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Soumya Murthy

๐Ÿ‘ค Speaker
253 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

So let's jump into pivot number two.

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

Over here, remember, this was when product implementation issues were happening, right?

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

I'm going to talk about how do you address and quickly figure out talent gaps.

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

And then where do you see natural leadership, and can you groom them?

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

Are they open?

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

And then there's a type of x-factor person.

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

You know that person who doesn't want to be put in a box?

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

You need that person.

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

That's your utility player.

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

You're going to want to put them in any type of position.

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

So we found that person.

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

So we needed natural, steady leaders, variety, talent gaps.

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

So that's three plays that we used in reducing burnout to get to 7 million ARR.

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

So over here, supplementing that talent gap and addressing burnout, the issue that we had was we were climbing into that $4 million zone.

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

And our customers were expecting, this is Exxon, mind you, they're expecting

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

a two to three month on integration or time to value their product.

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

Because of what I'll explain to you in a short bit, it was taking closer to 12 months on a set of things.

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

Retention was gonna drop very quickly, right?

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

So why was that happening?

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

Really talented individuals.