The Power of Referral-Based Hiring
Håkon Høgetveit believes that referral-based hiring is the most effective recruitment strategy for modern businesses. Traditional methods, relying on cold applications, are becoming obsolete, especially in tight-knit communities like Oslo. “People don’t apply for jobs the way they used to. They hate the forms, they hate the black-box experience,” says Håkon. He emphasizes that recruiting through trusted networks leads to more reliable and successful hires, a lesson he learned firsthand from building companies. Vouch capitalizes on this, creating a platform that systematizes referrals, providing a seamless experience for employers.
AI Enhances but Doesn’t Replace the Human Touch
While AI is increasingly playing a role in recruitment, Håkon emphasizes the need to maintain a human element. “It can write job ads, craft cover letters, and even screen candidates,” he notes. Despite these advancements, the personal touch remains crucial for truly understanding and connecting with applicants. However, he sees the risk of losing the human connection, which can negatively impact hiring. At Vouch, they use AI to optimize processes but ensure that trust remains the key factor. “People still hire people they trust,” Håkon adds, emphasizing that Vouch blends technology with personal connections to create an ideal hiring platform.
Why Traditional Application Systems Are Failing
Håkon explains how the job application process has become tedious for both applicants and companies, especially as the market becomes flooded with unqualified candidates. “We’re seeing companies overwhelmed by hundreds of applications, many of them not qualified,” he explains. AI tools can even spam these systems, creating a backlog of applications that are often ignored. By focusing on referral-based hiring, Vouch eliminates these issues and helps companies hire with confidence. The platform ensures only relevant, pre-vetted candidates are considered.
Building a Community-Centric Business Model
Håkon’s entrepreneurial journey has always involved community-building. With Vouch’s referral-based hiring model, he’s fostering a network of trusted relationships that fuel recruitment. “We’re building a user base of people referring people they know and trust,” he says. This community focus doesn’t just streamline hiring; it creates a more supportive and dynamic ecosystem. Whether it’s supporting fellow founders in Oslo or investing in other startups, Håkon is dedicated to strengthening the entrepreneurial network, which is essential for success in smaller startup hubs like Oslo.
Challenges of Entrepreneurship in Norway
As a founder in Norway, Håkon has faced challenges related to taxation and regulation, particularly around startup exits. “The Norwegian tax model challenges founders, especially when wealth is tied up in startups,” Håkon explains. The wealth and exit tax system can make it harder for entrepreneurs to reinvest in their businesses, affecting growth. Despite these obstacles, Håkon remains hopeful, thanks to efforts from local organizations and initiatives that are working to improve conditions for startups in Norway. He believes in the importance of a supportive ecosystem to help founders navigate these difficulties.
Find Håkon on:
LinkedIn: Håkon Høgetveit
Website: vouch.careers
Find Ben on:
LinkedIn: Ben Costantini
Twitter/X: @bencostantini
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