In this episode of the Thoughtful Entrepreneur, your host Josh Elledge speaks to the Founder & CEO of
RecruitGyan,
Neha Naik.
Neha, the dynamic leader of RecruitGyan, explained that her company primarily works with tech startups, helping them scale their teams and find the right talent. They also extend their services to enterprise companies and individuals seeking career transitions. With a focus on roles in product engineering, product management, product design, UI/UX, and data science, RecruitGyan is a crucial player in the tech recruitment industry.
Neha advised against treating hiring as a last-minute triage situation and emphasized the importance of creating a strong first impression. She suggested being active on a chosen social media platform and offering competitive benefits and compensation to attract high-calibre candidates. Nia believes that if companies pay below market value, they will struggle to attract the desired talent and may become stuck in a frustrating cycle.
Neha observed that many companies are transitioning from fully remote to either entirely in-person or a hybrid model. However, she warned that abruptly moving to an in-person work environment without any transition period can lead to employee turnover. People have grown accustomed to the flexibility of remote work and prefer working from anywhere at any time.
To address this, Neha suggested a shift in measuring employee performance. Instead of focusing on the number of hours worked, she recommends evaluating output based on milestones and the quality of work produced. This allows employees to have more flexibility in their work hours while still being accountable for their deliverables.
Key Points from the Episode:
- Discussion on the current job market and the impact of layoffs
- Strategies for attracting and retaining top talent
- Focus on roles in product engineering, product management, product design, UI/UX, and data science
- Companies scaling back after the initial push for remote work during the pandemic
- Caution in hiring due to the impending recession and focus on profitability
- Importance of creating a strong first impression and being active on social media
- Offering competitive benefits and compensation to attract high-caliber candidates
- Transition from fully remote to in-person or hybrid work models
About Neha Naik:
Neha Naik is a multifaceted entrepreneur who has founded and led three thriving businesses. Her achievements span a successful recruitment agency, a sleep consultant firm, and a data analytics enterprise. Notably, Neha is an esteemed member of the Forbes Business Council, an exclusive community for accomplished small and mid-sized business proprietors.
As the CEO of RecruitGyan, a specialized recruitment boutique, Neha focuses on aiding hyper-growth tech startups in assembling and retaining top-tier teams. Her strategic recruitment and retention strategies have yielded impressive results, boasting an average 92% fill rate, a 65% surge in hiring pace, and a reduction of turnover from 54% to 21%.
With over ten years of experience collaborating with Fortune 500 corporations and startups in end-to-end recruitment processes, Neha extends her insights into technology recruitment and business trends through various platforms.
About RecruitGyan:
RecruitGyan is a pioneering force in the evolving recruitment landscape, catering to the changing dynamics of the business world. Addressing the contemporary candidate-oriented market, RecruitGyan specializes in aiding startups to attract, nurture, and advance top-tier talent, catalyzing company expansion through a workforce aligned with a forward-looking vision and strategically engaged investors.
Recognizing that startup success hinges on more than just financial incentives, RecruitGyan emphasizes the significance of a comprehensive mission and vision reflecting a business's core essence and the desired cultural environment. With a keen awareness of the urgency in today's competitive environment, RecruitGyan supports startups in forging robust connections with committed investors and building enduring teams.
For startups navigating times of uncertainty, RecruitGyan offers expert guidance in employee transition planning, enabling leadership to foster a resilient company with motivated personnel. Additionally, their "Start Smart Recruiting Solutions" presents a 6-week high-touch consulting package from a decade of successful recruiting practices by Neha Naik.
This package has consistently delivered impressive results, boasting a remarkable 92% average fill rate, a 65% surge in hiring rates, and a remarkable turnover reduction from 54% to 21%. RecruitGyan empowers startups with strategic recruitment approaches that fuel their growth trajectory.
Tweetable Moments:
06:30 - "It's always cheaper to keep your current customer happy than to acquire a new customer, and the same thing goes for recruitment."
10:18 - "People have fallen in love with the flexibility to be able to work from anywhere at any time.”
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Links Mentioned in this Episode:
Want to learn more? Check out RecruitGyan website at
https://recruitgyan.com/
Check out RecruitGyan on LinkedIn at
https://www.linkedin.com/company/recruitgyan/
Check out RecruitGyan on Instagram at
https://instagram.com/recruitgyan
Check out RecruitGyan on Facebook at
https://www.facebook.com/recruitgyanhr
Check out Neha Naik on LinkedIn at
https://www.linkedin.com/in/neha-dixit-naik/
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