As a human resources professional, your recruiting efforts will naturally be different when arranging for personnel for a well-established company that is already known to the public, press, investors and the available talent pool as compared to the work you will do to fill positions at a startup firm. You’ll need to hire people with the specific skills needed to take an idea from zero and turn it into a thriving concern.
What Stage Are You At?
It’s important to recognize what stage you are at in the startup lifecycle, noted a recent report by Henry Kim at The Next Web that describe growing a company from zero to $1 billion. As you start out, you’ll be hiring eager, dedicated individuals who have multiple skills to fill in where needed. You will likely be focusing recruitment efforts on less experienced and younger members of the workforce at this point to bolster product development and acquire new customers as rapidly as possible.
Once you approach the $20 million to $100-million scaling phase, you need to turn your attention to important categories such as branding and marketing, sales, finance and HR to give management a solid infrastructure to accelerate growth. By the time you reach the $100 million to $1 billion scale, it’s time to shift your focus on attracting leaders who have already demonstrated success in growing firms on a massive scale.
The early stages of recruitment can be likened to drafting a team in fantasy football, according to a recent post by Ann Diab at Tech Cocktail.
This means having a solid game plan and knowing what traits you will need the most in your new hires. What’s more, you’ll have to build your team for the long haul. You shouldn’t hire based primarily on who is available as much as you should look for people who will obviously fit in well with your team.
Strategies for Growth
When faced with a lot of competition for new recruits, it pays to have strategies for growth, noted Keith Rabois in a recent TechCrunch post. This includes polishing your mission and selling recruits on the idea of having an impact in the world.
You will want to recruit from outside your normal sources, such as finding prodigies straight from the university or industry geniuses who are not wrapped up in launching their own startup but would welcome the opportunity to be a part of your founding team.
There is so much excitement surrounding companies during their initial startup phase, and you can harness this energy to great effect as you search for your first recruits. Human resources professionals will fulfill their duties much more effectively when they have a concrete plan for cultivating a team that can not only hit the ground running but will have the skills and endurance to ride out the inevitable bumps and shakeups that come as you build the business.