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INSIGHT Ohio - More than 570 firms, ranging in size from less than 100 employees to more than 2,500, responded to the survey. Stages of development included start-up, expansion, consolidation and diversification. The study found that compensation at small organizations (fewer than 100 employees) is more likely to come in the form of base pay only, while large organizations (more than Z,500 employees) are more likely to give bonuses based on profits. Larger companies also are more likely to provide extensive employee training programs, offer training on a regular basis and provide formal programs to teach new hires skills needed for their jobs. Job security also was higher at larger companies: 33% of large- company respondents said it was very difficult to dismiss an employee, while 17% of small companies said the same. Half of the large companies reported having policies in place to protect employees from being fired, while only a fourth of small companies had such policies. Similarly, half of the large companies provided severance packages for laid-off employees, compared to 31% of small companies. As for the stage of an organization's development, the survey found that, of the three types of capital-human, organizational and social-human capital was the most important to companies across all stages of development. However, start-up companies were more likely to communicate with employees than more mature organizations, with 73% of start-ups reporting that superiors keep the lines of communications open with staff, compared with 50% of companies in the diversification stage. Further, 85% of those in start-ups said employees are given the opportunity to suggest improvements to the company, with 65% in the diversification stage saying the same. And while most organizations, regardless of stage, reported that outsourcing human resources or using a consultant does not serve as a replacement for having a person on staff, about half of the companies said human resources is a partially integrated strategic partner, and only one-fourth considered it a fully integrated partner. Information about the study, "SHRM/Fisher College HR Strategies, Stages of Development and Organization Size Survey," is available at www.shrm.org/surveys. Did you find this material interesting? Do you want more information of this type? Comment via FEEDBACK
Source: Rural Telecommunications
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