hiring for startups
DESCRIPTION
TiE Institute Workshop - Hiring for Startups What are critical aspects to look out for to ensure that you know how to recruit a winning team? How to find the best talent? Presentation by Arvind Mishra- Founder and CEO of In-depth Consulting Services Private LimitedTRANSCRIPT
www.in-depth.in
Oct 2013
Hiring for Startups
HIRING is HARD WORK
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Its Not Hiring…Its creating a pull & selling “Do you want to sell sugared water for the rest of your
life…Or do you want to change the world?”
- Steve Jobs
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The key steps to reach there : 1. Attracting 2. Selecting 3. On-boarding 4. Engaging
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#1 : Attracting them…
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You are always hiring..
Just like you don’t pause Sales – don’t stop building your team. Very often you get good talent when you are not actively looking for one
Make it easy for them to find you.
• Blog, talk, write, social media eg: linked-in, facebook, seminars, alumni networks, @campus
• Build a powerful interactive website
• Talk to people you know…
#1 : Attracting them
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Sell the cause, the vision, the dream
• Not a company
It’s a mission
• Not a job
Job satisfaction and flexibility are the key value propositions for a startup
It will be tough to attract for at-least 3 years and after that it will be tough to select
#1 : Attracting them
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#3 : Selecting them
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The selection process is critical
• Check for cultural vision/fit
• FIT – attitude/aptitude – FIT
• Independent References
• Give direct, honest feedback
• Don’t “close” a position, trust your instincts
• Be wary if salary, position discussions come upfront…
• Go for clarity, collaboration, execution, resilience and specific skills not for big brands – “Money Ball”
#2 : Selecting them
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Money ball - thinking
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#3 : On-boarding them…
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Keep in regular touch yourself…
• To answer queries
• Visit the office
• Meet to-be colleagues
Emphasize on
• Challenges and learning,
• Acceleration of responsibility,
• Chance of getting rich on equity
• Personal, in-depth, hassle free induction (IBM, in-depth)
On-boarding them
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#4 :Engaging them
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Provide Freedom
• Don’t Micromanage
Provide on-time feedback and coach them
• Be a hands on guide
Ensure cordial exits
• Ex employees are powerful brand ambassadors
Clients.. .and partners…
• Are a good source of referrals
Nothing works like word of mouth from current team
• To attract fresh talent
Engaging them
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Keep the adrenalin flowing
• Celebrate wins
• Discuss the losses
• Ensure team connect and fun element
• Set tough targets and coach them to succeed
• Keep a “jihadi” focus on targets
Engaging them
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• You are always ON….
• Showcase the vision – more than the company and the job- and trust your instincts
• Take care of your existing team – they are your best brand ambassadors..
• There is no perfect team, specially in the beginning…good teams evolve with practice
In Summary…
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