How Entrepreneurs Recruit Talent

A recent article in Entrepreneur magazine reported that the greatest challenge facing entrepreneurial organizations in 2007 is the ability to hire and retain the right people. The article had two particularly effective suggestions for meeting this challenge: 1) soliciting referrals and 2) hiring interns.

We know first-hand the value of employee referrals. Out of all of the searches we've completed in the past year, nearly 50% of placements have come either from the Commongood Careers network or the network of the hiring organization. When we begin any search, we reach out to our professional and personal contacts to explore their interest in a given position or to find out if they know anyone who might be interested. Besides drumming up buzz about a specific position, this strategy also helps us stay in touch with our networks and develop a talent pipeline.

Hiring interns is another effective way for entrepreneurial organizations to build relationships with developing talent. When hiring interns, it's critical to make sure there is a valuable role an intern can play in your organization. Remember, interns are typically looking for meaningful work experience and exposure to the mission-critical aspects of your organizations. A summer of taking lunch orders or shredding paper is not a meaningful internship. Interns are typically bright and ambitious; employ these talented resources wisely and you may be surprised at what they can accomplish.