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Prakhar SharmaTop Contributor
Social media marketer, Content Writer

Acqui-hiring or Acq-hiring (combination of words "acquisition" and "hiring") is a relatively new phenomenon in tech industry which stands for purchasing companies in order to recruit and acquire its employees, while the product of the company becomes secondary.

Benefits of Acqui-hiring

Acqui-hiring is a smart recruitment strategy as it saves time and money in acquiring new talent. It represents an effective shor

General Acqui-hiring steps:

  • Seeking legal advice
  • Seeking approval from the board and stockholders
  • Structuring the deal to ensure that the company itself is aquired
  • Assessing post-merger liabilties
  • Exploring alternatives
  • Researching tax questions (parachute payment tax consideration)
  • Planning compensation for the new employees – terminating existing employees
  • Making sure creditors will be satisfiedst talent in large number. It is also an alternative to a shutdown for a company that is being acqui-hired. Companies which are being bought are often experiencing financial difficulties so this type of business deal provides them with the kind of an exit and it allows investors to recover some or most of their money. The company that is acquired often shuts down after the purchase.
Kavii SuriTop Contributor
GEEK | Content Writing Intern | Pursuing CS | Exploring ML and Data Science

Depending on the role you are looking for you can find awesome jobs on these platforms

  • CutShort168 - Free to post jobs and for great jobs in product companies anywhere in India
  • Hasjob.co157 - Free to post jobs and great to find tech jobs in early stage startups of Bangalore
  • LinkedIn170 - Post a job for Rs. 1700 and apply to any job you can find
  • Facebook Groups - Early stage startups put their requirements in facebook groups. Simply search "Startup job <city>" in facebook search and join those facebook groups to be updated of new opportunities in startups
  • Hiree171 - Now acquired by Quikr
  • Hirist164 - Tech jobs in Delhi
  • iimjobs173 - Management jobs
  • Naukri.com179 - Some startups also post jobs on Naukri, but then there are hundreds of applicants too. Your application might get lost in the numbers. Avoid this.
Kavii SuriTop Contributor
GEEK | Content Writing Intern | Pursuing CS | Exploring ML and Data Science

You need help

Realize you need help and you want to start looking for co founders ,founders and then team members. People don't join startups to be employees.

Build a network

Always forge relationships with peers and colleagues that are winners, the high performers to keep in mind to join a future startup or to enrich your career. Your future success or failure is always dependent on the quality of talent you attract or work with.

Build your company with a mission and vision.

In your earliest days, you won't have the financial resources to offer big paychecks to your employees. In order to convince top talent to come and work for you, you need to build a company with a great mission and vision that excites them. As a founder, you must be able to share your long-term vision with your potential employees and present your company in the best way.

Hire your fans

Hire people who share your vision, who are driven the same as you, basically hire your fans. Fans are likely to work harder than others and they will love it too. Also they are great for word-of-mouth marketing.

Create a hiring model

It is critical ,early on to create an ideal hiring model and never compromise. The difference between hiring someone average and hiring only those that are exceptional is a difference worth millions.