As a founder or a CEO in a startup, you have to manage your business as transactional. In other words, every cent and every minute you invest should matter, in order for you to run an efficient business. Besides, you have to know which aspect can give you the highest rate of return. Here are how employees as a startup’s best investment.
Scouting and Onboarding
Everything starts with the scouting and onboarding process. It is a process where you will look for the right employees to fill your ranks and equip them with the items and training they will need to be effective in those positions.
Unfortunately, many CEOs get focused on hiring employees like checking off tasks on a list, filling the positions as quickly as possible.
They do not spend the extra time and money to make sure they have the right people for the job. Investing more in this area will allow you to hire more talented people, but also people more inclined to share your brand values.
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Google, for example, makes use of a thorough onboarding process to ensure its employees are well integrated into the company’s culture.
Health and Wellness
If possible, invest in your employees’ health, safety, and wellness. Some of these investments are requirements. For instance, purchasing workers’ insurance in many areas or enforcing basic safety standards.
However, the bare minimum isn’t going to help you get the most out of your employees. Supporting them with comprehensive health benefits and/or a health program designed to help them eat better, exercise and adopt other positive habits can mean fewer sick days, higher energy and focus at work and greater overall productivity.
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Asana, for example, has won several “best workplace” awards thanks in part to its emphasis on health.
