Here Is A Perfect Talent Formula To Build Your Startup

On a busy work day, I happened to browse through some online business news portals and something very unusual caught my attention. I came across this article which spoke extensively on startups and corresponding to it were the details of startup funding in September 2017. Going by the data, I observed that at least 50 to 60 startups get funded almost every month, which roughly adds up to 650 startups and more being funded almost every year.

According to a NASSCOM report, India is home to at least 3,100 startups, which constitutes a large share in the Indian economy as it is estimated by experts that more startups are yet to crop up in the next couple of years. Besides, Prime Minister Narendra Modi’s Startup India campaign is an additional boost to the startup culture in the country.

Though there is a lot of brouhaha in the market about startups, what I clearly hear is only a few startups making noise in industry. You might be familiar with names such as PayTM, OLA, Flipkart. In Bangalore we are familiar with startups such as Big Basket, Swiggy, Byju’s etc. Ever wondered how these startups have made it to the top! Read on to find out more. …

Launching a startup in India is no cakewalk. We all know it! It requires approval from the establishments such as government and of course venture capitalists.

Startup launch is a vicious cycle of acceptance, business risk and rejection where each player is a part of the very cycle only to derive quantifiable benefits. Say, a venture capital expresses interest in a startup plan only because they are assured of a return in the long run. We then arrive to another question as to how startups generate these returns? They do it by selling their products and how do startups sell their products? – Through best employees and talent. And so on and so forth. 

As you see, through credible talent, a startup has the ability to generate revenues. Every important transaction begins and ends with good employees. But given the current competition in the market, do you think it is possible to find the best talent? As a key decision maker, you can always resort to hiring agencies as they have the potential and internal tools to support any requirement. They can act like an extended helping arm to your internal HR team.

But before you invest into any hiring agency, it is essential that you follow certain protocols as hiring for a newly launched start-up is considered risky and time consuming. Here are a few pointers you need to bear in mind.

Upgrading your hiring decisions

Hiring talent is a serious matter and what matters most is how well the internal activities of your organisation are orchestrated to get the best talent. An underlying fact that no startup founder can deny is that — hiring/convincing talent to join an organisation can be a challenging task. Thus, you must use technologies and other adopt unique methods to keep a close eye on the existing talent market. You can conduct this highly complicated task by seeking help from hiring agencies that are specialised in mapping talent.

An up to date hiring agenda can help you foresee and plan certain events that might in the future become the basis of every other hiring activity.

Track record of the hiring agency  

It is absolutely necessary to know in detail about the hiring agency you deal with. You do not want to conduct business with incompetent agencies and other unprofessional entities. Before you collaborate with any agency, you will have to know whether the hiring agency is a startup, mid-level enterprise or an established firm. Being a startup yourself, it is not feasible to engage with startup hiring agencies as the cost to delivery and technology is relatively high when compared to experienced recruitment agencies.

Current clients of the hiring agency

Never entrust crucial hiring activities to agencies that do not share their client list as such an act could threaten your brand and position in the industry. The agency you work with should possess an active client base. Check whether they work with other startups. If yes! then you will have to, perhaps, find the strategies that the hiring agency is employing to support the startup.

Working with hiring agencies is both a benefit and a cost factor, however, it all relies on how well a startup is able to research and then execute activities. Han Digital as a hiring agency has a proven track record of working with over 25 startups in the last few years. Han Digital has its own startup hiring cell which makes it easier for recruiters to focus, strategies and develop plans specifically benefiting startups. So, are you now ready to work with us!