The glory days of the pre-DotCom burst are more than a decade behind us, but the high hopes of Silicon Valley entrepreneurs continue to soar as America’s brightest minds continue to invent and innovate.
In years past, tech founders could attract top engineering talent almost exclusively on the promise of equity and a future IPO, but as this story suggests, the promise of a crazy-big IPO payday is no longer a realistic recruiting tool.
So demand for high-tech solutions hasn’t slowed, but a major recruiting and retention method is no longer viable. What’s the tech entrepreneur to do?
Fortunately, it’s possible to attract an maintain talented people with non-monetary means. We recently discussed 6 keys to attracting top talent without promising more money on our company blog, Managing Mankind. Following these 6 principles, leaders in Silicon Valley (and anywhere, for that matter) can continue to find extremely talented employees without the allure of a big IPO.
In the long-run, sustainable recruitment processes will strengthen a company for long-term growth much more effectively than the promise of a big payout over the short-term.
Welcome to my blog. I am the Chief Marketing Officer of Profiles International and I am fascinated with strategies and tactics for leading organizations through insanely difficult events.
