How To Hire The Right Employee For Your Startup

A business owner with $50,000 startup money would need a few more hands to keep the ball rolling. The startup consulting services advise the entrepreneurs to employ the right employees. However, the core objective and goals can't be achieved by handling the business alone. Startups need to have a helpful team of experts that know how to hire the right employee for your startup.

When a business is set, certain company culture is developed. It is developed with the help of current employees. Team building is crucial when the business is new, growing, or needing a new member to introduce some new skill and is why you need to understand how to catch the right startup hire.

Job candidates may turn out to be early hires and potential workers for your establishment. But to be sure about it, you need to analyze your business first. When you start a business, you know the type of business you are getting into. Apart from this, you will have to decide what kind of organization you want as this team will play an important part in building a company culture.

A qualified candidate may or may not be the right person for you. If you end up hiring the wrong applicant, it can result in a loss of finance, time, and managerial efforts, and you wouldn't want that. Start-up consulting services don't want the businesses to incur the loss of hiring the wrong person for the skill gaps in your organization.

Analyze Your Company And Its Core Values

While setting up a business, one will need a plan. The plan would include; what the product is, what the business is about, how to run the commercial operations, how many employees will be needed, etc. Once you are done with this, you will also need to know your company values.

The core values of a business are the principles on which it depends. They serve as guidelines for the commercial operations. Common core values are integrity, empowerment, accountability, diversity, etc.

The analysis is needed for you to understand your business needs completely. What expertise will help your business to function efficiently and grow? How can you achieve your goals and have a good turnover? Your workforce is an essential part of any establishment. They are the fuel that keeps the work happening and delivers results on time.

When Should You Hire Employees For Your Startup

Understanding the importance of employees in a business, you would be wondering when is the right time to look for a new worker. Some needs may point towards appointing a new team member.

• Starting Up: When you start up a business, you can't do everything solely as an entrepreneur. First, you have to start a recruitment process. This is a way to meet the potential aspirants for general startup roles needed in your organization. General roles like the salesperson, sales manager, production manager, etc. A experienced startup consultant can help you evaluate the appropriateness of a new addition to the organization.
• A New Department or Skill Requirement: If there is a new department or a new skill needed in an existing venture, you want new workers. New employees often build a bridge for any skill gaps. The skill gaps can range between social skills for a sales team, soft skills for the HR department, technical expertise in the production team, etc. Key traits of a prospective candidate can make him or her a perfect applicant for the post you are on a job hunt for.
• An Existing Employee Has Left or Retired: This is usually filled with referrals. This is based on an employee referral program. This scheme means that in-house employees or workers who have retired or left their job for some genuine reason may want to refer some new candidate to replace them. That person may be the wrong person for the role you are seeking for.

Not all potential applicants are ideal candidates for the job opening. This is why the hiring manager should screen candidates before they select one. Therefore, a recruitment procedure is involved before selecting the desirable applicant for the post.

Hiring Process

Hiring the right individuals is a very important part of any commercial operation. However, it requires a lot of investment in terms of time, resources, and funds. Hence, it is vital you have the right team show you how to hire the right employee for your startup. But then how can you know who is the right applicant and who isn't? Considering how important decision this is, startup recruitment is very crucial for growth.

As discussed, not every aspirant is the right one for the position need to be fulfilled. The future worker must have a certain skill-set as required by the job, but recruitment makes sure you shortlist the qualified employees.

The entire hiring procedure is based on a few steps that are implemented. These steps take time and effort, and it is better to go through these steps with someone who has knowledge and experience in employing the right individuals.

Some agencies work as independent contractors. Job seekers and contractors listen to the company and get to know the requirement of potential hires. They then look for potential hires. Finally, they search their talent pool to fill the vacancy in the establishment they are working for. This external service is outsourced by small businesses that don't have hiring managers or a separate employment team. However, many large companies also rely on saving time and effort.

Whether filling the vacancy you adapt, doing it in-house with your organization, or getting the assistance of a recruiting agency, it is important to go through the exact hiring process. If it is your first hire for the company or the 100th hire, the procedure remains the same. The employment plan includes steps to lead you to active candidates.

• Acknowledging the need for a new worker.
• Job analysis for the post. This will let you understand what key traits and personality traits you want in the future team member. Also, there are many skills like social, interpersonal, and what type of person you want in your organization. A job analysis will give you a guideline of what you are looking for.
• Sending out word in the professional networks or searching through the employee referral program to see if any prospective hire is available. Of course, you will have to do the extra reference checks to ensure that the people referred are culture fit for the position.
• If you don't get any referrals from your professional networks, you can now hire a recruiting agency or give ads in newspapers announcing vacancies.
• All the applicants will start sending in resumes. This will include unqualified, ideal, and every prospective applicant. Once you shortlist the resumes, you have to follow the startup hiring process.
• Interview: This is the interview process. From the shortlisted resumes, you will call the candidates and make appointments for interviews. The procedure includes one-on-one meetings, whether in person or online. This includes different types of interview questions, unusual questions, open-ended questions, etc. An interviewer can also do a tour-based interview. Some experts recommend making the candidate meet half-dozen people from the existing crew and see how the applicant behaves.
• Written Tests: This may be required for every type of work. But some types of jobs like ones that require people skills. For example, in HR, a candidate may have to appear in an exam for employee assessments.
• Stimulation: These are scenario-based tests. The applicant is put in a work-related scenario, and their performance is monitored to see if the share the same vision with the founder.
• Selection Letter: The selected individual is then given a selection letter discussing all the work details. Some sample employment letters include the onboarding process, payroll service, leave details, etc.

The recruiting strategy can be based on social media networks, professional networks, and an in-house system. Employment eligibility is a key to employing the right person. Due to the pandemic, the corporate industry is more inclined towards online job boards. These platforms introduce the business to potential applicants, and most of the employment process is done online. Additionally, hiring employees from difficult industries can help give startups the inside track to how challenging that startup environment may be.

Why Is Hiring the Right People Essential To Achieve Success

We understand how to employ one or two new teammates, but why is it important to have the right person? From the workers' perspective, they want better employee incentive programs. They are ordinary individuals who want to join a valuable team with great leadership.

An innovative organization is made with potential teammates with good interpersonal and talent. This additional talent can be very useful if the worker is the right person.

The right employee is important for any firm for the following reasons:

• Lower Turnover Cost: the best-fit aspirant means that they will make valuable contributions to the organization. This will result in lower costs in the long run.
• Time: Getting a new teammate means investing a lot of time. This time is worth lots of money, and sacrificing the time for many other chores that could have been done. So, invest time wisely.
• Team Building: with each new member, you build your team and make the company infrastructure. You want to build a strong organization that helps with your business plan.
• Business Growth: the right person will help towards growth and progress while the wrong applicant can do the opposite. The right applicant can save the cost of employing additional people for some relative tasks. They can easily fulfill the position and complete tasks.

Tips And Resources For Hiring The Right Person

How can you hire the RIGHT person? Employing a person is one thing, but getting the right person can be different. A company can thrive with the right team members.

• Job Description: Craft a job description that focuses on the employees' interests. This attracts more potential applicants. It is more like a marketing strategy, and you want to attract the best applicant. This will also help you restrain from unqualified candidates. If the workdescription focuses more on what the company can do for their workforce than vice versa, it will appeal to more eligible candidates.
• Up Your Recruitment Game: You need to go beyond job board sites. Nowadays, people are inclined towards searching for employment through social media networks. Take advantage of that. You can find many young and qualified people through these platforms.
• Better Interview Process: With the same pattern, aspirants know what it will be like. It won't be proper scrutiny of the aspirants. Instead, it is advised to go for some unusual questions, tour-based testing, etc. All these things will unveil the true personality of the candidate. You will better be able to judge the expertise and personal traits. This will help you decide how beneficial that aspirant can be for your team or whether they will be the wrong choice.
• Assess the Personality: Instead of judging based on academic achievements and experiences, go for the soft skills. Please look at how they deal with other teammates you introduce them to. See if they are curious about what the work is or what the establishment is all about. If they readily give advice or feedback, it shows their interest in the work and the teammates.
• Don't Settle for Less: If you didn't find a suitable applicant on the first screening. Start the procedure again. Don't settle for anyone less than what you want. This will increase your cost in the long run if you settle for an under-qualified person. Instead, do the process again and see if you find an applicant that you require.

Final Thoughts On Hiring For A Startup

It is of vital importance to hire the right person for your business. The right person will also increase the percentage of workforce retention for your establishment and increase employee engagement.

A positive environment for the teammates and the entire establishment will result in better productivity. Prospective hires can bring a change you want to see in your company. They can result in lowering the cost in so many ways. So, be careful during the entire employment procedure. You should now have an ability to identify how to hire the right employee for your startup.

Ronald Osborne( Business Coach )

Ronald Osborne is an Australian entrepreneur and experienced business coach. With over ten years of business and mentoring experience, an MBA specializing in Finance, along with launching/partnering with over 10 of his own companies around the globe, he has been able to achieve his version of success. Ronald has been able to help large telecommunication companies, law firms, trade businesses, and everyday business owners improve their business and take it to the next level.