“People are not your most important asset. The right people are.”
The word ‘Start-up’ is bandied about a lot when young aspirants talk about placements. The Start-up wave that has gripped the country has changed people’s perspective about working in a new venture. The reasons for this could be numerous: work environment, greater responsibility, decision making etc. Therefore, from college grads to senior executives, people have started looking for a work profile that offers more than just a heavy pay cheque. Hence, Start-ups have turned into one of the most sought-after places to work in. When asked about Start-ups to the fellow-mates, they said it invokes an idea of working in a flexible environment without any strict code of conduct. I do not know whether this is true or not for all start-ups, but there are a certain number of perquisites that come with working in a start-up. Such as …
More responsibilities, more opportunities
Working in a start-up means you are part of a small team where the responsibility you are going take up will be far bigger than what you are going to have in a large corporation. This will not only add up to your experience but also provide you with lots of other opportunities, especially if you are not quite sure what kind of gig you want to end up in. For example, an engineering guy wants to test his skills in marketing… he can do that in a start-up.
Awesome work environment
People are enthusiastic about their work mostly because they are doing what they believe in. there are fewer codes to follow like
– The dress code (you can wear informal clothes, grow beards etc.),
– The hierarchy code (as you may possibly be working under one of the co-founders)
– Flexible working hours (ideas do not always come in the 9am – 5pm shift)
An experience that counts
Experience of working under people who have started their own business is of more worth than working under people who have never gone off to create something of their own. These professionals approach things differently and it is truly an amazing experience to learn the nitty-gritties of the business from them.
The salary is generally lower but its more about the stocks. The equity is greater. And this generally true for the first and second hires.
The kind of insight of business you get when you work in a start-up far more valuable than what you get in a big firm. This kind of hands-on experience may help you start a new venture of your own someday. The values that you are instilled with are more important than any other benefit. Taking decisions of your own, knowing that you are responsible for your team’s success etc. bring out the best from you.
The aforementioned points could well be the reason for the ‘start-ups being a lucrative destination’. However, lack of resources and recognition can make it difficult for a start-up to attract the best and bright talent. People tend to be pessimistic about working in an unknown company, which has a possible life of only 5 years. Established Corporations have a ton of data about them on the internet and one can easily research about a big company to know whether it is good for him or not but it is hard to predict that about a start-up. Similarly, for a start-up, it is very hard to determine which type of candidate is best suited for the job.
Start-ups generally commence their business with few members and expand their employee base, eventually, as and when they deem fit. The need to have the right kind of employees is very important, as the impact of one’s work is greater in a Start-up than in a large company. Along with that, small companies have budget constraints and therefore they cannot afford hiring mistakes. That is why they need to come up with a balanced recruiting strategy so that they can hire the person who suits the requirement. Well … this is easier said than done. It becomes a tedious task to choose from a wide array of job applicants, which includes fresher and experienced candidates, as they come with certain benefits of their own.
Benefits of hiring a fresher…
It is easy to groom a fresher, than a veteran professional, the way company needs. Freshers do not have a rigid notion of how things should be done. And therefore they can be moulded according to the requirement, by the company.
Demands lesser salary than an experienced worker. If a job can be done alike by an experienced worker and a fresher, then why not have it done by a fresher who comes with a cheaper price tag.
Brings in fresh perspective. Inexperienced candidates bring in a new outlook on an old problem.
Benefits of hiring an experienced candidate…
They possess years of experience. Senior Professionals have the kind of experiences which freshers are not familiar with. So, they are usually in a better position to handle responsibilities.
Doesn’t need mentorship. Senior Professionals are highly skilled in what they do and do not need time and mentor understand the work.
Experienced candidates can guide the freshers. They possess a readily available vault of knowledge with which they can guide their team of freshers to the objectives they want to achieve.
Working in a start-up is a different experience altogether. It can act as a good Launchpad to kick-off your career because of its ability to engage and empower young personnel. Similarly, for a senior professional who is fed up of his monotonous job and is looking to do something new in an unconventional way, joining a start-up is the way ahead. Surely, there is a lot of work to be done in there, but the learnings you get along with the joy of creating something different is worth doing your job for. Being a part of a small company or a start-up is like building something unique brick by brick, creating something out of nothing. You are in the centre of the whole operation that, hopefully, might become the next best thing.