Introduction
In this section we will examine the human resource.
The size and type of any business will determine what type of human resources that business requires, and indeed how many.
By type, we mean:
- Temporary Staff
- Fixed-Term Staff
- Permanent Staff
- Part-Time Staff
In recent years, there has been a significant growth in the use of consultants and advisers. These have specific expert knowledge which the company might lack and can be highly beneficial to a business, but they tend not to be cheap.
There are benefits and drawbacks of each 'type' of employee, and the business owner needs to consider carefully what types are required for the business to thrive.
A successful business will understand the risks involved in employing workers and will use the type that maximises its advantage. Therefore, it needs to identify the risk factors and drawbacks to the respective types and determine the best one for its business.
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