Did you know that it can cost $30,000 to hire someone in the tech industry?
Let’s say you have a company and you want to hire a data scientist or mobile developer. Maybe you’ll pay them a $100,000 salary. Tech recruitment companies could charge you 30% of that first year’s salary to find you the right person.
Why would you pay this much to hire someone? Well, hiring is complicated.
You want to find the right person, but you might not have the network or the resources to do that. You don’t want to waste your time and end up having to settle for whoever’s available, so that’s why recruiters exist. They’re specialists.
Plus, the best people are going to go to the Googles and Microsofts of the world and if you are a small company, they might not even know you exist.
But there’s gotta be a better way than spending $30,000 to hire someone, right?
That’s what Brian Daley thought when he started his new company SmartRefer, which is the first open-source employee referral platform to leverage blockchain technology.
Brian didn’t start out in the recruiting business, or the tech business, but he always had this philosophy of keeping his options open, and constantly building skills and relationships.
Let’s hear Brian’s personal finance story and how his personal philosophy has led him to where he is today.
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Thanks so much for listening to this episode of The Personal Finance Show.
Next week, my guest will be Ian Clarke, former CFO of Maple Leaf Sports and Entertainment and current CFO of the Greater Toronto Airports Authority.