Part of your job as an entrepreneur involves the hiring, a recurring process, that you need to get right every time. One wrong employee can turn a strong work environment or expansion effort sour, and it might not even be the employee’s fault. It may be because you made a mistake. Think about the following mistakes before you start looking for candidates.
Arbitrarily Designing Compensation Packages
There are certain expectations when it comes to compensation. People with different levels of experience and training expect different salaries and benefits. You can’t just throw a number out there and hope someone bites; all you’ll get at your doorstep will be those ignorant of industry compensation standards — which you don’t want.
Research expected compensation before putting up your help wanted ads. You can get a good idea of what they expect by checking out job postings with similar requirements, or by asking HR representatives.
Inflating Job Titles
You’ll want to attract top talent as an entrepreneur. However, the odds are already stacked against you because you’re a new business trying to gain ground on established companies. You want the best manning the battle stations, and in an effort to attract them to your company, you give them inflated job titles. It may be to compensate for your weaker compensation, or because you’re not exactly sure what they’re going to do. The fact remains that you shouldn’t do it, because at some point, they’re going to want to be paid at the level of their inflated title.
Hiring When You Don’t Know What You Need
When you’re expanding a company as an entrepreneur, there will be time constraints. There may be only a small window wherein you can increase your reach and get the market at the same time. It’s tempting to start the hiring process before you know who you need on the team. Resist the temptation, as you may end up hiring a person with the wrong skillset, who feels unsatisfied or ill suited for their job. This leads to turnover, which leads to even more hiring and training expenses.
Talk with your partners and get a clear idea of who you need in the start-up. Develop thorough job descriptions that focus on expected output, which will help make sure that only candidates confident in delivering that outcome will apply. It’ll also ensure that anyone who does apply has a good idea of what their responsibilities will cover.
Combining Multiple Jobs into One
Entrepreneurs are expected to perform multiple responsibilities, as are their employees. This is obvious to you and anyone who’s ever worked in a start-up, but new hires may not have the same idea. They may be expecting the standard responsibilities, only to find they’ve been overextended. Avoiding this means hiring people for one specific job.
Giving someone responsibilities equivalent to two jobs may be unavoidable. In that event, make a list of their primary and secondary responsibilities. Make sure the new employee understands which tasks are prioritized, and that he informs you or the managers of any secondary tasks he won’t be able to fulfill. Pay attention to the workload and be ready to hire someone to take on those secondary responsibilities when they become overwhelming.
Leaving New Employees to Their Own Devices
Start-ups are hectic places. Everyone’s got something to do and a deadline to race. New employees may find themselves sitting at their desks, wondering what to do next or even how to log-in to their emails. This can set a negative tone for the rest of their stay.
Take the time to acclimate the new hires to their new office. Have regular meetings with them to teach them about the office and what they should expect. Your new employees will need to have a certain level of autonomy to be efficient, and they can only do that if they’re comfortable with what’s expected of them and their workspace.
Hiring new employees is exciting, whether it’s at the onset of the start-up or when you’re expanding. New people are coming into the office, and they’re going to bring a different energy. They symbolize the progress you’ve made as an entrepreneur, and the progress you’re going to continue to make. You just have to make sure you’re hiring the right people.