Irish enterprises are lacking human resources functionality
A recent survey, carried out by The HR Department, has found that fewer than 6 out of 10 small & medium sized Irish enterprises invest in a human resources function, despite the fact that 93% of them believe HR plays a crucial role in business.
The research also revealed that more than a third (35%) of businesses surveyed do not have a staff handbook.
68% of companies that employ 1-10 employees have no HR whatsoever and more than a third (36%) of companies with 11-50 employees also have no HR function.
40% of companies surveyed gave the reason for not investing in a dedicated HR professional or outsourced service because they felt their business was too small to need it, followed by 16% of companies who felt the cost was too much, whereas some 11% of those surveyed felt they have a good enough relationship with their staff and therefore do not require a HR function.
The survey of 600 SME's across the country found that technology, communications, banking, manufacturing & finance are the industry's most likely to invest in HR, whilst the hospitality, retail & business service sectors would be the least likely to invest.
This misconception can lead to serious problems and costs for companies if they have a NERA inspection or a dispute with an employee. Bright Contracts has everything you need to get a professional staff handbook and employee contracts in place for each of your employees -in accordance with the requirements of the Terms of Employment (Information) Act 1994.
Bright Contracts - Employment Contracts and Handbooks
