseas challenges
Suggestions to overcome challenges
What are SMEs?
Small and medium enterprises (SMEs) are businesses that employ up to 250 people. No one is precisely sure how many of them there are because there are lots of companies that have limited liability status but are not trading and there are lots of businesses that are sole proprietorships that have escaped the official net of the tax man, the VAT man and the registrar of companies. We will see figures that range as high as 4.3 million and as low as 3.7 million, the best estimate being around 4.0 million.
Although the most usual definition of an SME is a company employing up to 250 employees, nearly all (over 99%) employ less than 50 people. In fact, three quarters of them don’t have any employees – they are sole operators. So, the emphasis really is on small rather than medium in the SME label.
The engine of economic recovery
The significance of these small businesses is often overlooked. They are the ants in the ant hill rather than the more glamorous animals of the forest. And yet they make up a half of all the jobs in the UK and account for half of our GDP. Because they are small and tightly managed, decisions can be taken quickly and they are flexible in responding to changes in the temperature of the market. In the UK as in the rest of the world, SMEs are recognised as the most responsive engine of economic growth.
Who are they?
There are over 1,500 different
TOPIC----------------Recruitment challenges faced SME’s.
PREPARED BY-----Haziq Mushtaq.
SECTION------------318.
ROLL NO. -----------B-60.
SUBMITTED TO---Mrs.Tavleen Kaur Gill. LOVELY SCHOOL OF BUSINESS. LOVELY PROFESSIONAL UNIVERSITY. Table of Contents:
Introduction to SME
Recruitment and the process involved
Challenges faced by SME’s
Overseas challenges
Suggestions to overcome challenges
What are SMEs?
Small and medium enterprises (SMEs) are businesses that employ up to 250 people. No one is precisely sure how many of them there are because there are lots of companies that have limited liability status but are not trading and there are lots of businesses that are sole proprietorships that have escaped the official net of the tax man, the VAT man and the registrar of companies. We will see figures that range as high as 4.3 million and as low as 3.7 million, the best estimate being around 4.0 million.
Although the most usual definition of an SME is a company employing up to 250 employees, nearly all (over 99%) employ less than 50 people. In fact, three quarters of them don’t have any employees – they are sole operators. So, the emphasis really is on small rather than medium in the SME label.
The engine of economic recovery
The significance of these small businesses is often overlooked. They are the ants in the ant hill rather than the more glamorous animals of the forest. And yet they make up a half of all the jobs in the UK and account for half of our GDP. Because they are small and tightly managed, decisions can be taken quickly and they are flexible in responding to changes in the temperature of the market. In the UK as in the rest of the world, SMEs are recognised as the most responsive engine of economic growth.
Who are they?
There are over 1,500 different
Bibliography: http://www.eurofound.europa.eu/emcc/content/source/eu06025a.htm http://en.allexperts.com/q/Human-Resources-2866/Challenges-faced-HR-Manager-1.htm http://72.14.235.132/search?q=cache:yyt4gJDUXlMJ:www.gmprecruit.com/pdf/KC/SMEchallenge.pdf+recruitment+challenges+faced+by+SMEs&hl=en&ct=clnk&cd=1&gl=in http://www.hrmguide.com/recruitmentsmanagers/+tasksfaced+SME.