6 THINGS TO LOOK FOR WHILE HIRING FOR A STARTUP

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FASTCOLLAB

• 6 THINGS TO LOOK FOR WHILE HIRING FOR A STARTUP

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• 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.

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• 3. In-House Entrepreneurship Given the small
  workforce of Startups, it is important to have
  entrepreneuring people take advantage of
  strategic in-house 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.

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