Successful technology startups require more than just great ideas, efficient business processes, and access to venture capital in order to achieve greatness. Hiring a strong team that will be fully dedicated to executing the business plan is a more important factor for startups, particularly when the vision of the company cannot be executed with the founders working by themselves.
The hiring process at the startup level can be very challenging for new companies. Searching for the right candidates is typically a time-consuming process that involves screening, job interviews, considerations, and evaluations.
There is also the competitive factor to consider; the job marketplace these days has become constrained by the efforts of established companies that have large budget allocations to allow them to attract and retain the best candidates. These are large companies that invest in branding campaigns and can also retain recruiters who stand to make handsome bonuses with each new hire they manage to place.
Startups face another job market hurdle in the sense that they cannot realistically offer job stability. Although the image of working at IBM for 20 years and retiring with a healthy pension has been shattered by the realities of the new economy, job seekers still feel that large companies may offer greater job security than startups vying to become the next Facebook or Tesla Motors.
With the above in mind, here are four recommendations for startups to follow as they go about hiring new staff members:’
1.Presenting a Positive Corporate Image
This is the most vital aspect of recruiting new staff. If a job candidate sees that a startup is bound to become a maelstrom of negativity, he or she may walk away from the interview or else collect a few paychecks before quitting without giving notice.
Startup founders that fail to build a positive image for their companies will have a very difficult time hiring the right candidates, and they may even face employee desertion when the company goes through hard times. Whoever is in charge of hiring new staff members should also be able to be a brand advocate.
2.Hiring a Recruiting Firm
When founders of tech startups manage to secure venture capital or angel investments, they often gain a business mentor who immediately recommends retaining an IT staffing agency. This valuable recommendation is based upon the fact that proficient hiring takes a certain skill that startup founders rarely have.
Recruiting firms dedicated to the IT industry tend to have the most attractive portfolio of candidates, and many of them have previous experience working with startups. One of the best aspects of retaining a staffing agency is that startup founders can focus on building their company instead of fumbling with talent acquisition.
3.Creating a Benefits Package
Company owners who wish to attract talented Millennial workers should think about the potential happiness of their staff. Millennials tend to be very realistic about modern salary expectations; they are more concerned with their well-being than they are with monthly wages that are just under the regional average.
Benefits do not have to be expensive; small perks such as healthy snacks, game rooms, and open-door policies can work wonders. What can be even more enticing would be to allow younger employees to take on new responsibilities that can help them with professional development.
4.Streamlining the Hiring Processe
Nothing will turn off job candidates faster than a complicated hiring process. Employers should be mindful of the time investment job seekers make; to this effect, streamlining the hiring process with staffing agencies or through business networks such as LinkedIn will prove more attractive to the right candidates.
In the end, tech startups should think more along the lines of human resources than business resources. Many of the greatest companies leading today’s marketplace have invested adequately on staffing, and they have learned that their employees are their most vital assets.
Sia Hassan is passionate about matters of startups and entrepreneurship in general. She can be reached on: siahasan97(at)gmail(dot)com.