When you first start a company, there’s a lot to think about. It’s exciting, and you’re juggling competing priorities. HR strategy might get lost in the shuffle, but it shouldn’t, because your HR will play a vital role in how your company grows.
While you can probably get away with a less-than-defined HR strategy as a startup, these policies and procedures can determine your fate as your business grows. For every size company, there’s certain laws and regulations you must comply with or risk penalties. As your employee count increases, many of the things that were simply nice to have in the beginning become necessities.