Browse Entrepreneur Magazine Online for information on small business HR issues involving hiring staff, firing staff and managing staff in South Africa.
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What is human capital and why is it important? Human resources – involving personnel administration, performance management, resource planning and employee relations – is ultimately geared at optimising the output of a company’s workforce, while simultaneously reducing its financial risk.
The term “human resources” encompasses everything from recruitment, compensation and performance management to promotions, planning and payroll. The onus is on the organisation’s human resource managers to ensure that all personnel issues are dealt with effectively, consistently, fairly, and of course, legally.
The vital importance of effective human resource management is mirrored in the famous saying: A chain is only as strong as its weakest link. A successful entrepreneur knows that happy, motivated and appreciated employees are productive employees. Take full advantage of Entrepreneur Magazine SA’s free tips and expert advice to learn more about hiring and managing your staff – and discover how it could mean the difference between a mediocre enterprise and a thriving business
