Archive for August, 2014

Have You Hired a Supporting Cast for Your Company’s Lebron James?

August 22nd, 2014

lebron jamesWhen gearing up to hire for a new startup, you’ll want to consider the timing of how you recruit for top leadership. In many cases, it’s better to make sure that you focus your efforts on developing a great team to be the supporting cast for your star player.

Doing so helps you on multiple fronts. For one, having a great team in place will make potential executives more inclined to consider working with you. Establishing a great support team also helps ensure that the organization will continue to not only thrive but also innovate and expand even after the loss of a key player.

In fact, developing a “team behind the founding team” is of paramount importance, noted a recent article at Entrepreneur. A PR scandal or the injury or death of a founder will rock your organization to the core, but having a good support team will help prevent the whole enterprise from going down in flames.

What’s more, you never know where your company’s next great idea is going to come from. Instead of counting on just the CEO to drive innovation, you can build a creative culture that encourages contributions from every level in the hierarchy at your firm.

Consider the world of sports, where high-pressure deals and immense competitive pressure drive the search for talent just as much as it occurs in the corporate world. A recent post by Neil Paine at FiveThirtyEight notes just how beneficial it has been for the Cleveland Cavaliers now that LeBron James has announced his return to the team after four years of playing with the Miami Heat.

James specializes in helping any team he plays with to score big, having won more than 60 games per season three times already in a career of 12 seasons to date. Statistics reveal that his new team at Cleveland is so talented, they will be his best support team yet, which could bring the team to even greater heights.

Just as it’s ludicrous to think one person can win a pro basketball game, it would be folly to imagine a business will do well on the backs of an enormously talented CEO without the best available support team. This is what you should keep in mind when hiring for your startup.

It’s understandable that companies would focus on their star founders, mythologizing and romanticizing them for PR reasons and to help attract new customers and new talent. But a company shouldn’t leave itself so dependent on one person, no matter how much star power he or she brings to the table. This is the case for the boardroom just as much as it is on the basketball court in the NBA. A support team composed of people with a broad range of expertise will help you weather the inevitable storms that come as your company begins to grow and expand.

Small Businesses Need to Think Big About Hiring

August 6th, 2014

How well is your small hirebusiness doing in recruiting new hires? Even as the economy improves and organizations start stepping up their hiring efforts, you may still find it difficult to attract qualified workers. In fact, more than half of companies still have open and unfilled positions due to a lack of available talent, according to a new report at the Democrat & Chronicle. You can remedy this problem by starting to think big about your hiring process.

For example, when was the last time you and your colleagues put yourself in the shoes of candidates to see why would they want to work at your company? During interviews, make a point of showcasing what makes your business stand out from the competition. You can be assured that the best and most talented recruits will be looking for companies that they match with in terms of values and culture.

You’ll also want to consider starting a program where candidates can shadow your employees for a day to get a better idea of your day-to-day operations and to see if there will be a good cultural fit.

Are you using social media to your benefit? It’s not enough for organizations to use Twitter, Facebook and other channels just to hype their accomplishments or address criticism. Reach out to new candidates through social channels, letting them get a sense of what it’s like to work at your business. When you find a promising candidate on LinkedIn, for example, your next step should be to check other social media for any inappropriate photos or comments to weed out undesirables.

And while you can target more younger people with social media, it’s important to remember the value in hiring older employees for their wisdom and experience, noted a recent post at Forbes. The added benefit is that you will get some talented mentors for the younger members of your team.

At the same time, you need to make sure you are offering fair compensation. Take advantage of the data at sites like PayScale and Salary before posting salary ranges in your upcoming want ads. While you’re at it, why not start offering cash incentives to your team members who refer successful new hires? Your current employees will serve as great brand ambassadors and their knowledge of your company culture will help you recruit applicants that will make a good fit.

Freelancing is another option your organization will want to give more consideration, according to a recent report at the Fox Small Business Center. You mainly benefit by saving money and having a more flexible workforce. What’s more, many freelancers have quite an entrepreneurial spirit that can do wonders for rejuvenating your business.

The bottom line is that if you want to continue growing as a company, you need to start thinking big about hiring. You’ll be rewarded with an improved workforce and an enhanced reputation among jobseekers.