‘Little wonder’ – Attracting talents for small firms

Here’s a discussion on CiteHR, to find ways that can attract talent for small firm with 30 members. The situation is parallel to many start-up and similar firms. They are required to hire the most competitive talent yet lack the situational advantages as compared to the bigger firms. In certain situations, they may not even have a huge budget to pay lucrative salary and an established brand name. Under such circumstances, strategising recruitment becomes a challenge. Here’s the link to the discussion http://www.citehr.com/287724-how-attract-job-seekers.html

The swot of a small firm would be as follow:
Strength

1. Visibility: Small firms offer high visibility to every talent. The opportunity to work in a complete cycle is available to any employee at every level. This gives them a tremendous exposure to handle escalation and complete business intelligence in much shorter span to what they would have learnt in bigger organization.
2. Roles: Fewer number of employees delivering more specialised role: The headcount would be very low, but not the jobs to be delivered. The tasks would be divided to the team members including operational and strategic. Whereas in a large organization the roles often get pigeon-holed into repetitive tasks. 

Weakness:

1. No brand name
2. Size of the firm
3. Low salaries and benefits
4. Apparently lower opportunities until openly discussed

Opportunity:

1. Higher degree of empowerment through an entrepreneurial environment with soaring accountability to the job
2. Freedom to implement as the environment is dynamic compared to the bigger firm with lot more rigidity.
3. An inclusive culture. In a small organization, it’s the culture that binds in. The freedom to express oneself and the opportunity to be understood and accepted gel the employees together. 

Threats:

1. Dissatisfaction and friction from talents constantly comparing the job with the small firm to that in a bigger firm.
2. Losing the talents to the bigger brands once they become employable
3. High impact of the decision maker: As the size of the firm is small, the attitude of the decision maker would make a very high impact on the employee morale.

To implement these advantages the firm needs to target the right talent base
To continue reading: http://www.citeman.com/11278-little-wonder-attracting-talents-for-small-firms/