Introducing FLEX™ by Bitcoin Talent Co.

Since officially launching at the beginning of 2023, we’ve been hard at work helping Bitcoin companies to identify, attract, and onboard top talent. Despite the technology sector experiencing 300,000 layoffs in the first six months of this year, we have already successfully executed a wide range of searches for not just technical talent, but across sales, marketing, and finance roles too, and from individual-contributors to C-Level executives. We are proud to call market-leading companies like Unchained, Stakwork, Relai, and many more partners and clients.

Our core service offering to date has been retained search; but as we seek to build the all-encompassing Talent Operating System for the Bitcoin ecosystem, we strongly believe that full-time hires are just one component of a successful company’s workforce. Seeking to meet the market and its demands, we are excited to launch a new service – FLEX™ by Bitcoin Talent Co.

What is FLEX™?

Put simply, FLEX™ is flexible talent that augments your full-time workforce. It is contract work, advisory work, and fractional-exec services offered for fixed-length engagements at a flat fee. We handle all paperwork, billing, and payroll, eliminating as much of the hassle as possible so Bitcoin startups can focus on building their product or service with the additional support they need minus all the extra headaches involved.

What Led to FLEX™?

Our core service offering since launch has been retained search for full-time hires ranging from individual contributors to executives under every function. While talking with dozens of founders and senior leaders in the Bitcoin ecosystem about full-time hiring needs, we found flexible support to be equally needed, especially in times when the cost of capital is high, funding is constrained, and reducing burn is a necessity.

To help some of our earliest clients, including TFTC and Onramp, complete shorter-duration projects, we quickly matched them with a range of flexible talent from interns to mid-level designers in our proprietary talent pool. Choosing to employ flexible talent allowed both of these companies to save costs during the early stages of company growth so they could meet the salary expectations of key full-time hires when the timing was right.

Since then, we have been steadily building a bench of high-caliber talent across multiple disciplines like Engineering, Design, Sales, Marketing, and Operations to support more flexible hiring needs from our current and future clients. This talent is a pre-vetted and hand-selected group of passionate Bitcoiners who have previously supported well-known companies like Unchained, Swan, BTC Inc., Trezor, and River. Now, our flexible talent pool is ready to support additional Bitcoin companies that need it.

Why FLEX™?

At the earliest stages of company building, it would be ill-advised to spend precious financial capital on building too large a team. Speed and flexibility are sacrificed too early and you also assume all of the costs that full-time employees incur beyond their salaries alone. These costs can include payroll taxes, healthcare costs, equity compensation, and much more. In many jurisdictions around the world, terminating full-time employees can potentially open you up to significant costs as well. Talent offered by FLEX™ eliminates all of this headache, however. You simply set a budget for a specific deliverable and get matched with the right contributor or contributors who will focus on executing.

Furthermore, we have seen an increase across all industries in both the number of part-time or otherwise flexible opportunities offered by companies as well as the number of job seekers who prefer this type of work. This trend shows no signs of slowing, with nearly half of Millennials and Gen Z’ers alike having worked freelance jobs in 2022. When you add a company’s ability to pay and a worker’s desire to earn in Bitcoin, the most decentralized and borderless form of money in existence – not to mention the most pristine way to store the value of one’s labor, an increasingly global talent pool seeking flexible work opportunities will only continue to grow exponentially.

Ready to Use FLEX™?

With the cost of capital being at its highest level in decades and inflation continuing to run unabated, using flexible talent is a certain solution to keep your business lean. Rethinking hiring in the new age of remote work to include a delicate balance of both full-time and flexible, short-term assistance will produce outsized returns for your business. Leveraging this hiring strategy is the proven way to successfully build a modern business.

FLEX™ is now officially live for all companies building products and services on Bitcoin. Visit www.BitcoinTalent.co/FLEX to learn more and get in touch with a member of our team.

-Andy Thompson, CEO of Bitcoin Talent Co.

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