For any company, and especially startups, spending has to be done wisely. All budgets are important, but your hiring dollar might be the most important. A new hire has the potential to add more value to your company than any other expenditure. On the same coin, you are taking a risk when you invest a tremendous amount of money, time, and resources on an individual who may or may not live up to your expectations. At Ryvit, we are part of a 2-time 5000 fastest growing company and want to share some of our key HR wisdom with you. Start with tangible goals and visible values. Aligning your values, culture, and performance should be the focus when hiring for any position.
There will be times when you need something for your company that you won’t be able to create on your own while keeping the balance of time, resources, and quality. Sure you could have your marketing intern take a stab at graphic design, but will they create the quality you want, as quickly as you need it? At what cost to you will your intern achieve success? It is important to know your core competencies and focus on delivering those. Outsourcing can help you gain leverage of scale. Don’t try to do everything in-house if this will not give you the results you wish to achieve at the right price and on the right time schedule.