ZENITH International Journal of Multidisciplinary Research
  • Year: 2013
  • Volume: 3
  • Issue: 9

A study on HR challenges in startup companies

  • Author:
  • Archana Surywanshi
  • Total Page Count: 7
  • Page Number: 39 to 45

Assistant Professor, Department of Management, S.M. Dr. D.Y. Patil Center for Management and Research, Pune, Maharashtra State

Online published on 11 April, 2014.

Abstract

The paper emphasis on the hr challenges which are faced by hr in startup companies. The managers are facing a lot of challenges nowadays due to globalization, privatization, legal etc. The main aim of the HR manager will be forecasting recruitment needs, selecting right candidate for the right job. The HR manager sets the strategy for sustaining sustainable competitive advantage to stick into the market. The paper focuses on what are the common challenges and how the hr manager finds solution for those challenges. In this paper, the methodology adopted are the primary data is collected from structured questionnaire and interviewed with hr managers; secondary data is collected from internet, journals, library etc. The sample size is 60 managers and tools used for the research are percentage and Garret Ranking Table. The sampling technique used in this is convenient sampling technique. If the HR manager keeps the good work culture, and also capable of managing the low attrition rate then organization can lead to further success. Numerous HR challenges exit currently, including organizational cost pressures, economic and job changes, talent management and development, technology expansion etc.

Keywords

Challenges, Corporate culture, Compensation structure, Globalization, Privatization, Sustainable competitive advantage etc