On today’s episode, we discuss hiring and firing, including:
Big mistakes and how to avoid them
Why “hiring slow, firing fast” is wrong
The problem with offshore talent
Building remote versus in-person
Ways to hire top talent
Tips that will help you scale
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Disclaimer Hiten Shah’s “The Hiten Show” episodes are provided for general information purposes only and do not constitute business, financial, or other professional advice. Audience members should not act upon the content or information found here without first seeking appropriate advice from an accountant, financial planner, lawyer, or other professional.
Episode timestamps
(00:00) Show intro
(00:20) Rapid Fire Round
(00:28) Q1: How we we keep morale high after a pivot?
(01:28) Q2: How much financial info should we share with employees?
(02:31) Q3: What’s the biggest hiring mistake you’ve ever made?
(03:00) Q4: What’s the biggest firing mistake you’ve ever made?
(03:52) Q5: Do you have a golden rule for hiring?
(04:48) Q6: How do I lower an employee’s pay?
(05:23) Q7: What’s your favorite interview question?
(06:06) Q8: Thoughts on poaching employees?
(08:04) Hot Takes
(08:18) You should hire slow and fire fast
(08:45) In-person startups > remote ones
(10:10) Work trials are a great way to evaluate job candidates
(11:33) Hiring offshore talent is a great way to build a team
(12:10) That's a wrap!