What Challenges Might Entrepreneurs Face in Employee Management?
Entrepreneurs often encounter several challenges in managing employees, including:
- Limited Resources: Startups may not have the financial resources to offer high salaries or extensive benefits, making it challenging to attract top talent. - High Turnover: The fast-paced and uncertain nature of startups can lead to higher employee turnover rates. - Role Ambiguity: Employees in startups often wear multiple hats, which can lead to confusion and burnout if roles and responsibilities are not clearly defined.