TalentBuzz Podcast Summary with Guest David McDonnell from Leadfeeder & Echobot
Merger Challenges: Combining Talent Strategies of Leadfeeder and Echobot
- The main challenge was aligning two different talent acquisition strategies from Leadfeeder (remote-first approach) and Echobot (localized in Karlsruhe, Germany).
- An initial assessment was conducted by Gartner to understand the strengths and weaknesses of both teams.
- Leadfeeder lacked early careers and campus functions, while Echobot excelled in this area.
- Echobot lacked experience in international hiring, an area where Leadfeeder had expertise.
Combining Talent Acquisition Teams
- The decision was made to make David the leader of both teams, consolidating talent acquisition under one leadership.
- The team now includes campus and HQ recruitment, focusing on local talent and international hires.
- Future plans include possibly adding a sourcing pillar to aid Talent Partners in building candidate pipelines.
Employer Branding Strategy Post-Merger
- With the merger, the focus is on combining two different brands into one unified employer brand.
- The goal is to leverage Echobot’s strong local presence and Leadfeeder’s international footprint.
- An internal project is ongoing to define the new company’s brand, which will guide employer branding efforts.
Tech Stack Integration: Choosing One ATS
- Each company used different Applicant Tracking Systems (ATS) - Workable for Leadfeeder and Recruiting for Echobot.
- A decision is underway to choose a unified ATS that meets their future hiring needs.
- The aim is to have one ATS but potentially maintain separate licenses until the brand fully merges.
Measuring Recruitment Success
- Key metrics include time to hire, aging requisitions, and candidate and hiring manager experiences.
- Plans to introduce a Net Promoter Score (NPS) system to measure recruitment experience.
- Invested in Screen Loop tool for gathering feedback and data to improve recruitment processes.
Challenges of Remote-First Hiring and Creating a Unified Culture
- Both companies prioritize hiring for culture fit, easing the cultural merger.
- The focus is on maintaining elements of both cultures while forming a new, unified culture.
- Emphasis on flexibility and inclusiveness in the remote-first work environment.
- Leadfeeder ranked highly for flexibility, reflecting their commitment to inclusive and adaptable work arrangements.
Looking Ahead: Priorities for Next Year
- The main focus is on establishing a unified recruitment process and enhancing employer branding.
- They aim to align recruitment processes with the newly formed company’s culture and business strategy.
- Ongoing effort to be a flexible employer, accommodating various definitions of work-life balance.