Startups need a recruiter at 30 employees and HR operations at 50
T. N. Hari · How did TaxiForSure get acquired for $200 million? | T. N. Hari, Advisor, Fundamentum · Jul 13, 2019 · at 43:11
T. N. Hari, HR veteran and advisor to Fundamentum, discusses the timeline and milestones for when early-stage startups should hire their first recruitment and HR operations personnel.
0:00 / 0:26exact quote · 26.2s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“After you grow to about, let's say, 25, 30, at that point of time, it helps to get a recruiter. That recruiter will at least help sift through the CVs, put out the job postings, make the shortlist and get the shortlisted candidates to the founders to meet. So I think you need to get a recruiter. Once you get to about 50, you also need a very elementary HR operations person who can ensure the salaries are paid on time. All the basic, you know, compliances are met with”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from T. N. Hari
Hari: Alpha males and unbridled masculine traits drive major global crises
“A lot of crises in this world have been created by unbridled masculine traits. The alpha males in this world have created a lot of these crises. Extreme greed, extreme ambition. If you go to the source of any conflict in this world, whether the crisis that led…”
TaxiForSure had two months of runway before Ola's $200M acquisition
“Sold the company for two hundred million dollars. We didn't have money to pay salaries two months down the road. And we would have shut shop if Ola had decided not to buy us, but there were some circumstances which forced Ola to buy Taxi for sure because other…”
TaxiForSure rejected Uber's acquisition offer to protect its tech team from layoffs
“They didn't go with Uber because Uber wanted to lay off the entire tech team, whereas ULA was willing to absorb the entire team, including the tech organization. So they did the right things. They got every employee a two month bonus payout, two month salary a…”
BigBasket may be India's first e-commerce company to break even
“As a result of which we are likely to break even also very soon. So we might possibly be the first e-commerce company that would break even as a result of this approach.”
Hari: Investing success depends on character, not financial knowledge or intellect
“Warren Buffett has told all of us the secret of his investing success. So we are all knowledgeable on how to make money in the long term by investing correctly. He's told us his secret, but none of us are able to execute on that because we don't demonstrate th…”