Startups go headhunting in speed-dating mode
Apr 22 2014 , Hyderabad
This is a radical departure from old-style headhunting, where companies filter out the best candidate from among a large number of applicants through multiple tests, interviews and group discussions.
Around 10 companies have registered for the speed-dating model of recruitment, to be organised this week at the IIIT, Hyderabad. Around 75 candidates will be screened at the event.
This is the second time the city will witness such a speeded-up headhunt for startups. During the first event, over 30 companies came together to offer jobs. Another such event would take place in Bangalore this weekend.
This innovation comes from a platform called Headstart Higher facilitated by HeadStart Network Foundation. It is the largest network of early-stage startups in India offering entrepreneurial learning, hiring, marketing insights and peer mentoring.
According to Ramesh Loganathan, one of the core team members of HeadStart (Hyderabad) and managing director and vice-president (products), Progress Software, a basic screening of the candidates would be conducted beforehand.
“It is not very difficult for startups to find engineering talent. But they face problems in forming sales and marketing teams for niche products and services,” he said. Candidates also need to be motivated to work in informal structures typical of startups, he added.
Salaries paid to the right candidates are ‘decent’ and some startups might even offer equity to inculcate a sense of belonging among the recruits. But many candidates prefer higher salaries to equity as fledgling companies are still in the process of discovering their value.
According to Loganathan, some startups might even find co-founders through the speed event. There are over 1,000 startups in Hyderabad and most of them recruit through referrals, he said.