There are a broad range of businesses available in the modern economy we live in. Family businesses can simply be explained as a business firm or company in which most of the employees that are present are family members. With the help of family businesses present in the global economy, many new startups are recognized and boosted with the help of family firms. Family businesses play a major role in the European economy where statistics show that nearly 55% of the total company’s present are family businesses. Hence the problem arises from the introduction of nonfamily members in the family business. Due to various reasons, many family firms are not able to keep their staff strictly consisting of family members. Then comes the question of hiring nonfamily members into a family business. Hence this research will help firstly with the overall understanding of family firms and secondly how these firms approach the recruiting process for nonfamily members for them to be a long-lasting team player. The sample chosen in this research belongs to Romania. I chose the country of Romania because of my own nationality and because of my desire to understand the Romanian economy better. Eight interviews were carried out with personnel from 3 different firms, 3 founders and 5 nonfamily members. For this research, data was collected through the case study method, a qualitative methodology. At the last part of the study, the findings are explained in such a way which give a complete idea about what strategies do family-workers implement to hire and retain nonfamily workers and the opinion of these regarding the subject as a part of their team.
| Identifer | oai:union.ndltd.org:UPSALLA1/oai:DiVA.org:hj-64264 |
| Date | January 2024 |
| Creators | Filios, Constantina-Edesa |
| Publisher | Jönköping University, IHH, Företagsekonomi |
| Source Sets | DiVA Archive at Upsalla University |
| Language | English |
| Detected Language | English |
| Type | Student thesis, info:eu-repo/semantics/bachelorThesis, text |
| Format | application/pdf |
| Rights | info:eu-repo/semantics/openAccess |
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