Seal the Deal *

Seal the Deal *

Don’t lose candidates at the end.

Finding and recruiting top technical talent is a daunting task, but closing the deal and securing these exceptional candidates is an entirely different challenge altogether. The closing process needs to start early, requires a strategic approach, and involves your whole team. It demands a deep understanding of candidate motivations, needs, and aspirations, and a well-crafted process that addresses these factors.

Understand Candidate Motivations:  Understanding candidate motivations early in the hiring process is crucial. Recruiters or hiring managers should ask the right questions to uncover what candidates are seeking and what they feel is missing in their current role. Identifying key motivators such as challenging projects, career growth opportunities, the chance to manage, or the increased ownership that startups offer. For instance, asking questions like "How will you make a decision when you have multiple offers? What factors will matter most?" can provide valuable insights. Document these conversations and see how you can tailor the interview process and align it with the candidate's desires and aspirations.

Build Trust and Open Communication: If candidates have to constantly chase recruiters for updates and feel that they aren't being kept in the loop, they won't feel comfortable sharing important updates on their end, such as receiving unexpected counter offers. To avoid this, recruiters need to establish trust and rapport through open and transparent communication. Offering candidates helpful resources, conducting interview prep calls, and providing feedback from early interviewers are crucial steps in building that relationship. By fostering a strong rapport, recruiters can create an environment where candidates feel valued and are less likely to ghost or disengage from the process.

Elevate the Candidate Experience: When candidates start the interview process, they already have some impressions of your company. If your brand conveys a fun and transformative atmosphere, your interview process should align with this image and highlight the company's mission and values. Your objective during the interviews should be to create a positive candidate experience that leaves a lasting impression. It's the power of a few key moments that will set you apart from competitors. For example, arranging a 15-minute meeting with the CEO at the end of the day, offering a product demo even if it hasn't been launched yet, taking the candidate to dinner, or designing interview scenarios that reflect the real challenges employees face in their roles. When candidates discuss their interview process with friends later on, you want them to have tangible and memorable experiences to recall.

Always Be Selling: Waiting until the end of the interview process to sell a candidate puts you at a disadvantage. Interviewers should dedicate the last 5-10 minutes of the call to both answering candidate questions and actively selling the company. Encourage interviewers to share their personal experiences, including why they joined the team, what excites them about the upcoming 6-12 months, and any surprising discoveries they've made since joining. It's important to acknowledge that interviewers may need guidance on how to effectively sell the company, so consider providing training and creating an internal document that outlines your company pitch. By incorporating selling into the interview process, you enhance the candidate's understanding and enthusiasm for the organization.

Highlight Career Development and Growth Opportunities: It is essential for candidates to have a clear understanding of their potential fit within the organization and be able to envision themselves working there. To accomplish this, it is important to outline clear career paths and advancement opportunities during interviews. Provide specific details about the challenges or technical problems the candidate could tackle and how their contributions would align with top-line goals. It is crucial for the hiring manager to thoroughly consider these aspects and effectively communicate them to the candidate. If the candidate aspires to pursue managerial roles in the future, discuss the possibilities within the team and outline the steps they can take to reach that goal. Be as specific as possible in describing the potential trajectory and growth opportunities within the organization. This level of clarity allows candidates to visualize their future with the company and enhances their engagement and interest in the role.

Employ Swift and Efficient Decision-Making: Don’t make candidates wait over a week to get a decision. Streamline the hiring process to minimize delays and unnecessary steps, and let candidates know what the process will look like ahead of time. Making prompt decisions and providing timely feedback keeps candidates engaged and makes them feel like a priority. 

Competitive Compensation and Benefits: While offering a competitive salary package that aligns with the candidate's skills and market value is crucial, it's equally important to understand what matters to the candidate in terms of cash, equity, benefits, recognition, and additional perks. Gathering this information early in the process is essential. If the candidate is hesitant to disclose their desired salary range, proactively share your budget or the average range for recent hires. This prevents wasting time by reaching the end of the process only to discover a significant gap in salary expectations. Additionally, it is essential to have a compelling equity narrative. Companies that effectively communicate the potential upside of their equity offering are more likely to attract candidates. Therefore, ensure you articulate the value and benefits of equity ownership within your organization. By understanding and addressing the candidate's compensation preferences and showcasing the appeal of your equity program, you enhance your chances of attracting and securing top talent.

Counter-Offer Management: Anticipate that you’ll need to modify offers so identify potential counter-offer risks and proactively address them. By asking relevant questions early in the process and maintaining engagement with candidates, recruiters can gain a thorough understanding of the candidate's current situation and effectively address any concerns or uncertainties. These crucial conversations should take place between the candidate and various stakeholders, including the hiring manager, skip level, CEO, or even board members. This comprehensive approach ensures that all parties are aligned, potential obstacles are mitigated, and the offer negotiation process progresses smoothly. Being proactive in handling counter-offer scenarios contributes to successful candidate closures and minimizes the risk of losing top talent.

Remember, closing top technical talent requires a thoughtful and strategic approach that goes beyond just making an offer. By considering these key elements, you will increase your chances of successfully securing the best candidates for your organization. If you want help in developing these elements, reach out today.

Always be selling

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Build Trust

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Outline career paths

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Always be selling 〰️ Build Trust 〰️ Outline career paths 〰️