Startups need to apply the same kind of rigour to recruiting as they do to sales and marketing. -Omer Tadjer, CEO, Comeet
Palo Alto, Calif (PRWEB) November 04, 2015
The scarcity of women applying for technical positions, two month averages to fill positions, and the enduring value of personal referrals are several findings contained in a new report by Comeet, which details how Israeli startups find talent to pursue global opportunities.
The findings are part of Israeli Startup Recruiting 2015, a new report detailing the talent acquisition realities for Israeli startups as they try to emulate the earlier successes of CheckPoint, Waze, Chromatis Networks and Wix. Comeet published the report after analyzing more than 100,000 applications processed through its collaborative recruiting system.
“With a thousand new startups launching annually, Israeli companies have to compete for talent because the demand curve strongly favors candidates,” said Comeet CEO Omer Tadjer. “Startups need to apply the same kind of rigour to recruiting as they do to sales and marketing, aggressively creating visibility and awareness in the market, while building referral networks.”
Israeli Startup Recruiting 2015 Highlights
Gender Balance: Females represent <20% of applicants for technical positions
Gender imbalance is particularly evident among applicants based on job category. Far more women (60%) applied for administrative jobs, compared to the low (18%) representation among technical openings.
Sourcing: Referred candidates are 4X more likely to be hired
Despite the buzz around Social Recruiting (primarily Linkedin and Facebook), job boards (40%), agencies (31%), and referrals (9%) continue to be the best candidate sources. Personal referrals are the most productive source; with 9% of total applicants but 35% of hires. All companies should implement a formal referral program incorporating automated source attribution and success bonuses, while leveraging employees’ social graphs to reach potential candidates.
Top Israeli job boards and agencies for startups
With referrals a very limited resource, startups typically look to agencies and job boards to source candidates. Here are the top agencies and job boards ranked by the number of relevant applicants (passed initial CV screen):
Interviewing: It’s long and expensive
Companies invest significant time and resources in interviews, whether by phone or in-person. For example, companies conducted an average of 24 interviews for every technical position. Hiring teams invested an average of 78 hours on recruiting processes; from screening and coordinating, to interview prep and follow-up. The aggregate value of this interviewing time exceeds $2,500 per position.
Average time-to-hire is 61 days, while average apply-to-hire is 30 days. Both averages increase for technical jobs and decrease for administrative positions.
Report Available for Download
The complete Israeli Startup Recruiting 2015 report can be downloaded at http://get.comeet.co/Israeli-Startup-Recruiting-2015
The report analyzed 103,425 job applications submitted between November 1, 2014 and June 30, 2015 to 98 startups headquartered in Israel. The majority are in IT and digital media industries. Most employ 50-500 employees, and annually fill 45-75 positions.
With headquarters in Silicon Valley and R&D operations in Tel Aviv, Comeet provides a collaborative recruiting platform to companies looking to quickly build high-performance teams. Blending applicant tracking and collaboration functionality in an elegant, user-friendly system, Comeet connects, coordinates and automates every source-to-hire step of talent acquisition. Customers include ironSource, Sodastream, Fiverr, Gett, and Appsflyer. Visit http://www.comeet.co to learn more.