The reason why HR is the missing ingredient in many Startups
It's no secret that many startups are closing before they even open. Often, this is because they don't prioritize Human Resources from the start. This is one of the biggest mistakes new companies can make.
As an entrepreneur you never have enough time. You must do analyzes and tests, develop your product or services and do it faster and better than everybody else. Every hour is therefore essential and there are never enough hours.
This means that most startups must prioritize their effort. The clear majority prioritize the product instead of the people who develops the product. Why? Because HR is expensive, difficult and doesn’t create results immediately.
HR has the task of managing your employees and to develop and coordinate people and jobs in your company. It's all about using the company’s human resources as best as possible. It can seem as a step backwards when you at the same time must launch and develop a completely new product or service. However, this doesn't make it less important.
Startups require a special culture
Startups and growth cultures need, unlike larger established companies, a flexible culture. A culture which can withstand failing and can rise afterwards. And hopefully do it really fast.
For this to become possible the company must consist of happy, skilled and motivated employees who wants the product to succeed just as much as the entrepreneur himself. This requires an effort to accommodate your employees, listen to them and satisfying them.
And that is exactly what HR is there for. The HR-department ensures the interaction between people, tasks, jobs and management and helps to attract, maintain and develop the companies’ employees. HR can also make sure the entrepreneur doesn't forget his employees’ needs. Working professionally with HR can be seen on the bottom line.
“And that is exactly what HR is there for. The HR-department ensures the interaction between people, tasks, jobs and management and helps to attract, maintain and develop the companies’ employees. HR can also make sure the entrepreneur doesn't forget his employees’ needs. Working professionally with HR can be seen on the bottom line. Also in startups.
HR helps to put together the team
By focusing on the HR strategy in your company, your company will also be better at recruiting a team whose professionalism and personality compliments each other. Today. Tomorrow. And in the future.
The company will become better at developing the skills of their employees, that is making them even better than they are today. This can not only be extremely motivating for the individual employee but also very beneficial for the entire company.
Especially if the company is good at maintaining its employees and their talent which the company has helped develop. This is another benefit from focusing on HR in your company and an essential part if startups want to survive more than a few months.