Strategies for SMEs' hiring conundrum

THERE is no doubt that hiring the right people helps a company thrive and prosper. People are the lifeblood of a business and have a direct impact on the company's culture, morale and productivity.

However, hiring the right people can be challenging for small and medium-sized enterprises (SMEs) in Singapore, with intense competition from large multinational corporations (MNCs) which have dedicated human resource (HR) teams, access to advanced recruitment processes and well-established brands.

Additionally, MNCs are often perceived as offering higher remuneration, better benefits, career prospects and efficient organisational structures. In contrast, SMEs are often seen as less professional, inflexible and non-transparent.