1. Employer expectations
It’s important to know your job description, key result areas (KRAs) and the role in an organisation before joining it. However, because startups tend to be short on resources, especially during the initial stage, efficient utilisation of each resource often entails a varied set of responsibilities. “As roles are flexible and likely to change rapidly, those who dislike ambiguity should stay away from startups,” cautions Anil Sachdev, Founder, School of Inspired Leadership. Even if you are willing to go beyond the stated KRAs and take additional responsibilities, talk to founders before taking up the job offer. “Before joining, speak to the founders, especially the CEO. The interaction would provide greater clarity on what the employer expects from you,” says Dinesh Goel, Co-founder and CEO, Aasaanjobs, a job portal.
2. Total compensation
Startups offer various perks and compensation benefits to their employees. Perks such as employee stock options (ESOPs) are often used to attract talent. ESOPs pay off once the startup establishes its credentials and draws in investors. However, there’s always the risk of losing out if the startup does not succeed. While there are far too many startups, stories about employees turning millionaires through the exercise of ESOPs are rare. “Very few startups reach a stage where the shares can be sold at a good price so it shouldn’t…