If this is truly one of the most difficult times for companies to hire talent, how can smaller tech companies and startups compete with the likes of Meta, Google, or Amazon? Big companies offer big pay. But smaller companies can still win the talent war by employing new, creative tactics.
Almost every company is being forced to re-evaluate hiring practices right now. Perks that prioritize employee wellness and help them find purpose are more in style than open-concept workspaces. Employers who lean into this are offering something intangible, but often more valuable than money.
Additionally, things like vision, impact, flexibility, and innovation are important weapons for smaller companies. Individuals at smaller startups can have a more direct impact on products and services. At a smaller company like Capsule, employees are given more responsibility and independence which can ultimately “accelerate their pace of learning and career growth faster than would otherwise be possible in a larger organization,” according to CEO and Founder Eric Kinariwala. Or, these startups can offer more in the way of professional development. At Zebra Technologies, Senior Talent Acquisition Leader, Denyse Pashup, boasts about the company’s “large investment in training and developing our talent across the organization.”
Of course, remote work trends can play a role, too. Big tech companies are struggling with what to do with their large physical office spaces, in some cases, companies are implementing raise caps for non-local employees. Companies with a distributed work model are going to continue to be competitive strictly because of that flexibility. Now at a company like Capsule or Zebra, you can work on something you’re passionate about from anywhere in the world.
David really does have a chance against Goliath.
Learn more about how startups can compete with major tech companies for talent in this edition of The Mid-Point.
Inside this issue
- How to Compete with FAANG for Tech Talent
- Big Tech Rejecting Remote Work Could Cost Them Talent Back
- Best Places to Work 2022: Mid-Size Startups
- Help Employees Find Purpose – Or Watch Them Leave
- Fintech Companies are Hiring! Join us at our virtual spring event.
The five tech giants (Facebook, Amazon, Apple, Netflix, and Google) lumped together under the acronym FAANG, have secured their place on the S&P, in the everyday lives of people all over the globe and as a coveted line on any tech employee’s resume. These prestigious places to work may have no issues finding top talent, but working in a goliath firm may not be every technologist’s dream. Two smaller tech company HR professionals spell out how they’ve approached recruitment, where they’ve seen success and how other companies can follow their lead. Read More
Several companies are acknowledging that competitors with more flexible work arrangements may pose a significant risk to their businesses. Amazon, Pinterest, Intel and PayPal all mentioned, for the first time ever, that evolving work environments could impact their ability to attract or retain employees, according to annual filings released in recent days. It shows, more than two years into the Covid-19 pandemic, how big tech companies are still weighing how and whether to bring employees back to the office and the risks associated with getting everyone back under one roof. Read More
Americans are leaving their jobs in record numbers to search for something better. So when it comes to the best places to work in 2022, what does that look like? While competitive salary and benefits are always important for attracting and retaining talent, in 2022 it’s all about work/life balance, wellness, flexible work culture, and growth. So we rounded up the 100 best companies to work at in 2022 based on work/life balance, well-being benefits, culture, and growth opportunities. Read More
Employees expect their jobs to bring a significant sense of purpose to their lives. Employers need to help meet this need, or be prepared to lose talent to the companies that will. Read More
Upcoming Event with One America Works
Join us for our spring Fintech Remote Recruiting Event! We’re assembling some of the best fintech companies to work for – all with amazing, fully remote roles. Once you fill out your application, all of these companies will have an opportunity to review your resume and set up 1-on-1 interviews.
You’re just a few steps away from your next amazing career in financial technology:
💠 Register and provide a little information about yourself so companies can get to know you
💠 We will send your information over to the participating companies who will review your information
💠 Every company that is interested in your candidacy will let us know, and we’ll coordinate interviews for you
💠 You’ll have between 15-30 minutes to interview with each one of the companies
The event is ongoing and will run from March 15 to May 15. Learn more and register here.
