When you are trying to build a start-up with explosive growth in mind, you may want a company that grows by nature and in ways that many times can surprise you. For this, you need to begin looking for talent as a business growth hack. If you can get the right people, especially while hiring in foreign countries, they can go above and beyond the project execution. These people provide an opportunity to get more work done as you can trust them even when you are not around. But it is always hard to find workers of this caliber, especially in difficult periods like nowadays. Here are some tips that might help.
1. Watch the competitors
You will have competitors in every field of business as the market cannot run without any good competition. So, it would be great if you knew when your competitors are having trouble and when it may be a good time to reach out for recruitment prospects. This is possible by keeping an eye on what is said on Glassdoor about businesses that employ the kind of talent you are looking to recruit. If you find a drop in their rating or a series of complaints against the organization, it may be the right time to test the water.
2. Develop a pool of prospective employees
This is a crucial point to remember while recruiting employees. Remember that you never throw away the resumes of candidates that applied for a post but failed to cut. The reason for doing this is that you never know when you need somebody in the future. Keep in mind that these people showed interest in the company and sometimes down the road as they develop their skills, they can turn out to be great candidates. Make sure that you are communicating well even when you are declining a prospect. Set up a drop email for staying in touch.
3. Perform advanced LinkedIn research
There are hundreds of websites and social media platforms available for the recruitment process over the internet. This is a great recruitment hack. You can consult the best hires you have undertaken and learn from them about where and when they worked earlier. Take into consideration the LinkedIn advanced search to find out people that worked at the same business at the same time. There is every chance that it was the peak period of that business and you may find some great employees for work.
4. Hiring PEO services
PEO is the additional service you can use for hiring talent in foreign countries. They are outsourcing organizations that provide services to small and medium businesses and start-ups. There are several services offered by PEO including shadow payroll, human resources consulting, payment card processing, risk and security management, employee compensation insurance, employee tax filing, medical benefits, and a lot more. If you will get in touch with any PEO consultancy, you are likely to find employees faster than usual. Another option is employer of record (EOR). An employer of record or EOR is a company or organization that is legally responsible for paying employees, including dealing with employee taxes, benefits insurance and sponsorship applications. They are often relied upon to provide many other transactions concerning human resources like providing work permits among other things.
5. Sell the positions
While you are writing a job ad never make a bullet point list of qualities the right candidate is expected to have. Most in-demand candidates want to find out what you can offer to them and not a list of demands from HR. Write these ads in a way that highlights the reasons why these prospects must work in your organization and keep the list of requirements to a minimum.
6. Switch the job posting places if required
If you can do the above and are not getting the desired results you may consider changing the posting places. For instance, when you are posting to candidates from large cities, opt for smaller cities and suburbs close by instead. It might be a good idea to post for a job in locations where there are a lot many people with the requisite skills you need. If you are looking for engineers try to hunt in places that have universities known for their engineering programs.
7. Know Local Labour Laws
Local labor rules might be confusing and contradictory. Every country has its own set of regulations and labor protections. They might also differ within a country, between regions, or cities. You can write contracts that are unenforceable, mishandle tax information and collection, and make other mistakes if you don’t have a thorough understanding of local regulations.
8. Understand Compensation Differences
Different currencies and attitudes toward pay exist in different countries. The recruiter should be familiar with the currency of the country for which the recruiting is being conducted, as well as how that currency relates to the currency in which the organization’s budget and costs are maintained. This aids in determining a candidate’s wage expectations in relation to the position’s budget, as well as effective negotiating.
9. Highlight Job Benefits
If you want to attract good employees to your start-up company then, it will be quite beneficial to inform them about all the perks & benefits you are providing. Moving to another country for any job, even if it’s a dream position, is a significant undertaking. However, you might appeal to someone’s desire for a smooth transition by stating that your company will cover some or all of the relocation costs.
10. Contact Universities for Eligible Candidates
Businesses can hire new graduates by going straight to the universities and colleges where they graduated. If you’re looking for new employees, contact the career development offices of the best schools in the nations where you want to expand. It is a convenient option to choose as students have fresh minds and curious brains that can come up with good capabilities and new ideas.
Conclusion
Although the world, in general, is facing a talent shortage, you can find ways of hiring great people even for start-ups. Some of the tips above can help you in finding the right candidate for your startup. They may inspire you to even come up with some of your hacks for recruitment. If you can get a well-functioning team of talent together, the entire organization looks better than just the sum of people. In these cases, you can expect great things to happen that no one anticipates. But keep in mind that finding top-caliber employees is extremely difficult especially during the difficult period we are facing these days.