Sme's Case Study

1527 Words7 Pages
In the United States, businesses with less than 500 employees, typically described as small to medium business enterprises, make up 99 percent of all firms, employ over 50 percent of private sector employees, and generate 65 percent of net new private sector jobs (Kotey and Folker, 2007). However, SME’s have high turnover rates regarding employees. The major factor of cause is compensation rates. This is typically not easy to adjust in most SME’s. So, we must explore the other factors that would increase retention in SME’s. The next most important aspect of a job for the typical employee, training and advancement.
Problem
Chandler and McEvoy(2000) concluded after a 2000 study, SME’s that engage in regular training, performance
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In part, many SME’s in this level will have very limited training time and funds available for their employees.
Purpose and Scope
• Where can we improve the processes? SME’s that have been in place for more than a year, will have some sort of process in place for each product or service they provide. These processes, which can be broken down into steps, tasks, and conclusions, can be analyzed and re written to be more efficient.
• How managers can create an employee training prescription? We will make determinations on how you train each individual employee, in concert with their employee training prescription. This prescription will be created by the trainer or leader, incorporating base line training with concepts specific to the employees needs training.
• How to keep the business running and keep training employees? Lastly, the report describes how to keep your business running with no loss time to training. In this section, we dive in to the structured on-the-job training plan. We discuss how to create it, train the trainer, and implementation.
Analyzing the Processes
A common mistake of business owner operators, is assuming a business process and business function are analogous (Portougal & Sundaram, 2005). Although they are both important, they are different. A business process is collection of steps and tasks that certain business functions will be a part of. For example, when a
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