Being an entrepreneur is tough. You have to wear many hats, be comfortable with change and ambiguity, and always hustle to make things happen. So it’s no wonder many startup founders burn out within the first few years. It’s simply not sustainable to keep up that level of intensity for long.
One of the most common causes of burnout in a startup is growth. Startups are built on needing exponential growth, meaning they often have to expand very quickly to survive. This can be a lot of pressure for a small team, and it’s not uncommon for founders to try to do too much themselves.
One way to avoid this is by partnering with a recruitment company from the start. Here are five reasons why building a relationship with a specialist recruiter will help you minimise the stress of building your business.
Access to a Wider Pool of Candidates
Recruitment companies have access to a broader pool of candidates for several reasons. First, they typically have established relationships with various job boards and other online platforms. This allows them to post openings to many places at once, increasing the chances that they will reach a qualified candidate. Plus, they know through experience which boards are most suitable for specific sectors.
Second, recruitment companies will assign team members dedicated to sourcing candidates for your business if you engage in a fully managed service. These team members are skilled at using different techniques to find talented individuals who may not be actively looking for a new job.
Finally, recruitment companies typically have access to databases of potential candidates that they can search through when looking for someone with specific skills or experience.
All these factors combine to give recruitment companies a significant advantage in finding the best candidates for a given position.
Save Time and Money
Outsourcing any function of your business carries a cost. Whether it’s legal, accounting, payroll, HR, or recruitment. But when you’re in the early stages of a startup, engaging with external specialists is a wise investment.
When you’ve got a business to run, the last thing you want is spending hours trawling through resumés, scheduling interviews and doing all the other admin that comes with recruiting new staff.
Partnering with a specialist recruiter means they’ll handle all of that for you, and because you’re using them for multiple roles, you can usually negotiate a better rate.
Reduce Staff Turnover
The right employees can help to drive growth and propel the business forward, while the wrong employees can lead to stagnation and even decline. For this reason, it is essential to put careful thought into the hiring process.
Recruitment companies specialise in finding candidates that are a good fit for the job and the company culture. This can save businesses a great deal of time and effort and reduce the likelihood of making a bad hire. Plus, most recruitment companies offer a rebate if your new starter doesn’t work out, which helps to protect businesses from the financial loss caused by a bad hire.
Improve Employee morale
It’s no secret that happy employees are more productive employees. Conversely, if your team is unhappy, it can lead to all sorts of problems, from high staff turnover to a dip in morale. One way to improve employee morale is to partner with a recruitment company. Recruitment companies work hard to find candidates with the skillset required for the job and who will also fit in well with your company culture.
This helps to create a more positive work environment, which can lead to improved employee morale and productivity. Not to mention, happy employees are more likely to stick around, saving you money in the long run.
Get Expert Advice
When you partner with a recruitment company, you will also have access to their expertise and advice. Recruitment companies have extensive experience in the industry and can provide valuable insights into the latest trends, salary levels, best practices, and more. This can be extremely helpful for startup businesses that may not have much experience in recruiting or HR.
The company can also help you to create a customised recruitment solution that meets your specific needs and budget. In addition, they will handle all of the advertising and candidate screening, so you can focus on running your business.
So, if you’re feeling the pressure of growing your business and finding top talent, don’t worry – you’re not alone. Many startup entrepreneurs feel this way. The good news is that there are ways to reduce this pressure. Partnering with a specialist recruiter can take care of all your staffing needs so that you can focus on what you do best – expanding your business.
Contact Kensington Additive today if you’re interested in learning more about our fully managed recruitment service. We’re happy to discuss our services with you and answer any questions you may have.
We know how to find the best people for your tech startup, and we’d love to help!