What Startups & Small Businesses Can Learn on HR Management from Olympic Games
A popular quote by American basketball player and coach John Wooden goes, “Sports do not build character. They reveal it.” Yes, the Olympic Games are back, to celebrate the spirit of sports, and promote camaraderie and peace. All in all, the Games in London are the current buzz globally. Just like every important institution, the Olympic Games have a motto too – Citius, Altius, Fortius, which translates to: Faster, Higher, Stronger.
So what can HR managers and/or owners of small businesses and startups learn from the Olympic Games and implement it for HR management? Here are three things that serve as an inspiration:
Citius – Faster
Being quick is important in an increasingly competitive world. But what matters is being faster than the others. Why it matters for HR management is that important things such as policies and grievances require a lot of priority. Though compared to large companies, small businesses and startups usually have less bureaucracy but many a time there are roadblocks when implementing these policies. A startup always comes at a crossroad with respect to policy implementation, which often leads to delay in execution. In order to retain talent and have a work atmosphere that is conducive to innovation, there should be traction. Ditto for employee grievance redressal!
Altius – Higher
As an HR manager responsible for the organization’s workforce and its well-being, one of the foremost tasks is to ensure that the employees grow in many ways. In short, you should ensure that the employee jumps higher intellectually too. And we are not talking about designations or the career ladder. You can arrange training sessions for the workforce. These could be skills-related or could have something to do with a hobby. Studies have confirmed that employees who are imparted training tend to be happy and see it as a form of reimbursement. The staff sure would be motivated to raise the bar higher in whatever tasks they undertake.
Fortius – Stronger
It’s no secret that one of the most challenging aspects of running a small business or startup is effectively managing the workforce. As pointed out earlier, there should be swiftness in policy implementation. However, the onus should also be on making stronger policies. Small businesses and startups are usually close-knit, but as operations scale up and the team expands, there is a pressing need for processes that are simple yet robust. When new policies are implemented or the present ones are changed, it leads to some kind of uneasiness. That’s where a strong-minded approach helps!
So what else do you think can startups and small businesses learn from the Olympic Games? Use the comments section below to share your views.