Most founders of startups face the problem of hiring. This is because experts are divided when it comes to hiring. Some say that you should not do it too fast while others say that you shouldn’t be too slow in hiring.
Understanding the perspective of each opinion will help you understand what to do. It is important to be cautious when it comes hiring especially since you have just started up.
Hiring too Quickly
The experts who say that hiring too quickly is wrong argue that you will hurt the morale of your company by doing so. Of course, when the growth of your company is fast you will see the need to start hiring. In your haste to satisfy every client you will hire very quickly. The result? Firing incompetent employees, losing clients because of the incompetence, and hurting your reputation in the initial stages itself.
When you hire too quickly, another problem is that you don’t see whether the candidate actually fits your company. You just assess one skill [the required skill] and forget about every other factor that is important. You might think you made the right decision but in due course you will understand the gravity of your mistake when the candidate is simply not able to do anything except that one job.
Hiring too Slowly
The other set of experts who say that hiring too slowly is bad defend themselves by saying that it is important to solve the impending situation rather than waiting for the best fit for months together. There are times when you have to take quick decisions and you should not shy away from such times. Also, you can never assess a person unless he starts working for you no matter how deliberate you are with your hiring process.
Don’t hire too quickly. Don’t hire too slowly. Take the middle path. As soon as you start off or even before that, take time out to list out certain values that are important to you; that you value. Hire according to those values no matter which post you are looking to fill.
Another good idea is to start small. Start by hiring freelancers and contractors so that your clients are satisfied and you get the time to hire full-time employees alongside.
Hiring has always been confusing and frustrating for startup founders. Going too fast is just as bad as doing it too slowly. Instead you should simply go with freelancers to give yourself time and get the work done at the same time. You may also assess candidates based on pre-set values.