Rasd: The Role of HR in Family-Owned Businesses: Challenges and Solution

Approximately 90% of the global private sector economy is comprised of family-owned businesses, a trend that extends to the GCC region. These enterprises play a significant role in bolstering the region's gross domestic product, making them indispensable pillars of its economy. Even among larger corporations with revenues exceeding $1 billion, family-owned entities dominate, accounting for up to 70% of all companies in the GCC.

Rasd discusses the unique challenges and opportunities in managing HR for family-owned businesses in the GCC. Some unique challenges include: 

• Rescinded employment offers after contract signing and resignation
• Being caught in the crossfire of family feuds & politics
• Being disciplined (up to and including termination) w/out due process
• Lack of clear succession plans

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