Good hiring is always a tough task for any startup. And receding recession could mean even more challenge in the situation, when talent within starts looking at options outside. For greener pastures or simply for the sake of change. Operationally speaking, the cash pay-out of hiring goes way too higher than the recession days and it becomes increasingly challenging for business owners to buy dedication from their employees.
Another aspect of recovering economy is surge of multinationals (for
example Zynga
coming into India declaring hiring of about 100 odd gaming employees)
into the local market and playing a spoil-sport. But that’s a bitter
truth one has to live with, and honestly speaking its good to compete.
So how can startups retains talent or hire good guys who would dedicate oneself against the lure of money? Tough question that is but here are some ways which can help:
1. More often than not good developers work only for work satisfaction. Providing tasks which give thrill of execution will surely keep the steam going. (This works even without any extra money for that matter).
To read the full, original article click on this link: Startup Hiring in the Face of Receding Recession [Startups]
Author: arvind