How Can We Hire the Right Talent on a Tight Budget for Our Growing IT Company?

Thank you for providing me with this opportunity where I can easily ask my query to the experts. This is my first time, so I will try my best to express my concern in complete detail. I am working in a small-scale company in the IT industry, and it's a growing company. My concern is regarding the hiring process for different profiles. We want to find good candidates while minimizing costs for the company.

Options for Hiring Efficiently

To my knowledge, I have three options: using social and professional websites, purchasing a database package, or hiring a consultant for recruitment. Consultant fees are high, and job portals' data are not providing accurate candidate matches. The last option is posting the job description on various websites, but here lies the issue of receiving a limited number of applications.

Overall, I am in a confusing situation where I am struggling to understand the most efficient approach for our growing company with a limited budget.

The best solution is to create your database of institutes and go for campus recruitment. Several institutes complain that their placements are not done. You will have a very good choice, and moreover, you can also take assistance from the faculties of the institutes/colleges to seek feedback from the shortlisted candidates regarding their behavior, strengths, and weaknesses.

Wishing you every success.

Thanks,

Madan Salgaunker [Phone Number Removed For Privacy Reasons]

Optimizing Recruitment Budget

You need all - portals, consultancies, and networking sites. Divide your recruitment budget accordingly. Maybe allocate 50% for portals, 30% for consultancies, and 20% for online and print ads.

According to me, social media is also a very good option when it comes to hiring. For IT firms, there are lots of forums available. Once you start uploading your jobs, you will start getting responses on the same.