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Are you recruiting talent for a startup and have to fill a difficult position, ideally yesterday? That is a typical startup challenge. Hiring can become a long process. In fact, the time to hire is at an all time high right now with 27 working days.
Alexandra Deisler, the HR Manager of the Berlin-based FinTech company LIQID, knows the struggle of finding talent for hard-to-fill positions while on a short time span. In this article she shares how MoBerries supported her reduce her hiring time, while still meeting skill- and cultural fit.
Partner:
Alexandra DeislerEmployees: 11 - 50
LIQID Investments GmbH is a digital asset management company. Founded in 2015, LIQID combines the expertise, investment instruments and terms available to leading family offices, and makes them available to a new generation of successful entrepreneurs, professionals and other affluent individuals.
65% of Recruiters claim that one of the largest obstacles to hiring nowadays is talent shortage. This belief enlarges upon the war over qualified talent that needs to meet several criteria. “We have three requirements to our applicants: skills for the job, industry experience and team fit”, Alexandra explains. Purple squirrels, as the talent is being called that fulfills all criteria, are hard to find.
MoBerries’ goal is not to place candidates in any job, but the job that best places the candidates and companies for growth. “LIQID is a startup, but our product requires a certain seriousness”, explains Alexandra. To be aware of the partner’s individual needs, the system collects feedback on why unfitting candidates got rejected by the company. This ensures further adaptation of the algorithm, leading to finding that purple squirrel.
Due to the dynamic nature of most startups, it is hard to predict when exactly talent will be needed. Once the vacancy is open, the recruitment process becomes time-pressing and you need to find talent as soon as possible, ideally yesterday. Studies also found that slower interview processes are putting brakes on hiring as almost half of applicants decide for another offer as a result of long response times. Speed therefore is key.
Most vacancies in the system are actually urgent-to-be-filled, which is why MoBerries is creating a shortcut between companies and candidates. Alexandra states: “Before joining MoBerries, one of our positions was open for eight months. We tried so many different recruitment solutions. We were positively surprised when we filled the position with MoBerries, even while still being in the trial phase.” By only displaying relevant matches to both candidates and companies, hiring times can be reduced.
Since joining MoBerries in November 2016, LIQID hired six candidates for hard-to-fill positions and interviewed over 130 applicants.
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