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Hiring for Startups

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TiE Institute Workshop - Hiring for Startups …

TiE Institute Workshop - Hiring for Startups

What are critical aspects to look out for to ensure that you know how to recruit a winning team? How to find the best talent?

Presentation by Arvind Mishra- Founder and CEO of In-depth Consulting Services Private Limited

Published in: Business, Technology

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Transcript

  • 1. Hiring for Startups Oct 2013 www.in-depth.in
  • 2. HIRING is HARD WORK In-depth Consulting Pvt Ltd 2013 2
  • 3. Its Not Hiring…Its creating a pull & selling “Do you want to sell sugared water for the rest of your life…Or do you want to change the world?” - Steve Jobs Video In-depth Consulting Services Pvt Ltd Preliminary and tentative – For discussion purposes only 3
  • 4. The key steps to reach there : 1. 2. 3. 4. Attracting Selecting On-boarding Engaging In-depth Consulting Services Pvt Ltd Preliminary and tentative – For discussion purposes only 4
  • 5. #1 : Attracting them… In-depth Consulting Services Pvt Ltd Preliminary and tentative – For discussion purposes only 5
  • 6. #1 : Attracting them You are always hiring.. Just like you don’t pause Sales – don’t stop building your team. Very often you get good talent when you are not actively looking for one Make it easy for them to find you. • Blog, talk, write, social media eg: linked-in, facebook, seminars, alumni networks, @campus • Build a powerful interactive website • Talk to people you know… Animation In-depth Consulting Services Pvt Ltd Preliminary and tentative – For discussion purposes only 6
  • 7. #1 : Attracting them Sell the cause, the vision, the dream • Not a company It’s a mission • Not a job Job satisfaction and flexibility are the key value propositions for a startup It will be tough to attract for at-least 3 years and after that it will be tough to select In-depth Consulting Services Pvt Ltd Preliminary and tentative – For discussion purposes only 7
  • 8. #3 : Selecting them In-depth Consulting Services Pvt Ltd Preliminary and tentative – For discussion purposes only 8
  • 9. #2 : Selecting them The selection process is critical • Check for cultural vision/fit • FIT – attitude/aptitude – FIT • Independent References • Give direct, honest feedback • Don’t “close” a position, trust your instincts • Be wary if salary, position discussions come upfront… • Go for clarity, collaboration, execution, resilience and specific skills not for big brands – “Money Ball” Money ball - thinking In-depth Consulting Services Pvt Ltd Preliminary and tentative – For discussion purposes only 9
  • 10. #3 : On-boarding them… In-depth Consulting Services Pvt Ltd Preliminary and tentative – For discussion purposes only 10
  • 11. On-boarding them Keep in regular touch yourself… • To answer queries • Visit the office • Meet to-be colleagues Emphasize on • Challenges and learning, • Acceleration of responsibility, • Chance of getting rich on equity • Personal, in-depth, hassle free induction (IBM, indepth) In-depth Consulting Services Pvt Ltd Preliminary and tentative – For discussion purposes only 11
  • 12. #4 :Engaging them In-depth Consulting Services Pvt Ltd Preliminary and tentative – For discussion purposes only 12
  • 13. Engaging them Provide Freedom • Don’t Micromanage Provide on-time feedback and coach them • Be a hands on guide Ensure cordial exits • Ex employees are powerful brand ambassadors Clients.. .and partners… • Are a good source of referrals Nothing works like word of mouth from current team • To attract fresh talent In-depth Consulting Services Pvt Ltd Preliminary and tentative – For discussion purposes only 13
  • 14. Engaging them Keep the adrenalin flowing • Celebrate wins • Discuss the losses • Ensure team connect and fun element • Set tough targets and coach them to succeed • Keep a “jihadi” focus on targets In-depth Consulting Services Pvt Ltd Preliminary and tentative – For discussion purposes only 14
  • 15. In Summary… • You are always ON…. • Showcase the vision – more than the company and the joband trust your instincts Video on instincts • Take care of your existing team – they are your best brand ambassadors.. • There is no perfect team, specially in the beginning…good teams evolve with practice In-depth Consulting Services Pvt Ltd Preliminary and tentative – For discussion purposes only 15
  • 16. Thank you arvind@in-depth.in +9663333040 www.in-depth.in

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