successful recruitment strategies for startups

Contents1. INTRODUCTION2. CURRENT HIRING TRENDS FOR

STARTUPS3. MOST COMMON HIRING FAILS

FOR STARTUPS TODAY4. HIRING DURING INITIAL STAGES

AND HIRING FOR GROWTH IN A STARTUP

5. IMPORTANCE OF CULTURAL FIT 6. THE VALUE OF INTERNS AT A

STARTUP7. DEALING WITH FAILURE AND THE

STEP-UP PLAN FOR A STARTUP8. REFERENCES9. APPENDIX

IntroductionA startup is a volatile and unpredictable environment to work in. Likewise, hiring for a startup comes with its own unique challenges. Recruiters have to consider many important factors that we will outline for you today.

Most common hiring fails in startups today

Not being clear on who you really want

Skimping on candidate evaluations

Not taking Budget as an important factor

Not considering factors outside of formal education

Not caring why the last person left

Not Making Candidate more aware

Most common hiring fails in startups today

Not being clear on who you really want

Skimping on candidate evaluations

Not taking Budget as an important factor

Not considering factors outside of formal education

Not caring why the last person left

Not Making Candidate more aware

Be sure of exactly where you need help and check if the candidate is a cultural fit for the organization.

Most common hiring fails in startups today

Not being clear on who you really want

Skimping on candidate evaluations

Not taking Budget as an important factor

Not considering factors outside of formal education

Not caring why the last person left

Not Making Candidate more aware

Founders often miss doing this exercise as they tend to find and hire people they know or personally like.

Most common hiring fails in startups today

Not being clear on who you really want

Skimping on candidate evaluations

Not taking Budget as an important factor

Not considering factors outside of formal education

Not caring why the last person left

Not Making Candidate more aware

● Founders may choose to hire someone with a lesser skill

● Poor Compensation

Most common hiring fails in startups today

Not being clear on who you really want

Skimping on candidate evaluations

Not taking Budget as an important factor

Not considering factors outside of formal education

Not caring why the last person left

Not Making Candidate more aware

The main focus should not be how someone does in a classroom but how open and flexible they are that they could learn and grow.

Most common hiring fails in startups today

Not being clear on who you really want

Skimping on candidate evaluations

Not taking Budget as an important factor

Not considering factors outside of formal education

Not caring why the last person left

Not Making Candidate more aware

Determine why the last person left before hiring a new candidate

Most common hiring fails in startups today

Not being clear on who you really want

Skimping on candidate evaluations

Not taking Budget as an important factor

Not considering factors outside of formal education

Not caring why the last person left

Not Making Candidate more aware

Determine what tasks and responsibilities can be assigned to the new employee.

So much competition in the market! How can a startup standout?

Attracting Top Talent - How can a startup stand out?Provide gratification

Treat your startup as a perk

Hiring process should reflect your culture

Go head on with the fear of failure

Attracting Top Talent - How can a startup stand out?Provide gratification

Treat your startup as a perk

Hiring process should reflect your culture

Go head on with the fear of failure

Start-ups should not shy away from selling themselves and offer employees the satisfaction of making a difference.

Attracting Top Talent - How can a startup stand out?Provide gratification

Treat your startup as a perk

Hiring process should reflect your culture

Go head on with the fear of failure

Startups usually have distinctively different environment unlike traditional corporations which, for many employees, is actually a perk.

Attracting Top Talent - How can a startup stand out?Provide gratification

Treat your startup as a perk

Hiring process should reflect your culture

Go head on with the fear of failure

For startups it’s important to focus on values like passion, respect, individual responsibility, and desire to grow.

Attracting Top Talent - How can a startup stand out?Provide gratification

Treat your startup as a perk

Hiring process should reflect your culture

Go head on with the fear of failure

You are a startup with no track record or guarantee of success, so it’s no doubt that applicants will be worried about that.

Top Hiring Strategies for Startups● Referrals

● Job Boards● Employer Branding● Social Media Activity ● Mass Auditions● Puzzles and Brainteasers● Attend Events and Meetups● Online Recruitment Platforms● Budget for Key Hires● Separate Skills from Behaviours● Hire Remote Staff● Continuous Hiring● Host a Trail Day● Campus Recruiting● Target Other Startups

Do you value quality over quantity?Do you value truth and finesse over comfort and momentary gain?

Do you value quality over quantity?Do you value truth and finesse over comfort and momentary gain?

A candidate’s response to the above question can literally mean the difference between the success and failure of your startup.

Good cultural fit = Greater job satisfaction

Identified more with their company

Were more likely to remain with their organization

More committed

Showed superior job performance

How do you go about getting

the right cultural fit for your

organization:● Articulate what values, norms and practices define your

business.● Important to look for qualitative qualities in a candidate● Check for adaptability in a candidate as multi-tasking is

inevitable in a startup● Arrange for candidates to meet with team members

from a variety of levels across the organization.● Remember not to sacrifice on diversity as you hire for

culture fit.● Use branding materials that showcase your culture in

action, as this will attract the right candidates to apply for the position

● For a startup it’s necessary to make sure the job content and writing style, ultimately reflect the bigger goals and passions driving your organization.

