FASTCOLLAB
6 THINGS TO LOOK FOR WHILE HIRING FOR A STARTUP
•
Hiring for a high growth startup is different from hiring for an established company. In case of startups, hiring is that one stone which veer the balance either towards success or failure.
• •
•
A few factors that make up the recipe for perfect hiring in a startup are. 1. Hiring right people: The success of a company is a direct product of the success of its employees. Employee attrition rates at 46% for startups, within the first 18 months, indicate that most startups are failing to hire people with the right fit. 2. Flexibility: During the evolving phase of an organization, every employee counts and makes a much larger impact. All the hires for a startup should be planned and strategic.
•
3. In-House Entrepreneurship: Given the small workforce of Startups, it is important to have entrepreneuring people take advantage of strategic inhouse business opportunities.
•
4. Passion and Specific Skills: The start- up environment is a tough place to work. There are usually no systems in place and getting things done before deadlines might be a task.
•
5. Compensation: Many a startup employer would face the dilemma of how to pay for employees. Rather than rewarding the employees with a bonus every time a goal is achieved, celebrate the milestones and ensure that employees are awarded memories and experiences along with financial compensation.
Log on to : fastcollab
More Details: Recruitment