A4 Refereed article in a conference publication

HR-issues of growth entrepreneurs in Finland – Recruiting and retaining talents




AuthorsTiina Brandt, Maarit Laiho, Piia Uusi-Kakkuri

EditorsCarlos Costa, Manuel Au-Yong-Oliveira, Marlene Paula Castro Amorim

Conference nameEuropean Conference on Innovation and Entrepreneurship

Publication year2018

Book title Proceedings of the 13th European Conference on Innovation and Entrepreneurship

First page 132

Last page138

Number of pages7

ISBN978-1-911218-97-5

eISBN978-1-911218-98-2

ISSN2049-1050


Abstract

When a small business focuses on growth the one of its main topics is to find personnel who will enhance the growth. Earlier studies indicate that in many fast growing small to medium enterprises the main problem is finding and retaining high quality employees (e.g. Atkinson and Storey, 1994; Fraza, 1998; Hornsby and Kuratko, 1990). Knowledge of HR and leadership might help owner in personnel issues, because growth entrepreneurs must begin to increase their staff and learn how to develop and implement human resource management (HRM) policies. The faster the growth is facing the small firm, the more likely it will experience HR problems. This empirical study focuses on 29 Finnish growth-oriented entrepreneurs' views about HR related issues. They were asked about challenges of growth, what kind of skills they would need, and also what kind of HRM they are using in order to retain their personnel. The entrepreneurs were mostly interviewed at face-to-face and couple of them via Skype or phone. One interview took approximately one hour and the method of interview was half-structured. The interviews were transcribed and then read thru several times. Results supported earlier studies when indicating that there are many problems about finding right personnel. Especially when working at international market the internationally experienced people were highly valued. Additionally, the changing requirements towards personnel was one of the challenging issues. When company is growing, the needed skills are changing as well, and this long-term orientation could be better taken into account when hiring personnel. In order to retain personnel, entrepreneurs had mainly modern leadership skills with good benefits for employees. In order to support growth entrepreneurs, it is important to recognize personnel's needs in different stages of growth.



Last updated on 2024-26-11 at 16:45