17
LIGHTER CAPITAL WEBINAR © COPYRIGHT 2015 How to Recruit For Your Growing Technology Company

How to recruit for your growing technology company

Embed Size (px)

Citation preview

LIGHTER CAPITAL WEBINAR © COPYRIGHT 2015

How to Recruit

For Your Growing Technology Company

LIGHTER CAPITAL WEBINAR © COPYRIGHT 2015 p2

Branden HarperDirector of Lighter Capital

+10 years financing early stage tech companies, either

as an entrepreneur or investor. Over $50M raised or invested

Today’s Speakers

Paul SlezakCo-Founder of RecruitLoop

+20 years in the recruitment industry and has been a

hands-on recruiter, manager, trainer, coach, mentor, and

regular speaker for the industry across Australia, Asia, Europe, and North America.

LIGHTER CAPITAL WEBINAR © COPYRIGHT 2015

› RecruitLoop is a global marketplace of independent recruiters and sourcers, working on-demand by the hour connecting employers of all sizes with experienced recruiters, who can help with any part of the hiring process - typically with 80% cost savings compared to traditional recruitment.

Trusted by:

About RecruitLoop

LIGHTER CAPITAL WEBINAR © COPYRIGHT 2015

› Mission: make fundraising process more efficient utilizing technology and alternative structures

› Funded +70 tech companies: Most active revenue-based finance lender in the country

› $50K-$1M in growth capital, including making key hires, product development and sales/marketing initiatives

› Entrepreneur-aligned structure

About Lighter Capital

LIGHTER CAPITAL WEBINAR © COPYRIGHT 2015

Today’s Agenda

Questions to ask yourself before recruiting

Ensure financing is included in your recruiting plan

Manage the recruiting process: talent attraction, sourcing strategies, and interviews

p5

LIGHTER CAPITAL WEBINAR © COPYRIGHT 2015 p6

As founder/CEO, you have a lot to juggle!

LIGHTER CAPITAL WEBINAR © COPYRIGHT 2015 p7

So Ask Yourself

1. Have you even thought about a job description?

2. Have you actually budgeted for your key hires?

3. Should you use an external recruiter?

4. What do you need to look for in a recruiter?

5. Should you do it yourself?

6. Do you have time to do it yourself?

7. What do you look for in a CV?

8. How do you really distinguish between a candidate’s skills and competencies?

LIGHTER CAPITAL WEBINAR © COPYRIGHT 2015 p8

Plan for your key hires

1. What can you afford?

2. Incremental hiring vs. explosive hiring

3. Things to consider when you budget your key hires

4. What are your options?

LIGHTER CAPITAL WEBINAR © COPYRIGHT 2015 p9

Talent attraction

1. What are you really looking for?

2. What exactly will your team member be doing?

LIGHTER CAPITAL WEBINAR © COPYRIGHT 2015 p10

Defining success from the outset

What do you think is more important: the candidate’s ability to get the job, or the candidate’s ability to do (and ideally excel) in the role?

LIGHTER CAPITAL WEBINAR © COPYRIGHT 2015 p11

Write An Eye Catching Job Ad

‣ An effective headline

‣ Key benefits (usually in 3 bullet points)

‣ A brief business profile

‣ A summary of the role itself

‣ A profile of your ideal candidate

‣ Any rewards or incentives

‣ Your contact details

‣ Disclaimer

LIGHTER CAPITAL WEBINAR © COPYRIGHT 2015 p12

Sourcing strategies

LIGHTER CAPITAL WEBINAR © COPYRIGHT 2015 p13

Sourcing strategies

LIGHTER CAPITAL WEBINAR © COPYRIGHT 2015 p14

The Interview

“The only way to determine how the candidate will perform in your role, is to ask questions around how they performed a similar task in the past”.

‣ Behavioral based questions

‣ “Tell me about a time when …”

‣ “Give me an example of a time that you …”

‣ The 30 minute rule

LIGHTER CAPITAL WEBINAR © COPYRIGHT 2015 p15

5 Critical Interview Questions

① Why are you really sitting in front of me today?

② What are you ideally looking for in your next role?

③ What salary are you on now?

④ Who else is involved in your decision making process?

⑤ How will your manager react when you resign?

LIGHTER CAPITAL WEBINAR © COPYRIGHT 2015 p16

Why do people leave or stay?

700 employees working for tech startups were recently surveyed:

- 66% felt a lack of progression in their role was the main factor in deciding to leave

- 12% said more money would influence their decision to change companies

- 85% believed a clear plan for future professional development was the main reason to stay

- 72% believed a strong team culture was another reason to stay

LIGHTER CAPITAL WEBINAR © COPYRIGHT 2015

How Can We Help?

Lighter CapitalCan provide $50K-$1M growth funding if you need to use that for key hires

› Non dilutive

› Long-term growth capital

› Flexible payments

› Can get you funded in 30 days

RecruitLoopCan match you with verified recruiters and sourcers, who bill by the hour

› Connect with an expert recruiter

› Receive flexible recruitment support

› Only pay for the hours you use

› Save 80% on traditional recruitment fees

Learn more: www.lightercapital.com

Contact us: [email protected]

Learn more: www.recruitloop.com

Contact us: [email protected]