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When does your growing business need HR policies?

It’s a question that owners of all growing businesses will have to face at some stage: do I need to establish human resources policies and procedures? You may have got away with “winging it” for a while, but eventually you will have to face the question head on; after all, the longer you put it off, the more you might be digging yourself into a hole. The standard reply to this question is often “when you reach 10 employees”. However; there really is no “magic number”. Often, it’s crucial for growing businesses to have some level of HR structure right from the very start. Certainly, when HR issues start to take up more than a small fraction of your time, having HR policies and processes in place will help you manage your staff more effectively. ... Read more