Human Resource Management in Family Businesses

This chapter tries to overview the HRM role in private firms, providing the best guide to the whole organization. As a powerful tool, HRM mediates between the top management and employees, providing both sides their satisfaction. Thus, the content of this chapter stresses the general practices in HRM while providing the best ways regarding employees’ welfare, rights, and obligations. Additionally, it describes how private firms try to get the best talents necessary to contribute to firms’ growth and development. Moreover, other motivational means like appraisals, compensation, professional training, and development of employees in private firms are depicted.