Fundamentals of Human Resource Management, 5/e

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Summary

1. Managing human resources in small firms is different for four main reasons: size, priorities, informality, and the nature of the entrepreneur. These create several risks. Small business owners run the risk that their human resource practices will put them at a competitive disadvantage; there is a lack of specialized HR expertise; the smaller firm is probably not adequately addressing potential workplace litigation; the small business owner may not be fully complying with compensation regulations and laws; duplication and paperwork lead to inefficiencies and errors.

2. The U.S. Department ...