How to Grow Startup Talent On-Demand?
The traditional way of acquiring talent through the standard recruiting process . It takes anywhere between 2 to 4 months and costs ~$20-$30K, hiring through this process. This works well when the business strategy and talents needs are clear. To reduce the recruitment time, many organizations use the alternative – buy option . This helps to recruit faster through staffing firms, agencies, or consulting firms. According to the recent workforce report, it takes 20+ days to recruit talent through staffing firms. But, it comes with up to 80% markups. This approach provides relatively faster access to talent, but higher cost over the period. These two options work well for larger organizations with a clear business strategy for the next 2 to 5 years. But, startups work in a fluid environment, which changes fast. Startups need more flexible talent options. Rise of freelance talent The technology advances are paving a new way of talent acquisition that is faster and cheaper compared to