Let's say you have doubled your ARR or paying customer base lately and you now feel that you are ready for next-stage investment and growth. Before you start hiring like crazy, just pause, step back and make sure your headcount plan is the most effective. Here are a few tips for you:
1.No showing off – do you really need another product manager on top of the 4 you already have, or are you just keen to brag about your “100% growth in headcount this year”?.
2.Improve and automatise – hiring is often the easy solution. Try to systematically ask “are we trying to compensate for a lack of efficiency? Is there a way to get better organised or to automatise?”.
3.Control your costs – salary is going to be one of your most important operating cost and I’m sure you don’t want to have to cut on this one later and lay-off team members if this can be avoided…
4.Design an effective hiring strategy – make sure that you map the skills and competencies that you need for growth, and that each new hire brings something specific and valuable to the table.
Thoughts? Questions? We're happy to discuss further via our LinkedIn page :)
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