Hiring is the most important phase for the startups to launch in very effective and Professional ways . Some impatient and curios Entrepreneurs launch their Small Business Company very early without fulfilling the proper needs of Staffing . These leads to financial loss if you do not have the workforce to drive the Startup to Successful path with hardworking ,dedicated and innovative team . Since teamwork always gets the results and startups are geared to clinch the top slots in the market . Mostly ,the entrepreneurs start without prior experience and they only want their ideas in realization . But the Startups success is beyond ideas . Besides good and workable ideas you should have experienced staff such finance ,technical , Sales & Marketing , Human Resource and Management .
The Following Five Hiring Mistakes should be avoided by Startup Company owners otherwise they will have to bear an irreparable loss to their Startup company which being new cannot sustain the Rocks .
1.Avoid Quick Hiring :Hiring is a very lengthy process which may take 6 to 8 weeks subject to Human Resource availability for certain field of work . Some Startups may take 2 to three Months in completing their hiring phase . Since Hiring has several Steps involved depending on the Position type .The Steps include advertising , Short listing , testing and Interviews , Trainings and Orientations etc . If your in hurry , you may avail the option of outsourcing since it only required a contract with Outsourcing agency and you can avail the services of Experienced and Professional available immediately . Hiring requires a Full time Experienced Human Resource Manager who can draft company HRM laws and Policies for recruitment.
2.Avoid Direct or Walk in Interviews : Unless you are in need of a urgent work , Direct interviews are not good for the companies to sift the candidates and Hire the Suitable ones . Even the Walk in Interviews are not good for some key positions in the company ,given the position type,TOR’s and Importance .Some company’s hire some worthless Human Resource which may become the recipe for failure of Startups since the productivity suffers if you hire the worthless and inexperienced Persons for your New Company .
3.Avoid Mass Hiring : Hiring as per the needs of startup will enable the entrepreneurs to save funds for Future needs if the companies grows and expands its Operation to massive customer base . If you hire more than required number of the staff then it will over burden you Startup budget and chances are clear that you will soon be looking for more funds from investors or Loans from banks . This will really affect the startup company’s growth as well as profits .
4.Avoid More packages than Market: Some startup boast to pay their employees much higher than market based salaries this will create some competition law violation and you may be liable to regulations for creating monopoly in salary payments . Always stick to your HR Policies and do not over spend . Such practice will strengthen the base of your startup and you will be able to reap Future Benefits .
5.Avoid to Boast of Offering Extra Perks : Do not keep your employees in limbo by promising high pay rise , Perks or Elevation if you are not intending to fulfill . Be very clear and mention employment terms and conditions in the Offer letter drafted by a Professional Legal and HR Specialist. If you differ the terms and conditions, your employees may hold you responsible for violation of terms and conditions of employment as promised . This will lead to legal action if your employees go in litigation.
Sania Approves Cognitive API Architecture For Ehsaas’ One Window Socioeconomic Registry
Islamabad: The Cognitive API architecture for Ehsaas’ National Socio-Economic Registry 2021 is one of the six main pillars of ‘One Window Ehsaas’. With the survey, which is building the registry currently 90.5% complete nationwide, Ehsaas is firming up its plans to open data sharing and data access services for all executing agencies under Poverty Alleviation and Social Safety Division (PASSD).
Data sharing will be done through the Cognitive API Architecture approach. The deployment of Ehsaas API architecture for data sharing will allow executing agencies to access data from the unified registry in real-time to validate beneficiary information. This will empower them to ascertain eligibility of potential beneficiaries. The benefits which each family and individual is receiving from each organization will be visible to all agencies across all Ehsaas programs.
There will be two-way data sharing; agencies with whom data will be shared will also be required to update the registry with their own information, hence the registry will become more robust over time. A final presentation was made to Dr. Sania Nishtar who closely oversaw this process. She praised the technical team working on Ehsaas Cognitive API Architecture approach and congratulated them. Later, this service will be extended to provinces and other government agencies implementing Ehsaas programs as well.
The API architecture for data sharing will facilitate adoption of the Ehsaas One Window targeting Policy. The objective of this policy is to make targeting predictable, evidence based, transparent and effective in the Ehsaas ecosystem. Under the same architecture, the Utility Stores Corporation has also been linked with the Ehsaas database, which will underpin execution of a commodity subsidies program. This approach is being adopted for the first time and will usher in transparency. Previously, there was no way of one government agency knowing what support an individual or a family was getting from another government agency.
Some families with connections and influence were getting multiple benefits and other more deserving ones were getting none. Now, with the data integration, Ehsaas agencies will be able to see what benefits an individual or the households is getting. But more importantly, it will also reflect their entitlement in terms of various Ehsaas programmes and initiatives, because the data sharing is pegged with the Ehsaas One Window targeting Policy.
