LIVE Your Start Up : People & Finance

People First…

Then Finance !

…from: www.smartrecruiters.com

Another ones from: www.smartrecruiters.com

What Will Frustrate Start-Up Companies in Hiring Staffs?

• Lack of talents interested with start-up companies

• Financial Inability • Low Employer Branding • Difficulty to find employees

with right attributes for start up and culture fit

TYPE OF TALENTS TO HIRE ?

• Self driven/motivated • Strong work ethic • Passion w/ the business • Creative, innovative • Strong energy and

endurance • Adaptable with

company’s situation (limited resources)

• Fit with the company culture

How to Attract Talents ?

• Story Telling ! Tell about your business vision, products, dream, plan, your strength, fund raising activities and align these with their career aspiration. Your historical success stories will be more convincing too.

• Start & Focus on particular communities, and create strong connection and quick employer branding there

• Allocate more committed time in hiring, everyday is “hiring day”

Big Question: How can young entrepreneurs hire someones more senior professionally and also in term of age?

Share business plan

Provide career path & enough

challenges

Recognition & rewards

Creative pay scheme & benefits

Space for personal life

STRONG BUILDING BLOCK OF YOUR ORGANIZATION: - BUSINESS PLAN - ORGANIZATION STRUCTURE - GRADING SYSTEM - JOB DESCRIPTION - KEY PERFORMANCE

INDICATORS - POLICIES, SYSTEM &

PROCEDURE - C&B - BASIC HR COMPLIANCE

HOW DO RETAIN GREAT TALENTS ?

…personally…

Basic HR Compliance

Understanding the basic labor law and do execution:

– Creating “legal” employment contract

– Having HR Company Policy

– Fulfilling minimum requirement in compensation & benefit: overtime payment, social security (BPJS) expenses , medial insurance expenses, THR.

– Employee termination process

– Reporting process to regulatory body, and ensure the check list is “done”

CASH is always most important thing in any company, particularly START UP

Liquidity Cycle – Michael Dell

Liquidity

Profitability

Growth

We all need cash in the business : • To start the business • Company operation: operational

expenses, including salary, production cost, etc

• Pay your dues: vendors, tax • Grow the business: hire more people,

renting more space, more working capital

• Pay your creditors • Pay the dividend to shareholders

Lack of cash in serving company’s commitment might lead to : business bankcrupty (financial distress), lower motivation of staffs, vendors and even shareholders.

Noted: this simple concept is inspired from Michael Dell’s book: Direct from Dell

Where do you get the cash ?

• Organically, through business revenue and collection

• Profitability, which enable the company to grow organically

• Get loan from creditors

• Raise fund from investors. In relation with start up, they may raise money from individual investors (parents, relatives, colleagues), angel investors, venture capital or private equity company

Accounting, Tax and Planning

• Statutory Accounting

• Tax Compliance

• Payroll Administration

• Business & Financial Planning

We are executive search company, incorporated in 2002, serving mainly our clients in Indonesia, ASEAN

countries and other Asia Pacific region. Industrial expertise: FMCG, Pharmaceutical, Technology, e-

commerce, Telecommunication and Manufacturing. Hiring manager – director level for top multinational

companies

DHARMA HASIBUAN & ASSOCIATES

Dharma & Hasibuan, has been providing accounting services for our international and local clients for more than a decade. This kind of service enables our clients to focus on their core business, while DHA will take the function of accounting, tax compliance, payroll and financial planning. Our

motto is “Don’t Hire Your Own Accountant”