seventy four percent senior professional Would prefer to work for a startup instead of a big corporate for the better Development Opportunities, according to a survey by CoffeeMug, AI, a community of more than 250,000 founders, investors, CXOs and business leaders.
Senior professionals say start-ups have better growth opportunities and diverse experience
After surveying more than 1,250 senior professionals, the report yields important insights against a backdrop of senior-level professionals’ preferences big change in India. More than half of the respondents (57%) also claimed that more diverse experiences attract them to start-ups. 53% of leaders said they would prefer start-ups Corporates Based on the impact they can make in the workplace.
Other factors that play a role include flexibility, culture, and flat hierarchies. This clearly highlights the factors that start-ups need to focus on while formulating their talent acquisition strategy.
“By 2022, the start-up and corporate markets are betting big on hiring top talent to offset the growth lost during the pandemic period. What started as great resignations turned into great reshuffles This is because professionals have their choice of amazing offers, both new and established companies,” said Abhishek Sharma, co-founder and CEO of CoffeeMug.ae.
What can start-ups offer?
The top three decision-making factors as per the report included the business idea (79%), the founder’s profile (67%), and the growth trajectory of the start-up (62%).
“Due to the buzz that has arisen over the years, senior members have started giving preference to startups. The kind of salary startups are paying and the rate at which they are growing is instilling confidence in senior professionals, who are now Prioritizing start-ups, said Kamal Kishor Kumawat, co-founder of Adjustify.
Takeaway for Corporates
While start-ups have talked about senior professionals choosing the next step in their career path, there is much corporates can do to reverse it. Top factors included leadership position (53%), work-life balance (46%), and perks and benefits (42%). The focus on these attributes can help corporates to manage and retain their senior professionals in the current scenario.
focus on flexibility
The foundation of New Age talent prioritizes a positive work-life balance, which is why resilience has become a key factor for retention. According to the survey, 87 percent of senior professionals agree that flexibility is important to them. In addition, flexibility in working time (69%), flexibility in work location (60%), and process of work (57%) also influences start-ups and corporates as determining factors for retaining talent. Is.
long term goal
47% of the respondents want to start their own ventures, while 37% want to rise through the ranks and be in CXO positions in the long run. In a lucrative start-up environment like India, it is no surprise that most senior professionals aim to become founders themselves.
two different types of senior professionals
“Nowadays there are two types of senior professionals – professionals below 40 years of age who have around 10 to 15 years of experience and an excellent pedigree in terms of education with fairly high compensation packages – usually 60 lakh to 1 crore. More and better ESOPs. Such candidates are more than happy to take leadership positions in high-growth startups. They won’t really fit into larger traditional organizational cultures or corporates. Other senior professionals are in their 40s and 50s and mostly traditional Work in companies and have risen to the top management level. They prefer job security and traditional organizations and corporates. Even if some are open to the startup idea, they want assurance on funding and then they mostly end up as cultural misfits at a company where the average age is in their late 20s or early 30s. Senior professionals in the upper age group want a stable company that is well-financed. Be nurturing and love working with large teams. Founder and CEO of The Recruiter Chief Executive Officer Shantanu Saha said, “Younger-aged professionals prefer fast-growing companies.”
Senior professionals say start-ups have better growth opportunities and diverse experience
After surveying more than 1,250 senior professionals, the report yields important insights against a backdrop of senior-level professionals’ preferences big change in India. More than half of the respondents (57%) also claimed that more diverse experiences attract them to start-ups. 53% of leaders said they would prefer start-ups Corporates Based on the impact they can make in the workplace.
Other factors that play a role include flexibility, culture, and flat hierarchies. This clearly highlights the factors that start-ups need to focus on while formulating their talent acquisition strategy.
“By 2022, the start-up and corporate markets are betting big on hiring top talent to offset the growth lost during the pandemic period. What started as great resignations turned into great reshuffles This is because professionals have their choice of amazing offers, both new and established companies,” said Abhishek Sharma, co-founder and CEO of CoffeeMug.ae.
What can start-ups offer?
The top three decision-making factors as per the report included the business idea (79%), the founder’s profile (67%), and the growth trajectory of the start-up (62%).
“Due to the buzz that has arisen over the years, senior members have started giving preference to startups. The kind of salary startups are paying and the rate at which they are growing is instilling confidence in senior professionals, who are now Prioritizing start-ups, said Kamal Kishor Kumawat, co-founder of Adjustify.
Takeaway for Corporates
While start-ups have talked about senior professionals choosing the next step in their career path, there is much corporates can do to reverse it. Top factors included leadership position (53%), work-life balance (46%), and perks and benefits (42%). The focus on these attributes can help corporates to manage and retain their senior professionals in the current scenario.
focus on flexibility
The foundation of New Age talent prioritizes a positive work-life balance, which is why resilience has become a key factor for retention. According to the survey, 87 percent of senior professionals agree that flexibility is important to them. In addition, flexibility in working time (69%), flexibility in work location (60%), and process of work (57%) also influences start-ups and corporates as determining factors for retaining talent. Is.
long term goal
47% of the respondents want to start their own ventures, while 37% want to rise through the ranks and be in CXO positions in the long run. In a lucrative start-up environment like India, it is no surprise that most senior professionals aim to become founders themselves.
two different types of senior professionals
“Nowadays there are two types of senior professionals – professionals below 40 years of age who have around 10 to 15 years of experience and an excellent pedigree in terms of education with fairly high compensation packages – usually 60 lakh to 1 crore. More and better ESOPs. Such candidates are more than happy to take leadership positions in high-growth startups. They won’t really fit into larger traditional organizational cultures or corporates. Other senior professionals are in their 40s and 50s and mostly traditional Work in companies and have risen to the top management level. They prefer job security and traditional organizations and corporates. Even if some are open to the startup idea, they want assurance on funding and then they mostly end up as cultural misfits at a company where the average age is in their late 20s or early 30s. Senior professionals in the upper age group want a stable company that is well-financed. Be nurturing and love working with large teams. Founder and CEO of The Recruiter Chief Executive Officer Shantanu Saha said, “Younger-aged professionals prefer fast-growing companies.”