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Carl: Hello Business Owners this is Carl Kleimann with another Business Survival Tip from Odyssey One Source. According to the small business administration, small businesses accounted for more than 60 percent of U.S. job growth during the decade from 1995 to 2005. Entrepreneurial firms have proven to be extremely effective at finding new ways to do old things and are constantly creating a competitive advantage over their larger counterparts. Consider how startups like Amazon and Google forever changed the industries in which they exist.
So what did these and other memorable small business success stories have in common? They realized early on that in today's knowledge economy, they simply had to compete with their larger counterparts in areas such as attracting, developing, and retaining valuable employees and were willing to invest in Human Resource best practices that enabled them to do so. This can seem like a daunting feat for entrepreneurial firms that can't cost justify their own HR department but unlike years past, there are outsourcing options available today that allow small businesses to access the level of HR support they need, as they need it. That may begin with hiring strategies and progress to employee training and development, compensation and benefits, and dispute resolution as the business grows.
I am Carl Kleimann and this has been another Business Survival Tip from Odyssey One Source, ranked as the number one Professional Employer Organization for 2 years running by the Black Book of Outsourcing. For more information on this and other useful tips for employers, visit odysseyonesource.com.