Human Resource Management – HRM is the management of People Resources to maximize their performance keeping in view the overall strategy of the company.
It is a subject of study world over and given due importance in ALL middle to large companies – with specialists being hired for doing this role. Many companies outsource this function to HRM specialists as consultants.
But Start-Ups in India do not see this function as an essential part of their business. It’s like a Unicorn! Something which is needed only by large corporations.
In my interaction and working with Start Ups over the last 4 years these are the 5 absolute best reasons I have heard for “not catching the HRM Unicorn”: