Do you want to recruit the right talents for your startup at early stages?

Do you want to recruit the right talents for your startup at early stages?

Now, during a downturn, is the best time to hire skilled personnel at reasonable compensation levels.

To decide on this matter, I'll guide you through

"2 steps to determine whether to recruit talented individuals for early-stage startups":

Step 1: Assess the financial resources of the Startup

All recruitment strategies revolve around the budget you can allocate (whether from funding or internally generated resources).

You should allocate a budget capable of sustaining these high-level personnel for at least 4 months.

Because these high-level personnel, when newly joining the company,

Won't immediately produce results.

They'll need:

1 month to get acquainted

Another 2 months to generate initial results

The final month to provide value that justifies the company's expenses.

In cases where these personnel aren't suitable, cooperation must be terminated.

You'll need to spend an additional 1-2 months supporting their salary while they find new employment.

Step 2: Always have a trial period before full-time engagement:

These high-level personnel in your current company tend to spend time supporting some side projects during their free time.

If you see potential in them, propose part-time collaboration first.

This helps the company assess the candidate's suitability and saves time and money if the candidate isn't a good fit.

Parting ways between both parties is also much smoother this way.

This is crucial for startups because hiring the wrong high-level personnel could quickly drain the startup's precious cash flow.

Example:

At a company I'm currently assisting,

A high-level personnel officially joined the startup full-time.

After a year of part-time work to understand the job,

The company knew this high-level personnel could immediately get the job done upon joining.

As well as knowing that now is the time to hire this high-level personnel.

Currently, after a year of full-time participation in the company, both parties are highly satisfied with each other.

In summary:

2 steps to determine whether to recruit talented individuals for early-stage startups

Step 1: Assess the financial resources of the Startup

Step 2: Always have a trial period before full-time engagement

During a downturn, sustainable development will be prioritized.

So, this will be the trend for hiring high-level personnel for upcoming startups.

(End)

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