Several companies have claimed “hiring the wrong people” was the biggest mistake in their entrepreneurial journey. While we cannot ensure a fail-proof hiring strategy, we can help you avoid some common HR problems that most small businesses face while starting up/expanding the team.
Start-up culture is called that for a reason. According to global data, employees love working in offices that offer flexible work timings. In fact, employees are more productive when they feel unrestricted by time. Research suggests long/unfriendly work hours are bad for employee health and morale.
To make your startup a stress-free workspace, you might want to make it a 24/7 walk-in work place with no restrictions on working hours, holidays, great interpersonal bonding etc.
As a new entrepreneur, you may want things to start rolling at an exciting pace. Hiring rapidly is not the solution to your growth/HR problems. Business Insider polled a number of HR professionals of which 41% agreed that a hasty hire can cost the company thousands or probably more.
Your hiring decision should be based on a careful and critical evaluation of the resumes. Sprinting into mindless hiring can empty your bank and waste time.
Giving Feedback the Right Way
Constructive criticism is an art. How do you offer your opinion without being too discouraging or dismissive of your employees’ efforts?
An evaluated response/input helps channel the efforts of the entire team in the right direction. Appropriate feedback helps bolster growth. It also encourages employees to work harder and solve problems in a more positive manner.
Every employee is different from the other. They all have distinct personalities and contribute differently to a common goal – your business. One may have the tendency to overlook or undermine a personality, which could backfire for the business.
It’s important to recognize an employee for a job well done, even if it’s a minor one. Communicate regularly with your employees and build relationships.
Foster a culture that you can be proud of because your business are the people that work for you.
Micromanagement is a popular entrepreneur trait. We know your business is your baby and while you may want to be doing everything, it’s better to leave it to the experts you hired for the job.
Encourage your employees to own a project. Let them take the decisions. Let them get creative. Go to them with a business problem and let them help you solve it.
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