How To Attract Talent On A Limited Budget

July 25, 2018

It’s important to have a solid team, but how do you get the best while managing around a smaller budget? USA Today explains how to emphasize that there is more to a job than just money, and how to entice them to be open-minded.  

Offer opportunities for growth. Even if you can’t compete with big company’s mid- and high- level salaries, let your candidates know that there is room for growth in the company. Getting your candidate to view the job as a long-term investment in his or her career, and one that's worth giving up the extra money for. 

Your company culture is important to candidates. Show prospective hires that current employees enjoy their work, they’re treated well, and this can contribute to their considering coming on board.  

Employees crave flexibility. You may find that candidates are willing to oversee a lower salary in favor of striking a better work-life balance. 

Offer a substantial amount of time-off, and you may find that candidates choose that over the money. This will also put you on the leading end of a very positive trend.  

Dish out small perks that make working at your company more appealing. Maybe you can’t afford company retreats at a beachy resort or a company car, but you can offer small perks that make working for your company more appealing. For example, provide your team with breakroom snacks and beverages. Let them know that you care about their well-being. Not only will candidates see this as a perk, but current employees will appreciate it as well.  

It can be difficult to attract good talent on a limited budget. That’s why it’s important to get creative so that candidates will look past the money and focus on the big picture.