When hiring for your startup,what are the major pain points you have encountered? I would love to chat
The biggest challenge I've experienced is just how small the talent pool can be at
times. This however might just be something unique to my country. I'm hoping remote work/hiring will enable me to test this hypothesis.
There are so many funnels that reduce the pool of appropriate candidates.
Fortunately, I believe that once you've found someone who a) loves startups b) is a good cultural fit c) is really good at what they do d) is okay with a potentially lower salary than a corporate (and/or equity) - then it's just a matter of selling the value of your company and your vision to them (which has consistently been the most straight forward part for me). It's the initially hurdles and funnels I find most challenging
A small talent pool is definitely a big problem for startups. I have a friend running a startup in the healthcare sector who told me the same thing. Attracting talent (and good talent) towards your startup and especially away from better paying corporates can get really tough.
If I see it from the candidates' perspective though, preparing for the interview(s) is incredibly tough. I spent all this time studying algorithms, tech stacks etc. and brushing up my skills/portfolio, I might as well go for a job that pays really well.
I think if startups can improve the hiring process for the candidate, i.e. make it more relevant for the job they'll be doing or give them some choice in how they want to interview then that might widen the funnel a little bit.
I'm only talking about the technical part of the interview though, I don't think the other parts can be improved drastically
Attracting talent in, my experience, also comes down to the individual.
Like you say, if they've put in the time and effort to learn all the complicated programming concepts, etc and they are incentivised primarily by money then absolutely I can understand they'd want to apply to a bigger corporate with more cash dollar. Fortunately, as startups we can offer alternatives to money like job fulfilment, ability to create a real impact, focus on creating value over pleasing shareholders/profits, flexibility around the job, etc.
And of course, if the startup does well (even though unlikely) - the money will come too.
I agree regarding making the hiring process relevant.
At our company we make an effort to really get to know the candidate and ask them questions that pertain to the job at hand (and not just question from the top Google results on "top 10 coding interview questions" ). Candidates tend to enjoy the process far more when they feel like the interview process isn't just some cookie-cutter interview from Google. Asking for them on feedback on the interview process has also helped us greatly finesse it.
Nonetheless, in my country, we still struggle with a top of funnel problem when it comes to candidates.
That's amazing I love it! I wish my current job had interviews like that.