Startups live in a dynamic environment that is often driven by challenging goals. Also, there is typically a pressure to achieve these targets whilst utilizing limited resources and time. Due to these tight budgets and schedule constraints, hiring is an area where they cannot afford to make mistakes.
Startups depend on the commitment and expertise of their employees to take them to the next level. A wrong hiring choice can be costly both financially and in Lost Time. A CareerBuilder survey noted that companies lost an average of $14,900 on every bad hire. Moreover, every mismatch of the role and employee pushes them back from their path to success.
The good news is that Startups are now using technology to hire the right candidates. Apart from eliminating human errors and judgment from the hiring process, technology also helps them to expedite their hiring process. Although it may seem like a significant investment at first, the value of onboarding a highly qualified team, with a streamlined recruitment process quickly offsets the initial cost.
Here is a round-up of technologies and tools that startups can utilize to fast-track their hiring process and recruit only the best talent.