RECRUITMENT & HR
Tuesday February 4, 2020
Businesses going through hyper growth need to hire the right people who can contribute to the business in a way that meets their ambitious goals. Fast paced and extremely dynamic, this type of business needs to act quickly if they want to sustain momentum. For many companies, recruiting is simply another daily task and business function that facilitates growth. However, for a hyper growth business, recruiting and hiring suitable staff is a number one priority that is critical to continue scaling.
Businesses going through hyper growth need to hire the right people who can contribute to the business in a way that meets their ambitious goals. Fast paced and extremely dynamic, this type of business needs to act quickly if they want to sustain momentum.
For many companies, recruiting is simply another daily task and business function that facilitates growth. However, for a hyper growth business, recruiting and hiring suitable staff is a number one priority that is critical to continue scaling.
A hyper growth company needs to double revenue year on year and they need to build a team that can evolve just as fast alongside them. This is why new recruitment approaches are emerging to challenge traditional recruitment models. If you want to hire at speed, you need a well thought through recruitment strategy that is efficient and successful.
For companies experiencing outstanding growth, or those with high growth aspirations, a specialist recruitment strategy is essential. A fluid and flexible model is required to break out of the traditional mould, allowing the right talent to find your business and help you prosper. Here are some tips to help you hire during hyper growth periods…
Identify your hiring needs
Analysing the needs of your business is crucial before you start a hiring process. You don’t want to get ahead of yourself and end up hiring too many employees too soon. This can slow down your growth and you might even end up losing employees. You need to balance hiring new members of staff with your revenue growth to ensure consistent and manageable progression.
Establish a hiring process
If you want to hire at speed, you need to a clear process in place that includes arrangements for each stage, end-to-end. You need to be certain of the candidate journey you’re creating, from the application process through to the interviews, assessments and final stages.
Be aware of competitors
The needs of a hyper growth business can be very different from traditional business models; however, you need to be aware of your competitors both big and small. Look at the high-growth companies within your industry, as well as the start-ups and see how they are hiring. This will allow you to evaluate the way they’re approaching hiring and how you can be more attractive to top talent.
Hire effectively
Identifying the right talent is crucial. You want to find people who are going to be comfortable with a fast-paced environment and ambiguous roles that are less structured and rigid. Flexible candidates will be best suited to a role within a hyper growth business as they can adapt and achieve faster career progression.
Here at Comoro, we understand that traditional resourcing models are not meeting the needs of today’s hyper growth technology companies. That’s why we help growing business move fast and build a pipeline of talent that can quickly fit into a broad range of roles, whilst thriving within a busy and evolving environment.
If you’re a hyper growth business or a business with high growth ambitions, call Comoro to understand how we can help you build a resourcing strategy and model to meet your current and future needs.
