Quiz on Special HR Challenges in SMEs

What is one of the main challenges SMEs face in attracting talent?

• High starting salaries

• Strong competition from large firms

• Lack of detailed job analysis

• High employer branding

What is a common issue related to talent retention in SMEs?

• Strong employer branding

• Lack of specialized expertise

• Large workforce

• High salaries

What do SMEs often lack that affects their HR functions?

• Extensive training programs

• Large budgets for HR

• High employee turnover

• Formalization and structure

What is a key factor in the employee-driven job market?

• Candidates have limited choices

• Candidates can choose their employers

• Employers dictate terms

• Job security is guaranteed

What should SMEs focus on to improve their hiring process?

• Reducing salaries

• Limiting recruitment channels

• Outsourcing HR functions

• Increasing job openings

What is a significant problem regarding marketing planning in SMEs?

• Excessive reliance on modern marketing

• High levels of entrepreneurial skills

• Lack of relevant demographic information

• Strong understanding of competitors

What is one of the 4 P's that SMEs struggle with?

• Pricing strategies

• Public relations

• Partnerships

• Product policies

What is a common issue with SMEs' promotional policies?

• High advertising budgets

• Long-term promotion objectives

• Effective use of social media

• Insufficient funds for promotion

What is a recommended strategy for SMEs to enhance employer branding?

• Reduce training opportunities

• Brand themselves as choice employers

• Ignore employee feedback

• Focus solely on product branding

What is a challenge related to the composition of the marketing mix?

• Lack of innovative product strategies

• Overemphasis on pricing

• Strong distribution networks

• Effective promotional strategies