How to Choose the Right SaaS or FinTech Recruitment Partner
Successful SaaS and FinTech companies know that their success heavily relies on the expertise, talent and quality of their workforce. Excellent people are hard to come by, and they are in heavy demand in every industry.
There are multiple ways to source talent; however, not all recruitment is executed equally. To minimise the chances of a bad hire and handle recruitment in a cost-effective and time-saving manner, choosing the right recruitment partner is essential. Here are some key points you should consider when choosing your recruitment partner for your SaaS or FinTech business.
Choose a recruiter that specialises in your industry
There are thousands of recruitment partners around the globe. Some of these are general recruiters, and some specialise in a specific sector. Depending on your job description and the salary of the position you need to hire for, consider the importance of the role and how much of an impact you want this hire to make. Making recruitment mistakes will cost your company money and time, which will slow down your growth and overall success.
If you are a company in the software or FinTech industry looking to make a key hire, which requires specific experience, choosing a recruitment partner who knows the role and knows your company will be much more beneficial to you than choosing a conventional recruitment agency.
Recruitment companies who specialise in a sector will already have the knowledge and network to make your recruitment more successful and efficient.
Understand your recruiters’ hiring strategies and recruitment techniques
Every recruitment partner is different in how they work; some headhunt, some advertise on job boards, and some already have a network of people they can reach out to. Companies that have a recruitment partner should know the way they work and understand their brand, so they know how their company is being positioned to potential candidates.
Specific positions require careful targeting to find the right person with the right experience and skills for the role, and you need a recruiter who is going to conduct a thorough screening process. Great recruiters will also understand the candidate’s profile and understand what is required outside the job description.
Your recruitment partner should be an extension of your business, so they should understand your values and goals and be able to reflect these when speaking to candidates. When choosing a hiring firm, recruiters should be able to communicate effectively and answer queries to both you and the candidates. They should be organised, mature and professional and understand the industry and roles you need to hire for.
Before working with a recruitment company, ask about their previous experience in the roles they have been hired for and the growth of companies they have previously worked with. This information should give you a clear idea of whether they have the right capabilities.
How is your recruitment partner's reputation?
Not all recruitment companies are created equally. The status of the recruitment firm you partner with is essential. If your recruitment partner has a great reputation and is known in your industry, great candidates are more likely to engage with them, due to the chances of being presented with a great opportunity. Do your research when choosing a partner by looking at reviews, testimonials, previous clients, and roles they have placed before.
Client feedback shows a recruitment company’s consistency, and customer loyalty and reflects its ability to offer a great service.
Does your recruiter know you?
Your recruitment partner should know you, your company culture and the unique features that make your company stand out from the rest. Ask yourself whether your recruitment partner can protect and project your brand and whether you trust them to do this effectively. Partnering with a recruitment company that doesn’t fully know you and your brand can damage your reputation in an already competitive recruitment market.
Above all, you need a recruitment partner you trust, and that can work as an extension of your company. The representation of your company should be a top priority, so choose a recruitment partner who believes in your vision and team.