Asure Software, Inc. (NASDAQ:ASUR) recently released its inaugural Small Business Human Resource Benchmark Report, which surveyed 2,065 "fast growth" companies to determine the link between rapid growth and employee-centric best practices. The survey highlighted the clear link between these "fast growth" companies and their embrace of every stage of the employee lifecycle and how applying the best HR practices across each respective area helps to foster growth. More than 80% of responding companies stated they applied the HR best practices across the employee lifecycle of recruiting, hiring, onboarding, compliance, development, performance management, retention, and post-employment. Overall growth between "fast growth" companies and "down year" respondents provided a clear indication that the people aspect of a business is important to your company's overall growth.
Opinion:
The survey results seem to suggest that HR best practices are essential for a company's success. However, it is important to note that there are many other factors that can contribute to a company's growth, such as the quality of the product or service, the strength of the company's marketing strategy, and the overall economic climate. It is also important to remember that the survey was conducted on a limited sample size and may not be representative of the entire small business market.
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