As a Chicago-based company, it seems like we are always competing with San Francisco and NYC to snag great tech talent.
Jim Dallke highlights the struggle in Chicago Tech Companies Find Creative Ways to Keep Talent From Fleeing to the Coasts, he highlights that "more opportunities and better pay" exist in numbers on the coast but lag in some of the Midwest's largest cities.
Dallke interviewed our own VP of Sales, Kevin Baumgart for his piece, and we identified 3 ways to attract and hold on to your tech talent.
1. Join the local tech community
The first thing you have to do is get the talent's attention. Chances are, the local tech community (like BuiltinChicago and the Illinois Technology Association) will help you locate your next tech hire. Baumgart mentions that "Chicago's tight-knit tech community is crucial for employers to find the right candidates."
If the weekly networking events aren't enough, most tech hubs have a job board where you can pay a nominal fee to post your jobs and source candidates.
2. Give them a piece of the company
When you have their attention, instead of offering them a Silicon Valley salary, offer them equity in your company. Baumgart told Chicago Inno that the key to retaining talent is to give a small percentage of the company to each employee after a certain period of time.
It helps to cement an employee's place in the company and with the potential of a large payout if the company sees success, promises a monetary bonus.
3. Let them work remotely
If all else fails, and you are still threatening to lose your employees to the coast, let them work remotely.
Building a remote culture seems difficult, but providing projects that remote team members can collaborate and work on together will help start a unique culture. Baumgart suggests bringing in your remote workers once a quarter and conduct regular webcast meetings to keep everyone engaged.
Read the full article and get more tips here.
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