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Recruiting top talent is challenging for any company, especially for a young startup where every dollar counts. The perspective seems even less attractive when competing with tech giants that lure the best experts with handsome pay cheques and bonuses. For example, Netflix allows its employees to take up to 12 months of paid parental leave from work, while Facebook pays 100% of the medical insurance for each employee, no matter what services they receive. Of course, such companies are not likely to save on recruitment campaigns and A-level recruiters.
But what should you do if your company doesn’t have endless resources to invest in the recruitment process, hiring a dedicated HR team? In such cases, partnering with a talent agency like Bridge can help. Being experienced in talent hiring for various businesses across the world, we can assist you with your hiring campaign based on your needs and available budget.
In this article, we’ve singled out 4 cost-effective strategies to bring the right talent on board. So, let’s dive in.
4 ways to hire tech talent on a budget
When you need to extend your team with tech talent, but you don’t want to spend money as if it grows on trees, consider some alternative solutions. Here is how you can find skilled engineers at minimum cost.
Use automated tools to streamline hiring
Automated recruitment tools and software can help you optimize the hiring process, and significantly reduce costs. For example, you can use talent acquisition platforms like TalentCare, which offers solutions to efficiently manage the recruitment process, easily post job openings and advertise them, filter applicants, and more.
When you want to streamline appointment scheduling, consider using apps like Calendly. The app offers a user-friendly interface and integrates with various calendar platforms, such as Google Calendar, Outlook, and iCloud. What’s more, you can create personalized scheduling links for your applicants to select a convenient time slot for a meeting.
Source: Calendly
And let’s not forget about everyone’s favorite ChatGPT. Interestingly enough, ChatGPT is able to help you with a number of recruitment tasks, like writing interview questions, job descriptions, personalized messages, and outreach emails. So, thanks to ChatGPT, you can significantly cut costs, reduce time for task completion, and improve efficiency.
Another way to find technical experts without investing a lot of resources is by collaborating with an agency that has automated tools in place. For example, within our sourcing-as-a-service offering, you only pay a monthly fee that is much cheaper than a full-time recruiter would cost. We use a proprietary data engine built exclusively for engineer recruitment. It allows our sourcers to validate candidates using semantic search and enriched data, making the outreach 5 times faster. As a result, you get up to 30 pre-screened candidates for potential hire without spending a lot of resources on sourcing or vetting the applicants.
Partner with Bridge and start getting the first candidates within the first 5 working days!
Hire freelance programmers
Hiring freelancers is definitely cheaper than employing full-timers. You can look for potential applicants on freelance marketplaces, like Upwork and Fiverr, or online job boards, like Indeed and LinkedIn.
Being relatively fast and cost-efficient, hiring freelancers may come out wrong for your business, though, especially when you didn’t work with them before. So, if you’re planning to hire freelancers, you have to make sure that you know how to evaluate their skills and have a tech expert to help you with a technical assessment.
Still, you can’t be 100% sure a freelance developer is a reliable team player. To ensure you hire a qualified engineer with the required skill set, you can cooperate with Bridge. With our sourcing-as-a-service offering, you get the list of candidates our team gathers and vets for you. Our experts will also reach out to candidates in their native language, ensuring they’re the right fit for your project.
Attract new talent from underutilized markets
It’s not a secret that engineer salaries differ across various countries. So consider researching the global tech talent market to find the fitting location and hire engineers there.
For instance, developer salaries in Brazil are five times lower than in the US, while there are 500,000 software developers.
What’s more, the Brazilian IT sector is heavily focused on developing artificial intelligence and machine learning solutions. Additionally, the country plays a significant role in advancing global Edge Computing development.
IT staffing services
One more option you can go for to cut recruitment expenses is IT staffing. In a nutshell, staffing involves finding and hiring experts with the required skills to extend your team fast by your service provider. When choosing Bridge for IT staffing, you can significantly lower the costs of making full-time hires.
Instead of paying for sourcing or recruitment, with us you only pay a daily or monthly rate for the engineer’s work. What’s more, we cover all paperwork, team setup, payroll operations, and facilitate productive relationships. It works like this. You create a job requisition on our platform and our recruiters begin searching for potential candidates. Next, we provide you with the list of the most suitable applicants for the interview. Once you approve a developer, we hire and help to onboard them.
Creative recruiting strategies to attract top developers
While salary is indeed an important factor for many job seekers, it’s still not everything. Companies with limited budgets can focus on some other benefits software developers value to gain a competitive edge. Here are some of them.
- Support work-life balance
As 72% of workers consider work-life balance a critical factor when taking a job offer, it would be a great strategy for any company to promote a good work-life balance. It can be achieved by offering flexible hours and remote working opportunities, reviewing workloads and time off, giving employees time to volunteer, and more. This way, you won’t only attract top developers to your company, but also increase productivity and performance, and enhance job satisfaction.
- Guarantee family-friendly benefits
Family-friendly benefits help employees balance and integrate their work and family responsibilities. Apart from maternity and paternity leave, such benefits include caring for a partner or spouse, adoption benefits, on-site childcare facilities, and more. Such perks help your company increase diversity and inclusion, as well as improve retention and attract top talent. For example, PayPal offers expectant mothers 16 weeks of paid maternity leave, while Google provides 18 weeks for all parents and 24 weeks for parents who give birth to a child.
- Provide career growth opportunities
The opportunity to move up the career ladder seems appealing to most employees and might be crucial for many candidates when taking a job offer. According to the research, 87% of millennials rate development opportunities as one of the most important factors in their job. Therefore, when hiring developers, explain how you plan to grow your business and what opportunities your organization brings to them. When a candidate understands their personal role in a company and sees the growth potential, they are more likely to join your team and bring value to the company.
- Offer challenging projects
Highly-motivated and qualified developers are not lured by the opportunity to get stuck working on similar projects consecutively. Instead, they are driven by the possibility to work with cutting-edge technologies and solve complex tasks, improving their skills and expertise. Highlight that your company works on innovative solutions and uses up-to-date tools and hardware along the development process. Explain that each developer has a significant level of autonomy to make meaningful contributions and take ownership of their work.
- Provide additional perks
Remember, developers are also humans, so offering such benefits as free gym membership, healthy meal options, travel discounts, and more will make your company more enticing for top talent. Apart from promoting a healthy and balanced lifestyle, these perks demonstrate you value each employee and care about their well-being.
Hire skilled engineers with Bridge
Be it a high salary or free coffee, benefits might play a determining role for a candidate when making a final decision. But how to pick the right tech talent from the global pool of candidates without ending up in a situation where nothing is left for those benefits? Here is where Bridge comes to the rescue. We can help you hire a qualified software developer fast and cost-efficient.
Tell us about your project and we will find an engineer with the required skill set.
