The $100 MBA Show MBA2696 Q&A Wednesday: How Do I Find the Best People to Hire On a Budget?
Oct 29, 2025
Hiring top talent on a budget presents a unique challenge. Instead of focusing solely on headcount, view hiring as solving specific problems. A single high-performing hire can outperform several average ones. Identify clear outcomes for each role to guide your search. Consider part-time or project-based options and pay above market rates in lower-cost regions to attract talent. Investing in A players for critical positions leads to long-term growth. Lastly, use trial periods to ensure a good fit before making a significant commitment.
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Compensation Reflects Delivered Value
- Hiring follows a clear rule: you get what you pay for. Underpaying usually produces underperformance, missed deadlines, and high turnover.
Budget For Outcomes Not Headcount
- Treat hiring as solving a specific job, not filling headcount. Allocate budget to achieve the outcome, not to maximize the number of hires.
One Senior Engineer Outperformed Many
- Omar hired a team of bargain developers and faced coordination, missed deadlines, and rework. Later a single senior engineer at double the cost outperformed the whole team.