Global fintech and funding innovation ecosystem

How to Hire Top Talent Without Recruitment Costs

Sifted | Molly Johnson-Jones | Jan 31, 2023

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As the funding slowdown hits startups and the global economy teeters on the brink of recession, hiring decisions have never been more important.

  • Hiring Situation: Get them right and you’ll gain talent that can crucially broaden your team’s skill set, add new perspectives and help fuel growth despite economic challenges.  Get them wrong and you could face a revolving door of employees, sinking countless hours into continuously interviewing candidates and onboarding new joiners.  How to grow your team with literally no recruitment spend....:

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  • Publish a salary band along with job description - Pay transparency is also fundamental to the fight for pay equality — something that is starting to shift in Europe.
  • Use social media to showcase company culture - According to a 2021 survey conducted by LinkedIn, 63% of professionals say work-life balance is a top priority when picking a new job and 40% identify colleagues and culture as a top consideration.  But don’t just tell employees what working for you looks like — show them.
  • Get employees sharing about their working environment:  There’s no better way to illustrate your working environment and its benefits than by getting your employees to share their experiences.   They’re your best ambassadors and can explain how your working environment fits their lifestyle.
  • Explain firms flexible working arrangements in detail: Between January 2022 and December 2022, the number of job seekers expressing a preference for “remote first” roles more than tripled, and last year preferences for roles with “fully flexible” working hours increased by 23%.

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