The most challenging task after you’ve set up your startup is to hire an efficiently functioning team for it. Most of the startups face difficulties in this stage because they are new in the market and most of the talent pool is already working in some well-paying jobs. Most startups find it a difficult task to find out where prospective candidates are and where to look for them, with recruiting trends and tactics changing, employers keep on getting crafty with their hiring techniques. It is necessary to hire in the right way and the right people because when you are new, you cannot afford to hire the wrong person and end up paying them when money has just started flowing in. Download and read this info-graphic to find out how to recruit for a startup.
As much as recruiting the right individuals is important, it is necessary to make sure that they are retained. Obviously you would not want a high turnover rate when the company just flagged off. According to research conducted by Bank of America in 2015, small businesses struggled to hire the right talent. The most prevalent reasons cited included very high pay expectations, preference to work in a large or mid-sized brand, and wanted benefits that were not provided by small scale companies. Sometimes it is possible that you get highly-qualified candidates but you need to make sure about what they are looking for in their new job and determine whether you would be a great fit for them.
Do not rush the hiring process, keep it slow yet consistent. Put yourself in the candidate’s shoes and look out for their needs and aspirations. Don’t just hire someone because you need employees quickly. One of the biggest decisions for any startup, it is very important to decide on the right time to start hiring and what roles should be hired first. Make it a point to have a decision on what skills and personalities do you want to see in your new hires. A lot of such talent pool is available on Fiverr, where you can search out for the right candidates for your startup. While having the right recruiting of employees is a must for a startup planning expansion, maintaining fruitful communication, and retaining employees is essential too. To read more on how to recruit for a startup and build a team, read our blog on Building a team: How to recruit for a startup.