Recruiting for StartUps

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Recruiting for Start-Ups

• Presentation by Phil MortonGeneral Manager
  SATMP/Hudson Global Resources08/04/03

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• How to recognise the stages of an unsuccessful
  start-up

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Recruiting for Start-Ups

• Options
• Existing networks
• Advertising with the use of exciting editorial to
  engender interest in companys potential
• Professional recruitment/search firms

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Recruiting for Start-Ups

• Who Joins?
• Past work colleagues
• People out of work
• Friends and family
• Technical experts, personality unknown

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Recruiting for Start-Ups

• How to retain a team
• Determine, develop and foster desired culture
• Effective remuneration
• Company vision
• Personal interests

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Recruiting for Start-Ups

• Importance of Culture
• Start-ups dont have one!
• Culture determined initially by founder/owner
• Effective culture matching
• Professional recruitment firm adds value

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Recruiting for Start-Ups

• Remuneration
• Salaries
• Bonuses
• Profit Share
• Equity
• Other Benefits

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Recruiting for Start-Ups

• Why people want to work for a start-up
• Make a name for self
• Live on the edge, excitement
• Challenging self to extend limits
• Longer term rewards
• Shaping company destiny
• Break away from corporate control

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Recruiting for Start-Ups

• Characteristics of a successful start-up
  employer/director

• Historically prepared to put in long hours
• Passionate about the new business
• Enjoy hectic multi project environment
• Frugal
• Thrive in organised chaos
• Confident self starters
• Entrepreneurial

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Recruiting for Start-Ups

• Directors for Start-Ups
• Balance of Executive Non Executive Directors
• Board level versus Operations level
• Balance product/industry knowledge Directors and
  outsiders
• Financial interest in company

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Recruiting for Start-Ups

• Staged Growth and Recruitment
• Personnel plan should mirror strategic plan and
  budget
• Different types of people recruited for different
  stages
• Maintain a potential recruits file
• Form strategic alliance with professional
  recruitment/search firm

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Recruiting for Start-Ups

• Staff Development
• Beyond Recruitment!
• Training and development necessary
• Roles change as company grows
• Always recruit with the future in mind

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Recruiting for Start-Ups

• Summary
• s help it happen
• People make it happen!

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