The Research Triangle Park

On The Menu Recap: Startup Recruiting on a Budget

By Author Jun 27, 2019
Yates Baker

 On June 4, we invited in-house expert Yates Baker from KellyOCG to deliver his best advice on startup recruiting.

Entrepreneurship comes with its fair share of challenges, one of which is attracting top talent on a budget. You want to make sure your hiring strategies are cost-effective and support your current business strategy. Here are the key takeaways from Yates’ OTM session:

  1. Always evaluate the need for a full-time employee (FTE). Getting the biggest bang for your buck is key for an entrepreneur, and you should always consider if the workload requires a FTE, or if it can be handled by a part-time employee or freelancer.
  2. There are three types of third party talent providers: direct hire firms, staffing companies, and recruitment process outsourcing (RPO). A growing organization should have a combination of all three for optimal results.
  3. Applicants are customers too. Responding to them, even those who aren’t a good fit, will give your company a good reputation and maintain likability.
  4. Be open to remote work. The office scene is changing, and many candidates prefer the flexibility of working from the comfort of their home.
  5. Referral programs are a great tool and should not be overlooked.
  6. There are many free/low cost tools to increase hiring, such as Freshteam, Indeed, ZipRecruiter, and LinkedIn.
  7. Hire fans. Intrinsic motivation can be a rewarding trait, and those candidates could evolve into your best employees.

Thank you Yates for presenting! Our next workshop is The Art of Listening on July 11 with Rachel from Open Eye Creative. If you’d like to attend our upcoming On The Menu workshops or see what else is going on in RTP, check out out events page!