How Will Your Startup Handle "The Talent Crunch"?

01-05-2011 |
135275 Comments |
Categories:

A number of stories have crossed the wire in recent weeks about the "talent crunch" in the tech industry. Although the unemployment rate in the U.S. remains high, many tech companies are struggling to find and to keep employees. Compounding what's already just a general shortage of engineers, those tech companies with deep pockets are offering big salaries and bonuses to those willing to join (and hopefully stay).

In a bidding war for talent against the likes of Facebook, Google, and Zynga, how can startups compete in order to recruit and retain talent?

Of course, you can be the talent. And in an environment where seed funding is readily obtainable, that's been a viable option. But once you reach the point where you need to bring on more bodies, whether as co-founders or employees, your startup faces competition from just about everyone else in the industry. The "Which startups in San Francisco Bay Area are hiring?" thread on Quora gives just a glimpse.

We've written about hiring for startups numerous time here - guides on recruiting both technical and non-technical staff. Making hiring decisions, particularly at the early stage of a company, is both challenging and crucial. With limited resources, you want to make sure you hire the right person for the right job.

But that challenge is compounded a thousand-fold when competing for recruits against companies that can offer more perks and fatter paychecks.

In a blog post this morning, investor Fred Wilson described the talent war as part of what he identifies as "storm clouds" brewing in the tech industry. Linking to a story in Techcrunch that tells of Google offering an engineer $3.5 million to not leave for Facebook, Wilson says that this, along with the massive deal flow, is all "unsustainable." Sustainability aside, recruiting on that scale isn't even fathomable for most new companies.

If you're a startup who's tackled (or is tackling) this, we'd love to hear your thoughts in the comments.

If you liked this post, subscribe for updates (it's free)

Leave a Reply

Comments

free casino games sun moon penny slots

free casino games sun moon penny slots

borgata online casino online casino slots

borgata online casino online casino slots

Cheers, Wonderful information!

effects viagra 200mg
buy viagra
clarisa nora doctorovich viagra
cheap viagra

Cheers, Wonderful information!

effects viagra 200mg
buy viagra
clarisa nora doctorovich viagra
cheap viagra

penny slots free online online slots free | free slots online no download | https://onlinecasinogg.com/#

penny slots free online online slots free | free slots online no download | https://onlinecasinogg.com/#

vegas world free slots bovada casino

gambling sites hearts of vegas free slots | free online casino | https://onlinecasinoqq.com/#

vegas world free slots bovada casino

gambling sites hearts of vegas free slots | free online casino | https://onlinecasinoqq.com/#

vegas casino slots gsn casino slots

vegas casino slots gsn casino slots

free slots machines vegas casino slots

free slots machines vegas casino slots

free vegas slots online casino free slot machines

free vegas slots online casino free slot machines

play lady luck buffalo gold slots

play lady luck buffalo gold slots

You actually reported this really well!

viagra ocular side effects
buy viagra
ordering viagra on-line from canada
viagra pills

You actually reported this really well!

viagra ocular side effects
buy viagra
ordering viagra on-line from canada
viagra pills

casino games slots free cashman casino slots free | new no deposit casinos accepting us players | https://onlinecasinogg.com/#

casino games slots free cashman casino slots free | new no deposit casinos accepting us players | https://onlinecasinogg.com/#

personal philosophy essays http://paperwritingservice.gdn/termpaperwarehouse/lifespan-development-essay.html dissertation and thesis

personal philosophy essays http://paperwritingservice.gdn/termpaperwarehouse/lifespan-development-essay.html dissertation and thesis

You actually expressed this very well!

vaginal viagra suppositories side effects
viagra online
animals on viagra
viagra for sale

You actually expressed this very well!

vaginal viagra suppositories side effects
viagra online
animals on viagra
viagra for sale

casino real money casino games slots free

slots lounge 200 free slot casino games | big fish casino download free | https://onlinecasinoqq.com/#

casino real money casino games slots free

slots lounge 200 free slot casino games | big fish casino download free | https://onlinecasinoqq.com/#

online gambling sites slots for free

online gambling sites slots for free

vegas casino online vegas free slots online | free slots slotomania | https://onlinecasinott.com/#

vegas casino online vegas free slots online | free slots slotomania | https://onlinecasinott.com/#

brian christopher slots no download no registration slots

brian christopher slots no download no registration slots

mirrorball slots mirrorball slots

mirrorball slots mirrorball slots

vegas world google free casino slot games

vegas world google free casino slot games

hollywood casino online absolutely free slots

hollywood casino online absolutely free slots

free online casino play slots | free online casino slots | https://onlinecasinoee.com/#

free online casino play slots | free online casino slots | https://onlinecasinoee.com/#

hairy granny sex video
http://hairypussypix.com/

hairy granny sex video
http://hairypussypix.com/

Helpful info. Appreciate it.

why are teens using viagra
viagra without a doctor prescription
interaction between viagra and enzyte
generic viagra

Helpful info. Appreciate it.

why are teens using viagra
viagra without a doctor prescription
interaction between viagra and enzyte
generic viagra