Designing a Human Resource Management Model for Startup Companies

The main reason underlying attention to startup companies is due to their positive impact on economic indicators and their role in increasing employment rates in different communities. However, the great problem confronting this business field ​​ relates to the high failure rate. The absence of proper management of human resource is one of the main causes of this failure. Therefore, the question is “How can an appropriate model of human resource management be achieved for such companies?” To find an answer, a developmental research was designed through a qualitative approach using the grounded theory. Data collected by in-depth interviews with 22 academic experts and senior executives of start-up companies, selected on the basis of purposeful sampling method through theoretical saturation, were analyzed by MAXQDA 2018 based on Carbin and Strauss systematic method and were coded. 1273 primary codes were identified in the open coding stage, from which 188 unique codes, with different frequencies, were obtained after screening and merging similar codes. They were finally classified into 55 subcategories and the final model was designed by formulating the relationships between the components. The findings indicated that carrying out human resource management model specific to startups, maximizes their growth rate and enhances interactive characteristics of the employees and creates a great competitive advantage for them in the startup ecosystem