We often hear that businesses want to scale each year by gaining new customers, new systems, and implementing the best technology. On the other side of the coin, we don’t necessarily hear about how businesses are going to grow internal teams and how they are going to source the right talent. Building a team isn’t […]
According to Sifted, Europe currently has almost four times as many unicorns as it did this time last year. 2021 was a record year for unicorns, especially in the UK, as 25% of the country’s Unicorns were founded in the last 12 months. As you probably know, a unicorn is a term used in the […]
It’s the time of year when we all start thinking of new year’s resolutions, promises that we make to ourselves and try our hardest to keep. Although they’re usually personal goals, there’s no reason that businesses can’t adopt the same approach. A new year is a great time to establish new goals, reassess strategies, and […]
For tech businesses, remote working isn’t going away any time soon. What was seen as a perk a few years ago is not only becoming the norm, but many businesses are choosing to be remote-first and having office spaces as optional, occasional meeting spaces. Over the last two years, hiring managers have concluded that the […]
At the time of year when many of us are drawing up plans for talent acquisition and hiring in the next year, knowing which skillsets to look out for or which will take a little longer to source could give you a competitive advantage. For example, it can help you to plan when you begin hiring for specific roles to align with your growth plans; some high-demand skills may take longer to recruit for. Plus, it can help you to identify a high-quality candidate, as you’ll know which skills are seen as most valuable in your industry.
The most in-demand skills are constantly changing. As consumer needs change, business priorities alter, and so do the skills needed to achieve goals and objectives. Right now, we’re seeing a surge in demand for digital and tech skills, as this is where consumer behaviours are going. But will the skills in demand in 2022 be the same as those everyone is searching for right now?
Recruitment is becoming more quality over quantity. It’s no good making lots of hires for your scaling tech business if they’re all going to leave you shortly after joining, or if they aren’t going to help you grow. Poor quality hires can hinder growth in many startups, especially if they take a long time to pick up the required skills and responsibilities.
s time to determine the actual quality of the hire and for each business. With different KPIs and business goals, the definition of a quality candidate will alter. Likewise, metrics that define success will be personal and can change. There is no one size fits all formula to determine whether hiring a particular candidate was a good move for your business. But, one thing is certain. The quality of hires you bring into your organisation directly reflects the quality of your recruitment process. Suppose you’re hiring people who are an excellent fit for your business. In that case, it shows that you are accurately showcasing your employer brand, using the proper recruitment marketing techniques to get in front of candidates, and having a great candidate experience that encourages applications. If you aren’t hiring the right people, then it’s likely that your recruitment process needs some work, whether that’s expanding your talent pools or working on your employer brand communications.
When you’re trying to scale, your senior teams don’t have time to interview candidates constantly. They have other priorities. If your interview process isn’t up to scratch, you may find yourself in a cycle of candidates dropping out halfway through and restarting the hiring process all over again.
In a candidate-driven market, you also need to leverage the interview process to show what’s great about your business. Don’t fall into the trap of thinking that every candidate you interview is desperate to work for you; you’re just one option of many in the current market. Instead, think about how you can sell yourself to the candidates. Perfecting your interview process creates consistency within the candidate experience, helping to get your employer brand message across. As a scaling business without reputation and name to fall back on, employer brand is everything and will make the difference for candidates. And when it comes to employer branding, consistency and authenticity are key.
ght now isn’t easy. It’s incredibly competitive, and candidates are in control. Everyone is on the hunt for the same talent, looking in the same places and competing for the same individuals. Even established businesses are having trouble attracting talent. With so many current opportunities for candidates, many companies are being left behind. Then there’s the issue that employers are pulling out all the stops to hold on to their existing talent, as they know the recruitment market is so competitive; it will be damaging to lose them.
have a lot on your plate, and recruiting talent in the current climate will only add to this pressure.
mselves with relevant and exceptional talent. Therefore, we’re rounding up some of the biggest hiring challenges that startup businesses are currently facing and how to solve them.
tial team members is one of the most crucial moves that a startup can make; these people come with a lot of influence and power over the future of your business. Therefore, you must get it right. However, you may not have experience recruiting. Entrepreneurs are ideas people, and innovators, so hiring may not be something you’ve thought about or had experience with.
When you’re a startup, the candidate-driven market creates more talent acquisition and retention challenges than most businesses. With so many companies competing for the same technical talent, it’s increasingly difficult for growing businesses to match salary offers and the reputation of large-scale enterprises. As a result, tech candidates are in high demand are probably being contacted by recruiters every day. These tech candidates are tempted by these “sexy” offerings with high salaries or impressive names to add to their resumes. With so little available talent, your existing teams are more likely to be enticed by these offers. Can you really afford to lose your best developers, data scientists and tech talent?
In a scaling business, your teams make or break you. It would help if you were surrounded by dedicated people who are passionate about your mission. However, in a tech business, you also need key skills and knowledge to innovate and grow your offering. Therefore, any loss of staff is felt more deeply than in a large-scale enterprise, and therefore attrition is more of a threat to smaller businesses.
