What should startups look for from their recruitment software?
Small businesses in Australia account for almost 44 per cent of employment in the country, according to government data. Startups are vital to our economy, however they still fail one after another during their first two years.
In fact, University of Melbourne research shows that 97 per cent of start ups either fail to grow or else exit the market during this early period. A lack of ideas is rarely the problem, but rather issues with finding talent, managing cash flow and administrating.
To help face these challenges businesses need tools that make it easier for them to focus on their strengths. To that end, we’ve looked at what startups should look for in recruitment software.
Low cost and high value
Almost half of small businesses fail due to poor cash flow management, according to data from the Australian Securities and Investments Commission. For that reason new recruitment companies will be cautious of large capital outlays, regardless of how essential they may be.
That’s why in these early stages finding low cost, high value solutions should always be the priority. FastTrack360 is the ideal cloud recruitment software for startups in that regard. The standard package includes most of the platform’s features, allowing you to pay only for what you need at just $100 per user.
You also pay for hours processed at an incredibly low rate, instead of per employee or time sheet. That means if business is slow your costs will be lower.
In these early stages finding low cost, high value solutions should always be the priority.
Versatile and practical
The founder of your average startup recruitment company is often a jack of all trades. The software you use should be exactly the same. Instead of spending more on separate recruitment, time capture, pay and bill platforms, use one end-to-end recruitment software for startups that can handle all of those functions.
This will mean less time spent flicking between interfaces and learning how to use different softwares. You’ll also be dealing with one provider instead of several and you’ll pay one low transparent price. The right end-to-end recruitment software delivers more than just convenience and savings, however.
Using one platform you can search and place candidates, capture and approve their time, then translate that information into payroll and billing. It speeds up the entire process from hiring to invoicing, helping you generate cash quicker and allowing your recruiters to spend more time doing what they’re best at.
Scalable and dynamic
Any startup worth their salt will always have plans to grow. That’s how small businesses improve, become more stable and find a permanent place in the market. However, growth can be problematic.
To ease your business’s growing pains it’s essential to use software that is scalable so that you don’t outgrow it in the long run. FastTrack360 is fully cloud-based and flexible, designed to fulfill the needs of businesses of all sizes, whether they have 10 employees or 10,000.
To hear more about what FastTrack360 can do to help your startup grow, get in touch today.