The integrated registry and the cognitive API Architecture for the registry is one pillar of the One Window Ehsaas, which will be launched this week. It has six main components: one-stop-shop centers; an integrated digital interface facing the office; a digital information and services platform; a mobile app; an integrated database comprising of cognitive API architecture; and the standardized beneficiary targeting policy.
Karachi-based digital bookkeeping startup, CreditBook raises $1.5 million in seed funding
The Karachi-based digital bookkeeping startup CreditBook, which is trying to ensure that tracking of transactions goes digital, has announced that it has raised US$1.5 million in seed funding from international and local investors.
Key investors included Pakistan’s BitRate Venture Capital, VentureSouq from the United Arab Emirates, US-based Better Tomorrow Ventures, Ratio Ventures, Quiet Capital, Toy Ventures, and i2i Ventures.
Established in June 2020 by Hasib Malik, Iman Jamall, and Hisham Adamjee, CreditBook strives to help microentrepreneurs digitalize and track their transactions.
CreditBook aims to utilize the funding to scale its user base and diversify its product offerings. As indicated by the startup, its registered client base grew 5x in the last six months to reach 500,000.
“Before the launch in June 2020, we had planned to use a mix of digital marketing and offline acquisition. But with lockdown restrictions, we pivoted to a purely digital strategy. We were surprised when we saw thousands of users come onto the platform in the first month with less than $1,000 in total spend,” Malik told Tech in Asia. Via TechinAsia
Pakistan Moves Closer to Train One Million Youth with Digital Skills
Karachi, Pakistan, February 05, 2021 ………Pakistan has a large labour force that stands among the top 10 largest labour forces in the world, and it’s growing day by day. To create adequate employment opportunities for them is a huge challenge. On the other hand, employers frequently keep saying that they are unable to find workers with the appropriate skills necessary for their businesses. This obviously shows that there is a mismatch between the demand and supply of skills.
The International Labor Organization (ILO) has shown that skills development can play a major role in the alleviation of poverty, when carefully planned and implemented in the context of the available and emerging employment and income-generation opportunities. This multiplies many folds when the skills are acquired in the digital spheres. It not only widens the work opportunities but also opens up avenues for entrepreneurial ventures as well.
Extreme Commerce, Pakistan’s largest and renowned E-Commerce capacity building platform has excelled in its mission of making Pakistan a hub of entrepreneurial opportunities. Under the guidance of Sunny Ali, thousands of aspiring individuals from Pakistan have successfully initiated global e-commerce businesses.
Extreme Commerce, Pakistan’s largest e-commerce skill development and the entrepreneurial platform has achieved yet another milestone with the expansion of 100+ skills training courses through the “Video Boot Camp (VBC).” The Video Boot Camp includes virtual sessions and videos encompassing around 100 essential e-commerce and digital skills required to excel in the spheres of online businesses. The Video Boot Camp training program is specifically tailored to facilitate the budding entrepreneurs and businessmen and freelancers.
According to Ali, “E-commerce has skyrocketed after the pandemic and is estimated to grow to a whopping $4.3 trillion within this year.” He further adds, “There is a huge potential for growth in eCommerce both domestic and international, and that is why Extreme Commerce has pledged to enable people to bring at least an additional $1 billion each year into the Pakistani economy through E-Commerce skills by 2025.”
The Video Boot Camp includes over a 100 plus income generating E-Commerce skills (income streams) which an entrepreneur needs to skyrocket their businesses. Some skills offered through the VBC include: Selling through Fulfillment by Amazon (FBA) model, Virtual Assistant and FBA Freelancing, online store management of international and local E-Commerce marketplaces, bookkeeping account management services, digital and social media marketing, content writing and graphic designing, 3D designing & modelling, data science and analytics and more.
This initiative of Extreme Commerce will be immensely fruitful in helping their trainees become leading entrepreneurs of the country. Ali, contented with his vision states, “At Extreme Commerce, we offer a multitude of digital skills that are categorized into 100+ courses/income streams under the umbrella of Video Boot Camp (VBC 2021). These skills are pivotal to reducing unemployment and enhancing the capital of our country.” Sharing his focus and goals, he adds, “Skills that actually help you succeed as an online freelancer and even in the real-life environment plus increase your income thereby, are our prime focus right now.”
Earlier, Extreme Commerce and Mishal Pakistan, the Country Partner Institute of the World Economic Forum had signed a partnership to mainstream e-commerce in Pakistan, this includes capacity building initiatives for the media and industry players, including trainings, seminars and workshops.
The government of Pakistan has estimated digital skills global industry, often referred to as online outsourcing, is expected to generate gross service revenue between $15 billion and $25 billion in 2021.
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