Friday, January 4, 2013

3 Kick-Butt Tactics that Start-Ups Should Use to Acquire “A” Talent


This post will only scratch the surface of a deeper topic on acquiring the right talent in a start-up or small business setting.  Anyone who has worked for a start-up knows what I’m talking about.  In order to achieve the ultimate goal of growth, you need “A” players (and only “A” players).  Start-ups are generally in a fight to survive within their first several years of operation, and that’s no environment for mediocrity.  There’s a paradox though, because as you’re trying to grow, you need capital for growth, and sometimes the funds are short when it’s time to hire that “A” talent. 

I’m going to give you some strategies for finding talent, but first you need to know what you want.  What are characteristics someone might possess that will enable your business to be successful?  I’ll share a list I compiled at a start-up I previously worked for.  Your list might be different or it could be similar.  My point is that it should exist.  If you can’t name qualities and skills that you need or value in your business, you need to stop what you’re doing and make a list.  Here is mine. 
  • Problem solver
  • Takes initiative
  • Leads without being told to do so
  • Is well networked
  • Wants to make an impact
  • Feels that they have something to prove
  • Modernizes
  • Innovative/thought leader
  • Record of excellence
  • Smart
  • Adaptable
  • Effective communicator with various types of personalities

Some of these things are easier to assess in a candidate than others.  We had methods for assessing each, some perhaps more effective than others.  Each of our hiring managers had an area or two on the list that they were awesome at assessing in candidates.  Start-ups are effective at attracting inexperienced talent, because the opportunity to prove oneself is typically greater than at a large company because so much responsibility is put on each individual.  Peter Drucker argues that start-up environments benefit from “generalists” - someone who has demonstrated learning in one field, who has an open mind and who can articulate relationships between known domains and new ideas.  In my experience, we expressed those qualities as “smart, flexible thinkers who communicate well.”  The salary expectations with inexperienced talent also tend to match the funds available in start-up hiring. 
Now that you have your list, and a better idea of what you’re looking for, it’s time to talk about 3 solid strategies for getting the talent you need.

          1.       Where to look:  Expand your use of LinkedIn and other online communities.
Some recruiters talk about finding talent on other social media sites like Facebook or even Pinterest.  Maybe in the future, these could be valid sites for finding candidates, but as of today, the effort may not be worth the reward. 
LinkedIn caters to the professional world.  In addition to utilizing their job postings, which I recommend, groups on LinkedIn provide a special insight into thought leaders and individuals committed to their respective areas of interest.  Look for groups that target your industry or the particular occupation you are looking for.   Then, look at the discussions in that group and look for consistent contributors, or individuals who start great discussions, or give solid input on a subject.  They took time out of their day to engage in these groups, so unless they were just bored, they are likely interested in the topic and potentially even passionate about it. 

          2.       Behavior to look for:  Don’t consider candidates who are not actively blogging or using social media. 
To blog, you have to be an active thinker and a creative person.  Actively thinking and innovation are prerequisites to many of the qualities on my list, and likely on your list also.  Individuals who use social media think quickly.  There’s so much information on the web, particularly on Facebook, Twitter, LinkedIn, etc., that in order to use these sites, an individual has to quickly process what they are reading, decide whether to respond, and if so, what the message will be, and move on.  It also means they are probably up to date on trends, usually in areas they’re interested in, meaning they are an asset if you’re trying to compete with the latest and greatest – which most start-ups are.  Owning their own business or start-up could potentially be a substitute for strategy #2, but do a good job of assessing why their business failed before committing to the hire.

          3.       Values to look for:  Don’t consider candidates who don’t give you (or can’t show you) measurable signs of their success.
Much of the workforce, particularly those in Gen Y are more interested in looking like winners than actually being winners.  That’s not what you want or need in your company.  The last several decades have been defined by soccer leagues where everyone gets a trophy for participating and dressing in status clothes despite income or what the rest of the office is wearing.  In the interview process, be sure to test candidates on their accomplishments, and ask them to clearly define the results and why they’re important.  Articulation of such points indicates they understand why they are of value, and helps you make sure you aren’t getting a hire that just appears to be really great.  Some candidates put up really good facades, and it can be hard to break through, so make sure you’re convinced they are the real deal before making an offer.

There you have it.  Unfortunately, it’s not a direct science, but still a helpful, straight-shooter way to get that “A” talent in the door.  Just don’t forget, once you get “A” talent, you have to keep it.