Building a Strong Startup Team:
Strategies for Hiring and Retaining Top Talent
When building a strong Startup team as part of your strategy you will need to start by defining your startup’s vision, ranking cultural fit and diversity, highlighting skills and compliance, contributing to competitive compensation and benefits, structuring a strong employer brand, developing a collective work environment, distinguishing achievements, and providing clear growth paths, you can attract the right fit for your organisation.
The art of building a stellar startup team from scratch:
In this volatile environment there is no more jobs for life, this present challenges especially to start-up, statistics shows that find new customers both internal and external in the most expensive if not properly planned. It is therefore imperative to have a robust recruitment strategy. Building teams require a clear vision, of your goals, and spelling out what skills are required to meet your vision, we use a job description as a guide of your team’s responsibility, however, well defined functionals roles plays a vital role and hiring skills that complement and make fit in the both culture of the business and the functionality.
Why Use Team Roles?
Online tests are used to identify behavioural strengths and weaknesses in the workplace such Belbin Team roles. Whether improving people, resolving tension or fine-tuning high performance,
Belbin Team Role reports provide the language to ensure that individuals and teams communicate and work together with greater understanding and respect of each.
Over the years in my work with start-ups the use of these systems has made the difference in the way companies hire and compile their team in a way that enhances staff retention. Understanding team roles and where individuals are strong in a team facilitates the balance in the team for example you could hire someone who is strong in resourcing, and they will be carrying out outstanding networking and putting the company on the market claiming its share of the pie.
I define culture as a way we do thing around here, therefore as a start-up the culture is fragmented as people are bringing different cultures from where they were working before, they come to your business. As new directors your statement of purpose defines your vision, mission and project your desired performance. In out lining these the skills and attitude as well your operational management will need to harness the culture of the business, the support, the way you deal with complaints and the reporting protocols.
Retaining Top Talent:
In this evolving business world customers are more and more voting with their feet. Obtaining the best available talent isn’t just a matter of recruiting, it’s also a matter of holding on to them. With contingent workers, efforts to prevent talent turnover increasingly a turning point on the reward aspect, presenting a challenge for many organizations. If you’re wondering how to determine whether you’re paying the appropriate amount to your contingent talent, the solution lies in rate management!
Rate management encompasses identifying highest periods, such as holidays, festivals, conferences, and local events, and adjusting rates accordingly to capture increased demand and maximize revenue.
Conclusion:
To summarise it is important to stir your new venture through planning, monitoring and staying compliant by following your policies.