Case Study: XYZ Consulting Firm

XYZ Consulting Firm is a small business specializing in providing management consulting services to startups and small businesses. The company was founded five years ago by a team of experienced consultants who saw a gap in the market for affordable consulting services tailored to the needs of small businesses. Over the years, XYZ Consulting Firm has grown steadily and now has a team of $15$ employees, including consultants, administrative staff, and support personnel.

Current Situation:

Employee Composition: The team consists of consultants with expertise in various industries, administrative staff handling day$-$to$-$day operations, and support personnel such as IT support and office maintenance staff.

Growth Projection: The company has been experiencing steady growth, with an annual increase in clients and projects. The management anticipates further expansion in the coming years.

HR Challenges: As the business grows, HR challenges have emerged, including recruitment, employee development, performance management, maintaining a positive work culture and Succession Planning.