During the startup phase of a business, there is an endless amount of work to be done, but only limited resources to help complete it. Hiring for your start-up can be difficult while money is tight and you’re still struggling to prove your company’s worth.
Instead of trying to pawn work off onto friends and family, or try to complete everything yourself, there are three great solutions to hiring talented professionals at a fraction of the cost. Getting the right talent to work for your company during the startup phase can help set your company up for future success and growth.
Hire Contractors
One of the best ways to get top-notch talent without paying high salary costs is by hiring contract employees. Whether you need to hire a developer to build you a website or a social media manager to create and manage your social media sites, these can all be done on a contract basis.
For example, you can hire a VP of Marketing for your start-up for one day a week to help develop and direct your company’s marketing strategy. That way you can get the leadership and experience of a C-Level executive without the risk of a turnover or high salary costs. Another advantage of using contractors is that you can hire them very quickly with very little risk. If your company is going through a large growth phase, then you can quickly add new talent and taper off if business slows down.
If you’ve found that you now have too many contract workers, then you can easily end their contracts or reduce the amount of time they’re working per week.
Consider Remote Workers
The advantages of hiring remote workers are similar to contract workers in terms of flexibility. However, many contractors will come into the office and are not always remote. Remote workers are still a great option for startups and many will only be able to work on a part-time basis too.
For example, stay-at-home moms and dads may only be able to work for half a day, but then spend the rest of the day caring for their children. Paying quality professionals on a part-time basis saves you money and benefits both you and the remote worker. You can even advertise one of the perks of the position as working from home.
Hire Interns
Finally, a great way to hire professionals at little cost is to hire college interns. There are always college students looking for real work experience, and although they may not be highly qualified, they will be eager and quick to learn new tasks you assign them.
One caveat to hiring interns for your start-up is that they won’t be interested in performing menial work. They want actual to learn new things and how business works, not just receive a paycheck.
Make sure you’re able to find appropriate tasks to assign the intern that will benefit them and your business.
Startups are in a difficult position because they need talented professionals to grow their business, but won’t have the money to pay for high salary costs until their business has grown. One way around this is to hire professionals on a contract, remote, or volunteer basis. That way, you can get the talent you need, without paying a ton of money.
