Hiring talented resources can be more challenging than it seems. As entrepreneur and author Vivek Wadhwa aptly put it, "Recruiting talent is no different than any other challenge a startup faces. It's all about selling."

Bringing valuable members onto your team requires significant time and financial investment. For instance, a report by SHRM indicates that the average cost per hire in the U.S. is approximately $4,700.

Read More - Five Ways To Streamline Recruitment Using Technology