Role of Human Capital in Growth Enterprises in Finland: Recruiting and Retaining Talent

When a small business grows, one of its key challenges is to find personnel who will enhance that growth. Earlier studies indicate that in many fast-growing small and medium-sized enterprises, the main problem is finding and retaining high quality employees. Knowledge of human capital, comprising human resource processes and leadership, might help an owner in personnel matters because growth entrepreneurs must begin to increase staffing and learn how to develop and implement human resource management (HRM) practices. The faster the growth the small firm is facing, the more likely it will experience human capital problems.