It is the desire of every Web3 company to hire top talent in a time-efficient way. Moreover, the hiring process should not be costly. In this article, we will discuss five effective ways a Web3 firm can adopt to recruit the right candidates.
Pain Points of Hiring in the Web3 Space
The hiring process in Web3 has numerous challenges, including:
Shortage of qualified candidates – Considering that Web3 is in its early days, only a few candidates have the right skills to work in this nascent space, thus making the hiring process difficult.
No standardization of qualifications – Currently, there are no unified frameworks for qualifications in the Web3 industry. Most blockchain companies judge ability levels using conventional qualifications, which sometimes can prove to be insufficient.
Massive competition for talent – As mentioned above, qualified candidates in Web3 are scarce. This has led to increased competition for talent among crypto companies. Startup firms struggle to keep top talent when established ones come knocking on their door.
Assessing complicated skills – The Web3 space is full of complex technicalities. This makes it difficult for a hiring team to determine if a particular candidate actually possesses the skills to handle all the technicalities.
Creating a unified, diverse team – Web3 companies hire candidates to carry out different tasks. If a hiring team is unable to assemble a team with the required skills and character, it can cause project delays.
Retaining top talent is challenging – A crypto company is likely to lose its top employee to another if it cannot march the higher pay promised to the talent by its rival.
Keeping up with evolving technology – Web3 is evolving rapidly, making it challenging for employers to stay informed of the latest technological developments. This also means the hiring criteria used now may not be effective in a few months.
5 Recommended Ways for Hiring in the Web3 Industry
Utilize a Dedicated Web3 Job Board
There are several Web3 job boards today. One of the most popular is BeInCrypto jobs. These hiring platforms give you access to a vast pool of top talent, from Web3 designers to core developers. Moreover, considering that Web3 job boards do not have geographical limitations, you can easily access top talent from anywhere in the world.
But do you incur a fee to list a job position on these boards? Most Web3 job boards do not charge a dime, but some may ask you to pay a small fee.
Explore Referral Programs
One of the ways to hire candidates cost-efficiently is through employee referrals. Candidates recommended by existing employees are likely to possess the right skills since the employees have already vetted them. Additionally, referral programs play a massive role in talent retention as they make employees feel involved in key decisions that shape a company’s future.
Instead of spending money to advertise a job vacancy, you can host webinars on various online platforms to talk about your team and its achievements. By doing so, you are likely to attract suitable candidates who want to join your winning team.
Forge Partnerships With Learning Institutions
As a Web3 company, you can collaborate with colleges and universities to conduct mentorships, workshops, and lectures. This will give you early access to highly skilled graduates interested in entering the Web space.
Workshops help you to demonstrate the values and culture of your company. Mentorship initiatives, on the other hand, can forge deeper relations with potential job candidates as you play an active role in guiding them to navigate the Web3 space.
Utilize Non-Web3 Job Boards as Well
There is a chance that some of the qualified candidates may not know about Web3 job boards. For this reason, sharing your company’s job listing on free-to-use conventional job boards like LinkedIn is advisable.
You no longer have to break the bank to hire top talent for your Web3 company. Simply use any of the five strategies discussed above.
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