CEOs of small and midsize businesses spend a significant amount of time dealing with human resources issues, according to a new survey from HR solutions provider TriNet.
Respondents to the company’s “CEO HR Pain Points Survey” said they spend an average of 46 percent of their time dealing with HR issues, including management of on-the-job employee safety, benefit compliance, hiring practices and workplace litigation.
Asked about their greatest HR worry, 33 percent of the CEOs surveyed cited documentation and workplace compliance, followed by litigation (25 percent) and hiring practices (18 percent).
The TriNet survey was conducted by eMedia and comprised 469 CEOs of small and midsize businesses from various industries including technology, biotech and financial services.
Key findings include:
- 30 percent of CEOs don’t measure the ROI on HR.
- 9 percent of CEOs provide perks to boost benefit and compensation packages.
- 5 percent use contests and incentives to help keep employees motivated.
- Only 11 percent of CEOs spend time on managing or improving employee benefits, while 63 percent said they rely on benefits to encourage employee retention.
Source: TriNet
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