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5 Key Things Millennial Entrepreneurs Need to Know About Hiring a Great Team

5 Key Things Millennial Entrepreneurs Need to Know About Hiring a Great Team

According to the Intuit 2020 Report, researched by Emergent Research in partnership with Intuit, the oldest millennials will be 40 by 2020. This generation is on the fast track towards changing the existing workforce for the better, with an emphasis on work/life balance, spending less time in the office and more time getting their job done and staying connected on a social and global basis through mobile Internet devices.

As millennials age into the workforce, their roles are beginning to advance upward. Many have already begun to shift into self-employment, with an estimated 42 million anticipated to be working for themselves by 2020, while others have continued a steady climb towards the glass ceiling with into senior-level positions. Millennials will be the boss in the very near future and they will alter everything in the workplace, especially where hiring is concerned.

For those millennial ‘treps already in a place to hire your first employees, here are five things you need to keep in mind to avoid making rookie mistakes and assemble a great team from the start.

  1. Do not hire carbon copies of yourself.

There are pros and cons of hiring like-minded individuals to join your team. The biggest pro, of course, is that you have a lot in common, professionally and often personally, which makes it fairly easy to get along. That’s usually the last advantage to hiring someone just like you. In the long run, the hire won’t be able to bring much-needed new skills or talents to the table which will be a detriment to the growth of the business.

Instead, hire for diversity. Focus on making your team as well-rounded as possible with their skill sets. Seek out candidates that have varying perspectives, personalities and values that are not already part of your team. This helps create a great workplace and growth potential for the company overall. It also gets you out from your comfort zone — a must for any entrepreneur since this profession is all about taking risks.

  1. Conduct social media background checks.

You’ll already be conducting a standard background check on the potential new hire, so you have a better idea of what their past careers have looked like. Most millennial entrepreneurs will also do their background homework via social media profiles.

Check out the applicant’s accounts on Twitter, Instagram and LinkedIn. What they post will provide you with better insight into their personality, values, entrepreneurial spirit and whether or not they would make a trustworthy hire that fits in with the team. If the applicant has recommendations from previous employers or coworkers on LinkedIn, read those thoroughly to get a better understanding of their work ethic.

  1. Get your entire team involved on the hiring process.

Most aspects of the hiring process, like interviews, tend to be conducted by upper leadership such as human resources representatives and managers. Millennial entrepreneurs seeking a hire that’s a strong fit may want to get the entire department involved with the applicant they’re looking to hire. When the department is part of the buy-in, they can help add their own perspective. They can also catch on chemistry cues and make observations about the applicant to see if they are the right hire for your business and its company culture.

  1. Interview at different times and modes.

Whether they’re led by millennial entrepreneurs or not, most interviews tend to happen in stages. There’s an initial first round usually conducted over the phone, followed up by either one or two more in-person meetings. Switch up the interviews by conducting them at unusual times and modes. Hold an initial interview via Skype, then switch to having a second meeting in-person at a coworking space before you wind up interviewing at the office. Even when you’re at the company headquarters, consider holding the interview in a slightly more relaxed space like a lounge area than a conference room in order to get a good sense of what the candidate is like in different environments.

  1. Should you hire your friends?

This is a tough question to answer because there are equally valid schools of thought for why you should and shouldn’t do it. Sometimes working with a friend can be an amazing partnership that takes you far, while other times it can end on a sour note if you are not on the same page when working together.

My best advice would be to seek out great referrals from your existing employees or people you know and trust who know great people. Of course, those referrals should be for individuals who are experienced in the field you’re looking to hire in so make sure you emphasize that before you start seeking referrals from trusted colleagues!

Deborah Sweeney is the CEO of MyCorporation is a leader in online legal filing services for entrepreneurs and businesses, providing start-up bundles that include corporation and LLC formation, registered agent, DBA, and trademark & copyright filing services. MyCorporation does all the work, making the business formation and maintenance quick and painless, so business owners can focus on what they do best. Follow her on Google+ and on Twitter @mycorporation.

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