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HR Strategies for Small & Medium Sized Businesses

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HR Strategies for Small & Medium Sized Businesses

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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.

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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HR Strategies for Small & Medium Sized Businesses

  1. 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. 2. The Payroll & HR Administration Services division of the Chio Lim Stone Forest Group International Experience, Local Knowledge Business Advisors to Growing Businesses
  3. 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. 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. 5. How do we cope? Business Advisors to Growing Businesses
  6. 6. The Rules Have Changed Business Advisors to Growing Businesses
  7. 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. 8. 7 HR Strategies for SMEs Business Advisors to Growing Businesses
  9. 9. #1 Make HR Strategy Part of Your Overall Business Strategy Business Advisors to Growing Businesses
  10. 10. If the success of your organization is dependent on people, shouldn’t HR become part of your business strategy? Business Advisors to Growing Businesses Business Strategy HR Strategy
  11. 11. #2 Business Owners as HR Directors & HR Managers Business Advisors to Growing Businesses
  12. 12. The business owner’s deep involvement in all key HR matters is critical to the SME’s success. Business Advisors to Growing Businesses
  13. 13. #3 Don’t Try To Be Everything To Everyone Business Advisors to Growing Businesses
  14. 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. 15. #4 Never Underestimate the Power of Corporate Culture Business Advisors to Growing Businesses
  16. 16. Your corporate culture is your company’s DNA. Values Tradition System Language Vision Habits Beliefs Business Advisors to Growing Businesses
  17. 17. #5 Communicate Effectively Business Advisors to Growing Businesses
  18. 18. Gone are the days of top-down, closed communication style. Business Advisors to Growing Businesses
  19. 19. #6 Focus On Your “A-Players” Business Advisors to Growing Businesses
  20. 20. Identify the bright-sparks and nurture them. They are your future. Business Advisors to Growing Businesses
  21. 21. #7 Promote The Mentality of Growth & Abundance Business Advisors to Growing Businesses
  22. 22. Paint and share the vision of growth…and that there are opportunities for everyone. Business Advisors to Growing Businesses
  23. 23. Conclusion Business Advisors to Growing Businesses
  24. 24. • No magic formula The Hard Truths • It’s not going to happen overnight • Doing nothing is not a solution Business Advisors to Growing Businesses
  25. 25. How does the beetle become the most prevalent species on earth? It adapts to survive! Business Advisors to Growing Businesses
  26. 26. 1. Reconfigure Business 2. Automate 3. Outsource
  27. 27.    Don’t be a follower.  Lead change.  Business Advisors to Growing Businesses
  28. 28. Thank you. Tay Thain Lin  tltay@stoneforest.com.sg Business Advisors to Growing Businesses

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