Any start-up aspiring for success needs a team of efficient and dedicated people. However, having the best team requires a lot of money. Start-ups find themselves competing with the market with other well-established companies. These companies poach their employees often with better paychecks. So, here is how you can put together your dream team on a budget, without fears of it disbanding.
1. Capture the Imagination of Your Candidate with Fancy Job Descriptions
As a start-up, you have greater freedom of creativity and hence should use advertisements to market what makes your start-up more appealing. Usually, top candidates want to go where they can express themselves.
2. Treat Your Candidates Like People
Bigger organizations are often impersonal in their hiring practices. They receive thousands of applications, and only a few of them are selected for interviews. The rest do not even get a response. By listening more, and engaging with your applicants in the hiring process, you can make your applicants feel wanted. Consequently, this is great for attracting applicants who wish to be valued, and it does not cost a thing.
3. Use Your Network
Employee referrals are a great way to hire some of the best talents. So, use your network to spread the news about job openings in your start-up. Furthermore, host occasional hiring events focused on prospective employees.
4. Get Recruitment Software
Recruitment software helps you sift through applications, placing the best candidates on top, schedule meetings and can even send feedback. This might seem like a big cost at the start; however, if you see the amount of time you can save in the future and the ease of hiring, it is not so much.
5. Look for Value
Hiring from the top 5% is not the answer. It can prove to be problematic because poachers will always be sending them offers with increased benefits and pay. A team of top 5% will only end up as a clash of the egos, unable to get much done.
Start-up culture is unique because the company is just starting. Therefore, you need to have people you can trust. So, your ideal candidate is the one who does not want to be just another cog in the machine. These people are not motivated with paychecks and benefits, but with promises of growth, diversity, and self-development. Check out our team consulting program to know more about how we can train and help your team members towards achieving your start-up goals.
6. Building Capacity
Your team will be a mixed batch of people. The best ones and the mediocre ones. It is the mediocre ones, on whose performance the company depends. Usually, it is the average performers that leave when they continuously find themselves on the bleachers. Making sure they are part of the decision-making process and helping them get better are all fundamentals for the success of your start-up. Remember, when your best ones are poached, it is the average ones that will have your back.