…Despite lacking resources, brand name, and job security of larger firms, start-ups are incredibly alluring — in fact, they get away with paying average salaries that are often 30 percent below market.
How do start-ups accomplish this? We’ve noticed two main trends. First, start-ups have mastered the art of marketing themselves effectively toward millennials (many are run by them). Job descriptions and career pages at start-ups tend to emphasize meaning and impact. For example, a recent job ad by the dating start-up Grouper (which you can see online here) promises that work there will let you make a “dent in the universe.” The implication is twofold: that the world will benefit from your work, and that there’s personal glory in it for you.
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At Amicus, a different start-up that uses technology to help non-profits raise money more effectively, the first thing candidates see when they reach the careers page is that a cow will be donated in their name if they’re selected for the job. This appeals to recent graduates’ sense of humor and humanitarianism.
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Read the full article at Harvard Business Review, written by the founders of HireArt