Hiring is broken:
turnover and retention are largely the same as they were 30 years ago, despite hundreds of billions of dollars spent on hiring technologies. Job boards and applicant tracking systems have made it easier and less expensive to get more candidates more efficiently, but roughly half of all hiring decisions are still mistakes.
Average employee tenure has been dropping like a stone and employee turnover rates continue relatively unchanged. Hiring mistakes are so accepted that “money-back guarantees” have become table stakes for any recruiter.
In particular, for small businesses, hiring is a make-or-break decision. Competition for top performers is a high stakes game, while hiring mistakes can sink a company’s profitability and reputation. There is a “war for talent”, as McKinsey famously declared over 10 years ago.
Successful technology startups have redefined the war for talent
, forced to compete with much larger Fortune 500 incumbents by inventing new techniques for finding and hiring top employees.
My session will describe some of the beliefs and techniques that the best small businesses use to compete with big business for hires.
The techniques I’ll cover are not only useful for owners and hiring managers of small businesses, they are also great ways for Fortune 500 recruiters to learn how to compete with startups for top hires.
Beat them at their own game!
I’m Ben Baldwin, Co-Founder of CareerXact and ClearFit
(one of IDC's 2011 Top 10 Cloud Companies to Watch
). I’ve spent the last 12 years founding and growing two recruitment software businesses with over 2,000 Fortune 500 and small business clients across 4 continents. I’m a patent holder and board member of the Entrepreneurs’ Organization