While you are out there handling important aspects of your startup, like bringing in investors, branding, building the product, legal formalities,

etc. Is there something you could also be doing to make your life easier?

While you are out there handling important aspects of your startup, like bringing in investors, branding, building the product, legal formalities,

etc. Is there something you could also be doing to make your life easier?

YES! Absolutely.

While you are out there handling important aspects of your startup, like bringing in investors, branding, building the product, legal formalities,

etc. Is there something you could also be doing to make your life easier?

YES! Absolutely.

Hire Interns

OK but why hire Interns?

1. Future talent leads for the company

2. Extra pair of hands for execution

3. Branding among student community

4. Easy use of technology

5. Test out new ideas and roles in the company

6. Out of the box thinking

7. Test drive your future employees

Hiring interns

Hiring interns

Hiring interns

Managing interns

Hiring interns

Managing interns

How to successfully manage interns for the perfect win-winUnderstand the whole fad of "What is in it for me". Sell your company and

the role to the candidates

Maintain a broad, consistent pipeline of potential interns.Provide them with a large, long-term project.Never treat a part-time intern like a full-time one.Have a formal performance management process.Provide interns with a strong mentorUnderstand beforehand, what level of commitment to expect from the

internsHave a clear plan for the outcome of the internshipPay. Pay.Plan non-work related activities.

How to Deal With Failing and the step up plan for hiring in a startupDefine Your Hiring Plan

Hire The Right One

Assessment Of Required Skills

Innovative Selection Practice

Be Instantaneous

How to Deal With Failing and the step up plan for hiring in a startupDefine Your Hiring Plan

Hire The Right One

Assessment Of Required Skills

Innovative Selection Practice

Be Instantaneous

Avoid bulk hiring at one time and plan your hiring strategy beforehand.

How to Deal With Failing and the step up plan for hiring in a startupDefine Your Hiring Plan

Hire The Right One

Assessment Of Required Skills

Innovative Selection Practice

Be Instantaneous

Do not assign only a few days for hasty completion of the hiring process.

How to Deal With Failing and the step up plan for hiring in a startupDefine Your Hiring Plan

Hire The Right One

Assessment Of Required Skills

Innovative Selection Practice

Be Instantaneous

A recruiter should confirm candidate’s required skills and credentials to validate one’s abilities.

How to Deal With Failing and the step up plan for hiring in a startupDefine Your Hiring Plan

Hire The Right One

Assessment Of Required Skills

Innovative Selection Practice

Be Instantaneous

Embrace practices like role-play or assigning small projects to the candidates.

How to Deal With Failing and the step up plan for hiring in a startupDefine Your Hiring Plan

Hire The Right One

Assessment Of Required Skills

Innovative Selection Practice

Be Instantaneous

A powerful sales mantra - Always. Be. Prompt.

Referenceshttps://www.entrepreneur.com/article/236238http://www.century-group.com/insights/effective-recruitment-strategies-for-startups-in-any-industry/http://www.techstars.com/content/entrepreneur-resources/best-recruiting-practices-for-startups/https://www.entrepreneur.com/article/250970http://www.hongkiat.com/blog/your-first-business/http://paulgraham.com/startupmistakes.htmlhttp://thenextweb.com/entrepreneur/2013/11/03/gracefully-wind-failing-startup/http://thenextweb.com/entrepreneur/2013/09/22/just-started-a-company-you-might-make-these-mistakes-if-youre-not-careful/http://www.businessnewsdaily.com/6054-reduce-startup-failure-risk.htmlhttps://www.nerdfitness.com/blog/5-steps-after-failing/http://www.hongkiat.com/blog/your-first-business/http://q2hrs.com/best-recruitment-strategies-start-ups/http://www.onesourcemanaged.com/Companys/Recruiting_Strategies.pdfhttps://www.quora.com/What-are-the-best-methods-that-startups-are-using-to-hire-talent4 Strategies for Hiring the Right People at Your Startup - Entrepreneurhttps://www.google.co.in/url?sa=t&rct=j&q=&esrc=s&source=web&cd=4&cad=rja&uact=8&ved=0ahUKEwi4kMicicHQAhUDT48KHac6CF4QFggvMAM&url=https%3A%2F%2Fwww.entrepreneur.com%2Farticle%2F250970&usg=AFQjCNG6W3MqIWBjC1xFGUkmnnLk6FgGGQ&sig2=RS0FR-VX9MBNcvXwbWms_whttps://www.marsdd.com/news-and-insights/hiring-strategies-startups-five-tips-recruite-first-hire/http://recruitloop.com/blog/hiring-strategies-for-tech-startups/http://www.inc.com/sujan-patel/how-tech-founders-are-recruiting-top-talent.htmlhttp://www.techstars.com/content/entrepreneur-resources/best-recruiting-practices-for-startups/

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