Talk to any startup founder, and they’ll tell you one of the biggest challenges they face is hiring. Finding the right people, convincing them to join the company, and — this might be the biggest piece — making the time to do it.
I joined The Penny Hoarder in mid-2015 as employee No. 3, and by the end of 2016 we’d hit 55 employees. That meant finding, hiring and onboarding 50+ employees in just 18 months, and more than half of them in editorial, the department I oversee.
How’d we do it?
I’m reflecting on this in part to tease out lessons for other startup founders and executives. But I have a selfish motive, too: we’re planning to add another 45 staffers this year, which will bring us to 100 employees by the end of 2017. (Curious which positions we’re hiring for? We list openings on our Careers page.)
This year, we have more people to help make those hires, including an in-house recruiter. But as I think about how to execute this ambitious plan, I know we need to consider what has worked for us so far, so we can replicate that model going forward. Smart hiring ripples through the company in so many ways, including setting the foundation for a top company culture.
Having the money to hire is, of course, the first step. Once you’ve cleared that hurdle, here are some tips for startup founders that will help you scale quickly and bring the right people in the door.