100 million startup businesses may get launched every year, but almost three out of every four of them spend less than 20 percent of their time hiring people to work for them. You should exclude your startup business from this statistic, especially as anyone you hire to become your employee can help make your little venture grow as long as they have the skills and talent to contribute to your organisation. But given that you’re still starting as an entrepreneur yourself, how can you attract talented individuals to work for you even with a tight budget? Here are some ways to help you achieve that:
1. Offer flexible working hours when possible.
Requiring your employees to commute to work during rush hour can get physically exhausting on their end and in the long run, they may not be able to do their job efficiently. Once potential hires find out that most of your employees have to endure horrible traffic to get to work, you stand to lose a potential recruit for your business.
In cases such as this, you can allow flexible hours as long as they can deliver the output you expect from them. But if your startup is within the banking and financial services industries where you have no choice but to adhere to the usual daytime working hours, you should probably consider the next few ways to attract talents instead.
2. Make your startup business a place where recruits can learn things that would help them advance their professional careers.
Talented people often feel motivated to work in a startup business that provides them with numerous opportunities to learn various skills that they might not get to experience in other bigger companies.
You should promote your startup business as a place where anyone who would like to work for you can foster professional career growth that would make them want to stay with you for a long time.
3. Consider sharing a portion of your startup profit to your potential hires.
As much as you want your startup business to turn a profit and yourself to reap the rewards of turning your idea into an opportunity of a lifetime, it would be nice when anyone who wants to work for you discovers that you’re okay with sharing your rewards with your employees.
You might want to consider giving all recruits of your startup business a portion of its profits so that they can become more invested in the idea of working for you. Go beyond the usual salary and benefits package and make the talented recruits feel as if they’re an essential and valued component of the business.
4. If you already have employees, ask them if they know someone who can work for your startup business
Recruiting the right talent to work for your startup business can set you back up to thousands of dollars regardless if you do it on your own or if you have human resources staff to do it for you. If you already have people under your employ, you can encourage them to recommend that their friends and networks apply at your startup. Just make sure to give each of these employees a referral bonus for their contribution to adding new talent to your organization when their friend or acquaintance is hired.
5. Make your startup’s website and social media accounts applicant-friendly.
Aside from convincing potential customers to avail of whatever product or service you offer, you should pull jobseekers towards the direction of your business as well. You should present your startup in its best light by letting your current employees write encouraging reviews on what it feels like to work for you so that applicants would want to submit their resumes to you.
You should also consider adding a dedicated Careers page to your business website so that anyone visiting it can apply there directly. As for your business social media accounts, you should craft content aiming specifically towards applicants.
Finding the right talent to work for your startup by placing a posting on Gumtree Jobs or some other online jobseekers’ portal can be difficult. Screening every applicant to see if they graduated from a reputable school such as Australis College or any similar learning institution can be time-consuming as well. Most likely, your startup has yet to generate enough profit to pay for every new employee you hire. But all of your recruitment woes can subside if you follow the above-listed ways that your startup business can attract talents even with a tight budget. After all, getting the right people to work for you will benefit your startup business for years to come.