3 Drawbacks When Using Referrals For Your Startup And 3 Recruitment Solutions.
Sometimes relying only on referrals when hiring nuanced or technical talent for your startup can inadvertently create hiring bottlenecks.
Here are 3 potential drawbacks and 3 suggestions to help your startup be successful.
Limited Talent Pool: Your referrals may be limited to your existing employees/founders and their networks. Which can lead to a lack of diversity and a volume of candidates.
Skills Gap: Sometimes referrals do not necessarily align with the requirements for the role. Candidates can be a good fit culturally within your startup, but they might not be the best fit in regards to technical ability or leadership. This can include technical skills like machine learning, specific programming languages, an understanding of algorithms, or a subject matter expert within a certain field.
Bottlenecks and Delays in Deadlines: When the dependency for talent is strictly limited to referrals this leaves startups subject to having timelines impacted in regards to product development. Hiring bottlenecks can affect the ability to secure rounds of funding and also impact delivering a minimum viable product.
Understand what your ideal candidate profile looks like. What are the essential technical requirements this candidate needs to have? What are the soft skills, and leadership capabilities? What are your negotiables and non-negotiables when it comes to the candidate?
Utilize LinkedIn, LinkedIn Recruiter, or Sales Navigator to identify and reach talent. LinkedIn has powerful search tools to identify talent. Use simple or complex boolean searches and filters to identify candidates to reach out to. Depending on the volume of candidates there are ways to source for candidates that are completely free to various LinkedIn payment plans.
Create Job Boards and Advertise: Job boards can allow you to create paid campaigns in order for you to create awareness around your job board. They can range from platforms like LinkedIn, Monster, Indeed, Dice, or ZipRecruiter. Job board platforms all have various payment plans and price models. Usually, job boards work on a pay-per-click model. Certain job boards like Dice cater to technical talent.