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  Anyone who’s grown their FinTech startup beyond just a couple of founders knows that finding the right people can be difficult. There’s no shortage of CVs. But the truly skilled who comfortably work at the intersection of finance and technology are in short supply. You wind up either struggling with high employee churn or spending scarce resources on bringing hires up to speed.
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If you’re building a FinTech and you’d like to avoid the headache that comes with discovering quality talent, here’s how you should go about hiring them:

Define Your Needs and Culture

Before you go about scouting for team members, it’s important to define your needs and culture. Consider the skills and experience required for the roles you’re looking to fill. Think about the company’s goals and values and how candidates will fit into the team. Having these sorted out is crucial because it’ll help you identify candidates who align with your values.

Use Multiple Channels for Job Posting

To reach a wider pool of candidates, use multiple channels to advertise your job openings. There’s nothing wrong with calling for applications on LinkedIn or your own website. But try forums frequented by techies as well. Such communities will likely have people in them who are a great fit for your vacancies. You may also use networking events and referrals to reach potential candidates.

Utilize a Pre-Screening Process

Pre-screening candidates can save you time and effort by weeding out unqualified applicants. Create a pre-screening process that evaluates a candidate’s qualifications and experience. This can include phone or video interviews or online assessments.

Be Transparent About Your Hiring Process

If you’re known to be transparent with hiring, the tech community will consider you a professional outfit—and will take your calls for application more seriously. Be clear about the steps involved in your hiring process and the timeline for each step. Candidates appreciate knowing what to expect and when they can expect to hear back from you.
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Showcase Your Company’s Value Proposition

Your startup isn’t the only one that’s hunting for talent. So, you’ll need to stand out from the pack, as you would want to when you’re selling your product. What sets your company apart from the competition? What are the benefits of working for your FinTech startup? Highlight your unique selling points to attract and retain top talent.

Offer Competitive Compensation and Benefits

Talented people know that they’re good at their job. And they want to receive remuneration that reflects this. Do what you can to provide attractive compensation. This isn’t just about salaries; a decent package will include health insurance, stock options, and more.

Emphasize the Opportunity for Growth

Many candidates are looking for opportunities for growth and development. Emphasize the potential for career advancement and professional development within your company. If you offer mentorship programs, training opportunities, and a clear path to advancement, you’ll convince a good number of smart people to join you.

Assess Cultural Fit

Don’t overlook this; it’s an aspect of your organizational makeup that your hires must conform to if they’re going to help your startup succeed. During the interview process, assess whether candidates align with your company’s values and culture. Consider asking questions that explore their work style and communication skills. If you nail this, you’ll have a team that can take your startup to great heights.
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Final Words

Hiring top talent for your FinTech startup requires a well-defined strategy and a commitment to transparency, competitive compensation, and cultural fit. Follow the steps we’ve laid out in this article to attract and retain the best talent for your company. Featured Image Source: weareacg
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This article was first published on 9th May 2023


Ikenna Nwachukwu holds a bachelor's degree in Economics from the University of Nigeria, Nsukka. He loves to look at the world through multiple lenses- economic, political, religious and philosophical- and to write about what he observes in a witty, yet reflective style.

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