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HR Strategies for Small & Medium Sized Businesses

Date post:01-Dec-2014
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HR Strategies for small and medium sized businesses (SMB/SME) in today's talent scarce and high mobility environment. A keynote address delivered at this year's Association of SMEs Business Symposium Event, Concorde Hotel, Singapore.
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  • 1. HR Strategies for SMEs in today's talent scarce and high mobility environment Tay Thain Lin Director, PayrollServe (Chio Lim Stone Forest Group) 17 October 2013 SME: Small & Medium Sized Enterprises
  • 2. The Payroll & HR Administration Services division of the Chio Lim Stone Forest Group International Experience, Local Knowledge Business Advisors to Growing Businesses
  • 3. RSM Chio Lim LLP is a public accounting entity offering assurance and tax services. Stone Forest is the umbrella name under which the business advisory and business support services operate. We are the largest accounting and business advisory group outside the Big 4 in Singapore. Business Advisors to Growing Businesses
  • 4. Our Corporate Profile Home grown professional business services group 100% locally owned Established in 1985 with 3 employees Now: 760+ employees in Singapore and 300+ employees in 6 major cities in China 20% per annum growth 17 Nationalities under one roof Despite our size, HR is one of the most challenging issues Business Advisors to Growing Businesses
  • 5. How do we cope? Business Advisors to Growing Businesses
  • 6. The Rules Have Changed Business Advisors to Growing Businesses
  • 7. Generation Y: The New Workforce The New Organization Multitaskers Work-Life Integration Tech-Savvy & Connected The Generation Y Business Advisors to Growing Businesses Social Awareness
  • 8. 7 HR Strategies for SMEs Business Advisors to Growing Businesses
  • 9. #1 Make HR Strategy Part of Your Overall Business Strategy Business Advisors to Growing Businesses
  • 10. If the success of your organization is dependent on people, shouldnt HR become part of your business strategy? Business Advisors to Growing Businesses Business Strategy HR Strategy
  • 11. #2 Business Owners as HR Directors & HR Managers Business Advisors to Growing Businesses
  • 12. The business owners deep involvement in all key HR matters is critical to the SMEs success. Business Advisors to Growing Businesses
  • 13. #3 Dont Try To Be Everything To Everyone Business Advisors to Growing Businesses
  • 14. Why should they work for you? Do they your company? Is it just for the money? Business Advisors to Growing Businesses Feel appreciated Recognise strength Flexibility Mobility Like environment Learning opportunities Travel
  • 15. #4 Never Underestimate the Power of Corporate Culture Business Advisors to Growing Businesses
  • 16. Your corporate culture is your companys DNA. Values Tradition System Language Vision Habits Beliefs Business Advisors to Growing Businesses
  • 17. #5 Communicate Effectively Business Advisors to Growing Businesses
  • 18. Gone are the days of top-down, closed communication style. Business Advisors to Growing Businesses
  • 19. #6 Focus On Your A-Players Business Advisors to Growing Businesses
  • 20. Identify the bright-sparks and nurture them. They are your future. Business Advisors to Growing Businesses
  • 21. #7 Promote The Mentality of Growth & Abundance Business Advisors to Growing Businesses
  • 22. Paint and share the vision of growthand that there are opportunities for everyone. Business Advisors to Growing Businesses
  • 23. Conclusion Business Advisors to Growing Businesses
  • 24. No magic formula The Hard Truths Its not going to happen overnight Doing nothing is not a solution Business Advisors to Growing Businesses
  • 25. How does the beetle become the most prevalent species on earth? It adapts to survive! Business Advisors to Growing Businesses
  • 26. 1. Reconfigure Business 2. Automate 3. Outsource
  • 27. Dont be a follower. Lead change. Business Advisors to Growing Businesses
  • 28. Thank you. Tay Thain Lin [email protected] Business Advisors to Growing Businesses

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