Tide Emphasizes Precision Hiring for Sustainable Growth in Fintech Sector
Hiring precision, not speed, defines growth for fintechs that build for SMEs, says Tide
The Economic TimesImage: The Economic Times
Tide, a UK-based business management platform for small and medium enterprises (SMEs), highlights the importance of precision in hiring over speed to drive growth. With over 1.8 million SMEs using its platform, Tide reports hiring over 1,280 employees while facing challenges in talent acquisition, particularly in India, where 82% of employers struggle to find skilled talent.
- 01Tide hired over 1,280 employees, averaging 55 days to fill positions.
- 02The company emphasizes precision-led hiring to build strong teams.
- 03In India, 82% of employers face challenges in finding skilled talent.
- 04Tide's acceptance rate for candidates stands at over 86%.
- 05The fintech sector is increasingly competitive, making talent retention critical.
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Tide, a business management platform based in the UK, has shared insights on the importance of hiring precision for growth in the fintech sector. As the company expands its services to over 1.8 million small and medium enterprises (SMEs), it hired 1,280 employees with an average hiring time of 55 days, which increases to 80 days for critical roles. This trend reflects a broader global challenge in talent acquisition, particularly in high-growth sectors. In India, the situation is exacerbated, with 82% of employers struggling to find skilled talent, especially in technology and digital roles, according to ManpowerGroup's 2026 Talent Shortage Report. Neeti Kumar, Head of People at Tide (India), emphasized that prioritizing precision in hiring leads to stronger teams and better service delivery for SMEs. Tide's 'Precision Hiring Framework' focuses on slowing down the hiring process for critical roles, treating hiring decisions as essential to team performance, and integrating HR into core business strategies. With a candidate acceptance rate of over 86%, Tide is committed to building stable teams that can scale sustainably, a necessity as competition in the fintech space intensifies.
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Tide's focus on precision hiring is crucial for SMEs as it directly affects team performance and service delivery, potentially leading to better outcomes for small businesses in India.
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