With start-ups being the buzz word, industry is witnessing employee movement, especially in the mid-to-senior-level, from established organisations to new age ventures, say experts.
“There has a lot of movement of employees from well-established companies to start-ups, primarily because of the value proposition that they get offered in terms of pay-package, roles and responsibilities, and future career graph,” PeopleStrong HR Services co-founder and CEO Pankaj Bansal told PTI.
“From what we have seen, employees from well established FMCG, consulting firms and IT firms are moving to start-ups,” he said.
This shift in preferences can be clearly attributed to “meaningful aspirations” that the young generation has from their work and workplaces, he pointed out.
Increased funding Nicolas Dumoulin, India Regional Director of Michael Page, a recruitment firm, said funding for start-ups has increased significantly through private equity and venture capital.
“This results in more ambitious growth plans for start-ups. This is mainly in the technology or e-commerce space. As a result, budgets for hiring have increased significantly.
“Both higher growth prospects and higher budget availability are resulting in these start-ups being empowered to hire more talented people,” he pointed out.
GlobalHunt Managing Director Sunil Goel said in terms of hiring trend, professionals who joined start-ups are either at the earlier stage of their careers or the ones those who have done extremely well in large corporations and would have spent almost 15 years in the industry, now willing to risk themselves with the start-ups.