Many of the best and brightest of India Inc’s talent are bailing out of their high-paying, prestigious jobs with big corporates to join start-ups or set up their own business. The IT/Telecom sector has witnessed the maximum (40%) talent movement to startups followed by ITeS, Retail and the Manufacturing & Engineering sectors.
The survey by TimesJobs has a few interesting takeaways:
– Freedom to innovate and positions/designations are pointed out as the key factors luring top talent to startups, by nearly 60 per cent of the respondents to the TimesJobs survey.
– The attraction of having a position of power and of being in a leadership role is the maximum at the middle level. 65% organisations said that maximum talent movement is at the middle level and 55% of middle level managers are attracted by the designations offered.
– The experience range of these high-value job-hoppers lies between 5-10 years, said 48% of the survey. The fact that middle level employees are getting to exercise leadership positions at startups is the biggest factor driving them to leave reputed & established organisations.
– Over 60% candidates with 2-5 years experience move to startups to explore their creative side and about 67% of the candidates with 5-10 years experience join startups for better positions and designations.
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