Are you recruiting? What are you ok to pay for?
Hey Guys. A quick question. Are you looking to hire someone full-time (at office / remote)? What are your biggest challenges and you're ready to pay for it if someone can solve that problem?
It will be great if you have watched someone close struggling with this problem and can share insights / thoughts on this on their behalf.
I'm not hiring now but I've done it in the past. Recruiters are expensive but good ones are fully worth it. There is nothing quite so dreadful as being a hiring manager for a job hr posted to public job boards.
It really depends on the position.
I currently work at a large network of job sites and in result, I've talked to several hundred recruiters of all types.
Many people don't realize how expensive recruiting is. If you're looking for a senior software developer, a technical recruiter can expect to receive 1 or even 2 months of pay as commission. This is oftentimes over $10,000.
Hopefully this high price tag is an indicator of how much companies are willing to pay to attract top talent.
As far as building an all in one solution to connect talent with employers, it is incredibly difficult to reach a network effect.
Interesting. So, where do you think the real problem is that can be solved? Is the high referral fee an indicator of how cumbersome the process is?
Would love to hear your thoughts on what you got to know from these recruiters about their real problems?
So many people are trying to replace the human interaction aspect of recruiting. There are countless startups claiming to us ML/CV video analysis to determine whether someone not just capable of doing the tasks, but also a good culture fit.
There is no single tech solution for this, and for anything to be at all useful, you're gonna need a massive amount of job seekers and employers on board. LinkedIn is at close as it gets, but at the end of the day, it is still just a tool that must be used by recruiters. We're not at a point where software could replace recruiters because that would mean it also replaces HR, but I don't think you can ever take the human out of human resources.
The challenges are several. I'm not hiring, this is based on market research with large institutions & recruiting companies.
First, you want to reduce the amount you pay, so the cheaper the better. But it cannot be below market rates - how do you determine what the market rate is?
Second, you need to search for someone. The searching is actually ridiculously easy - use LinkedIn. Then you need to reach out to them for a CV (more as a sign of interest) and then screen them based on that CV.
Screening can be done several ways, based on skills/requirements match, length of time at previous jobs, level of education, institution of education and the like.
The two paras above take time doing drudgery.
Then you need to interview them. How do you interview them? Some managers are better at finding candidates than others, do you record who hired who? Do you follow who is better at hiring?
How are you deciding if they're a good fit? Culture? Skills? Combination of both? Other talents (intelligence, inquisitiveness, tenacity)?
Interviewing takes time, nobody likes doing it.