5 HR metrics startups should be tracking

Your human resources initiatives directly affect your employees. They may even mean the difference between happy and unhappy staff.To help you understand what's working, and whether or not it's cost-effective, you want to use human resources (HR) metrics.This way you can measure which of your human resource activities are contributing to your overall startup growth and performance. These may include such things as:Hiring and onboardingEmployee retentionPerformance managementOverall staff satisfa...
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How to make sure your recruiting efforts aren't attracting the wrong candidates

As a startup, the hiring process is vital to your success and plan for growth. So, the last thing you want to do is spend hours plowing through resumes and interviewing candidates only to be upset with the people you hired.Your goal is long-term hires, and you don't want to waste time and money hiring the wrong people. According to Investopedia, the cost of a "full-baked" employee can range from one and a half to three times their salary. These costs can include the hiring and interview process,...
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The cryptocurrency industry is hiring despite market volatility


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Top traits to look for when adding members to your team

As you're building your new startup team, there are some things you want to consider.You want to put together an effective team that not only has the qualities necessary to do the job, but you want a team that works well together and has strengths that are complimentary.A good team is the team that propels your startup into the future and with maximum productivity and growth.In this article, we discuss the top traits to look for when adding members to your team.Strong organizational skillsIt's n...
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5 of the most common hiring mistakes startups make

According to Career Builder, 74% of companies that admit they've hired the wrong person for an open position lost an average of $14,900 for each bad hire.What's more, according to the US Department of Labor, the cost of a bad hire can reach up to 30% of the employee's first-year earnings.These stats show you just how important it is to hire right the first time. To assist you, let's look at five of the most common hiring mistakes startups make.#1: Hiring people you knowWhile in some instances hi...
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How a great careers page can improve a startup's recruiting efforts

Your startup has huge potential, and that's not only for your business. It's also for the team members you hire.New team members can experience growing a company from the ground up, they can help you build a terrific company culture, and there's often a lot of room for growth.Yet, hiring can be one of the most difficult parts of running a startup. So, what's a startup owner to do? One of the first things in your hiring process is to turn to your website.In this article, we look at how a great ca...
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How improving your assessments can help your hiring process

As a new startup, some of the biggest decisions you are going to make for your business are who to hire and who not to hire.Why is this so important? First, it may mean the difference between your startup succeeding, and it failing. And, second, it will play a role in determining your company culture.Because your hiring is so essential and impacts your business in so many ways, let's look at how improving your assessments can help your hiring process. What are assessments?These are pre-empl...
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5 reasons why bad hires are so costly to startups

When it comes to staffing your startup, the price is high. In fact, your hiring decisions are vital to the success and upward trajectory of your startup.In this article, we look at five reasons why bad hires are so costly to startups. From the actual cost, to your time, your reputation, lost opportunities, and the culture impact, you can't afford to mis-hire.#1: The costThe straight up costs with putting your job on job boards, culling through applications, interviewing candidates, calling refer...
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Why hiring veterans is a great idea for startups

To defend our country, military service members have some unique qualities that translate well into the general job market when their service is complete.Active duty military are most often the hardest workers in the room. They are also usually motivated and exceptionally ethical. As a startup, these are just the kind of employees you want to recruit.Let's dive into this and look at why hiring veterans is a great idea for startups.They are natural leadersThe military trains their people well. Se...
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Onboarding best practices for startups

Did you know that more than 30% of new hires quit a job within the first six months?This is a pretty staggering number considering that you run a startup. The hiring budget is tight, and you've spent a lot of time hiring the best available talent. The last thing you want is to lose them.So, how do you increase your chances of keeping the top talent you hired? The answer is onboarding.What is onboarding?For many business owners it means giving new employees a tour of the facilities, showing them ...
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