Choosing to hire is a significant business decision for any organization.
Employees add considerable costs to a company’s overhead, as well as potential liability. Startups have limited resources—every additional employee must be carefully considered.
A company’s growth is measured according to its profits and losses. The cost of unnecessary hiring and/or hiring the wrong person can be detrimental to a company’s bottom line.
Before engaging in the recruitment process, management should clearly understand the company’s operational requirements, projected revenues and business goals, and then determine the types of skills and competencies required to meet those needs.
Hiring new employees is not the only answer. Before proceeding directly to the recruitment process, consider the following alternatives for meeting your company’s existing needs:
The following steps constitute the main elements in the recruitment, selection and hiring process:
Many startups make the following errors when recruiting new employees:
Proper planning can help your organization to develop and execute a proper recruitment strategy and avoid many of these errors.
Butteriss, M. (1999). Help Wanted: The Complete Guide to Human Resources for Canadian Entrepreneurs. Toronto: John Wiley & Sons.