September 13, 2012

Cover Story

CEO of the Year

Utah’s business landscape is rich with professionals who have le...Read More

Featured Articles

Did you go Skiing this winter?

Around Utah


Martin Plaehn

Karen Sendelback

Legal Briefs
Social Media and Employers: Friends or Enemies?

Money Talk
The Case for HSAs

Economic Insight
Time to Show Up

Lessons Learned
Make a Move

In the Lab

Rent to Own

Business Trends
Back from the Dead

Living Well
Artful Inspiration

A Breath of Fresh Air

Worst-Case Scenario

Regional Report
Northern Utah

Measure Up

Industry Outlook
Travel & Tourism



Finding Top Talent is Trouble for Utah Entrepreneurs

Di Lewis

September 13, 2012

While capital is still sometimes hard to round up, the real problem for Utah entrepreneurs is finding, recruiting and keeping top talent, said a group of experts at Utah Business magazine’s entrepreneur roundtable Wednesday morning.

AtTask Chairman Scott Johnson said pressure from Bay area companies has pushed up base salaries for his company by 8 percent in the last six months. He said those other companies “set their sites on Utah talent and this burgeoning tech hub we’ve got at the Point of the Mountain. And at least for us, trying to hire experienced, top-tier talent has gotten really tough.”

The tech talent pool is leaving the state, agreed Robb Kunz, Boom Startup co-founder.

Not only are people leaving Utah, but it’s hard to recruit people to the state, said Adam Zlovik, Bankado founder. “It’s harder to attract people to come here than it is to get them to stay here once they’ve been here.”

Part of that issue is the impression people have of the state, and part is infrastructure issues for the potential hire’s family.

Hal Widlansky, president and COO of Radiate Media, said he is flying to San Francisco this week to recruit someone. To do that, he said he’ll have to convince his recruit that schools are good here and his kids will get a good education.

“There’s a lot of infrastructure stuff that on the surface is pretty problematic. We’re 50th out of 50, by a wide margin, in per pupil spending. Classes are large. There are a lot of things in infrastructure that we as a state are choosing to not address and have been for several years that make it challenging to get folks to get over the hump to consider moving here.”

He said, “It’s a systemic problem… that limits our ability to get people who care about things like education. And – newsflash – smart people who do great jobs at a high level in companies care about education for their kids.”

Utah can also be a difficult place for spouses or single people to move because there can be a big cultural gap between the state and Silicon Valley that makes people feel “culturally isolated,” said William Borghetti, Sendside CEO.

Tech companies are putting so much effort into hiring because it’s expensive for a small company to make a wrong hire at any level of the company, Borghetti said.

But talent isn’t the only challenge entrepreneurs face. Companies still struggle with capital, particularly when looking for mid-range investment. While good ideas will always attract capital, Borghetti said getting funding in the $3 million to $8 million range is extremely difficult.

Most people said the trouble hasn’t been caused by the economy though. However, Slovik said the recession has made people less willing to take risks, so it is largely very young people lacking experience who are starting companies.

“They don’t understand how the payables department at a Fortune 500 works and how to improve that,” he said. “… How about we find something with a real ROI that will be attractive to real companies?”

The Utah entrepreneurial community will have to overcome some of these challenges before they can really grow the way they want to.

The full story will be in November’s issue of Utah Business.

Utah Business Social
UB Events View All
Fast 50 Utah Business Event
Aug 27, 2015
The top 50 companies will be selected based on a combination of revenue growth and revenue genera...
Job Summit - POSTPONED UNTIL FALL 2015 Utah Business Event
Sep 24, 2015
NOTE: The date listed below is not secured. We will update as the event gets closer. Thank you ...
Community Events View All
WorldQuest International Trivia Competition
Jul 31, 2015
Join us for Utah's WorldQuest - an international trivia competition! WorldQuest challenges you to...
Real Pirates
Aug 1, 2015
Batten Down the Hatches….the Pirates are Here! Listen up, you salty sea dogs! Real Pirates is...  |  90 South 400 West, Ste 650 Salt Lake City, Utah 84101   |  (801) 568-0114

Advertise with Utah Business

Submit an Event

* indicates required information
* Event Name:
Price (general):
Website (if applicable):
Coordinator's Name:
Coordinator's Email:
Coordinator's Phone:
Venue Name:
Venue Address:
Venue City:
Venue Zip:
Event Capacity:
* Event Description: