\n
Small and Medium-sized enterprises have been urged to have structured human resources management processes to enhance organizational growth and development.<\/p>\n
According to Dr. Francis Eduku, Chief Executive Officer of the Chartered Institute of Human Resource Management, this also ensures profitability through effective cost management.<\/p>\n
Speaking on the second day of the final week of the Citi Business Festival 2024 On-Air Series, Francis Eduku, said in a workplace of diversified employees, human resource management is essential to manage performances to reach the preset objective of the business.<\/p>\n
\u201cHuman resource management is very critical because every organization looks at people. It is the people who transform the organization processes, and create value in the products that eventually turn into money. It is not the machines because, without the people, the machines cannot create value; that makes human resource management very important.\u2019<\/p>\n
\u201cAs people are crucial to every organization, SMEs are also the backbone of every economy through job creation and economic growth. If SMEs have proper HR processes, they will create more value for their organizations.<\/p>\n
\u201cMore often than not, we see SMEs operate at the informal level where there are no structured HR processes. For some, people are even recruited before their job descriptions are prepared.\u2019\u201d<\/p>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Small and Medium-sized enterprises have been urged to have structured human resources management processes to enhance organizational growth and development. According to Dr. Francis Eduku, Chief Executive Officer of the Chartered Institute of Human Resource Management, this also ensures profitability through effective cost management. Speaking on the second day of the final week of the […]<\/p>\n","protected":false},"author":1,"featured_media":193246,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-193245","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\n
SMEs\u2019 profitability hinges on effective HR management \u2013 Francis Eduku \u2013 - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/06\/25\/smes-profitability-hinges-on-effective-hr-management-francis-eduku\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SMEs\u2019 profitability hinges on effective HR management \u2013 Francis Eduku \u2013 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Small and Medium-sized enterprises have been urged to have structured human resources management processes to enhance organizational growth and development. According to Dr. Francis Eduku, Chief Executive Officer of the Chartered Institute of Human Resource Management, this also ensures profitability through effective cost management. 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