The Survival, Sustenance and Success of Technology Start-Ups: The Role of Human Resource Planning and Policy Development

Abstract: It is a well-recognized fact across the world that start-ups in general, and technical start-ups in particular, are not exactly known for the systematic human resource development techniques, neither during their inception stage nor at their growth stage. The signifi cance of strategic human resource development strategy for start-ups is not considered, as they suffer from the myopia that HR strategies are only meant for mature and big organizations. But conversely, the business mortality is more in the case of technical start-ups than in the case of mature and stable organizations. Most often it is the exodus of key human resources results in the mortality of the technical start-ups. Hence, it is high time that start-ups in general and technical start-ups in particular adopt the proactive HR strategy and policy to deal with employee problems for an effective organization. Therefore, this research paper demonstrates the need for and imperative of rational HR policy and strategy for technical start-ups. It outlines the process of creating an effective HR policy and strategy for technical start-ups. Key-Words: technical start-ups, human resource development, human resource strategy, employee problems 1