In the fast-paced and competitive world of startups, building strong networks and fostering valuable connections can be the difference between success and failure. Networking goes beyond mere socializing; it opens doors to a wealth of opportunities, connects founders with experienced mentors and industry experts, and paves the way for partnerships and customer acquisition.
At Arcanium, we believe intake meetings are fundamental and foundational for any successful recruiting strategy. This process occurs between the recruiter and the hiring manager (or hiring team) to obtain essential details about your open position and desired candidate. If both parties agree on the ideal candidate profile, and the recruiter fully understands the position, then the right candidate can be found and hired in no time!
Cost of Vacancy (COV) refers to the amount of money lost due to an unfulfilled job position. Keeping a role open can impact your company’s revenue, productivity, and employee retention rates.
Your company just approved new positions, and you’ve been assigned to recruit some high-quality candidates for the openings. You write the perfect job description and you post it everywhere on the internet. There’s an initial influx of applicants, but no one is a great fit. Eventually, the applicants stop coming in, and you still haven’t made a hire.
According to the November 2022 “Tech Jobs Report” by CompTIA, a nonprofit association for the technology industry, companies have maintained a steady pace of hiring. Tech industry employment increased by 193,900 in 2022, 28% higher than last year. And employer job postings for new tech hiring rebounded in October with nearly 317,000 openings, an increase of more than 10,000 from September.
Are you a Startup trying to hire a Software Developer, Engineer, or Web Developer? Technical hiring comes with many unique challenges. In determining who is the right fit for the role, HR professionals must be sure that the candidate has a suitable skill set. Screening resumes only doesn’t cut it when evaluating tech professionals.
Knowing your startup's runway is critical for success. Runway is the number of months your business can operate until you run out of resources, and startups must plan for roughly 18-21 months of runway. To calculate your runway, divide your current capital by your net burn rate, which is your monthly expenses minus your income. Plan for unexpected issues by leaving a buffer of 30% runway. Fundraising is important, but you also need to focus on recruiting and retaining talent, enhancing your product, and maintaining public relations to meet your financial and traction goals.
One of the most essential steps in the hiring process is the interview. It allows both the company and the candidate to connect and evaluate each other. While the interview process is critical, it must be quick and efficient. In today’s competitive tech market, qualified tech talent receives many job offers within the first two weeks of their job search.
Recruiting is one of the most time-consuming and costly aspects of running a growing business. Since you don’t have the time to find, vet, and make new hires yourself, you may decide to work with a recruiting agency.
Recruiting new talent for a growing company can be a challenge, especially when HR is already at full capacity. Companies can create a separate, in-house team for recruiting, but this is expensive and time-consuming. Alternatively, companies can hire a recruiting agency, but these typically work on a contingency basis, which can be costly. Arcanium offers a new take on the recruiting business called Recruiting as a Service (RaaS), which operates on a monthly subscription fee. RaaS offers qualified, pre-screened applicants, saves clients money compared to traditional agency models, and lets companies scale up without sacrificing quality or taking on long-term commitments.
After weeks of sourcing and screening candidates, you finally find one that matches your requirements. But before you can offer them a future at your company, they inform you that they will pursue another opportunity. If this has happened to you, chances are that there is a flawed hiring process to blame.
What’s the secret to meaningful technical interviews? To me, it’s the technical case study discussion. I think coding exercises (what I’ll refer to as “code kata”) are mostly a waste of time in interviews for most technical positions where those skills really aren’t the critical indicators of job success.
You have an amazing idea that needs a software developer. You know that this isn’t something you can do independently, so you might call in an expert. When it comes to software development, you can hire a full-time employee, a freelancer, or an agency. They all have pros and cons, but how do you know which one is right for you? Well, first you need to know something about your project.