attracting talent for startups - mynoticeperiod.com survey 2014
Post on 16-Jul-2015
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OBJECTIVE
Analyse
How many active jobseekers would like to work for startups?
Why?
Why not?
3 SIMPLE QUESTIONS
Are you willing to join a startup?
Why would you join a startup?
What are your worst fears in joining a startup?
RESPONSES
85% YES
Are you willing to join a startup?
Yes
Not Sure
No
0 22.5 45 67.5 90
5.8
9.6
84.6
Why would you join a startup?
Work across domain/functions
Work on latest technologies
Better Salary
Heart-pounding excitement
Equity
Want to do my own startup
0 17.5 35 52.5 70
25.7
27.3
36.6
56.9
60.3
64.4
Multiple Choices were allowed
What are your worst fears in joining a startup?
Stability
Role/Responsibility Not Clear
Inadequate Resources
Low Salary
Long Hours
0 20 40 60 80
18.5
27.3
30.1
30.2
71.5
• Multiple Choices were allowed• Resources = Office Space, Hardware, Software, Cabs etc
RESPONDENTS
1,500 Respondents
Each one is an active jobseeker right now
Mostly IT skilled respondents
Most jobseekers were from India
MYTH-BUSTERS
MYTH-BUSTER -1
Myth: Most Jobseekers are averse to join a startup
Fact: Almost everyone (85%) is willing to work at a startup
MYTH-BUSTER - 2
Myth: Money is greatest motivator!
Fact: Opportunity to work across domains/functions is the greatest motivator
BTW, Salary is at #3
MYTH-BUSTER - 3
Myth: Jobseekers don't join startups due to fear of working long-hours
Fact: Less than 20% of jobseekers are worried about working long hours at a startup
MYTH-BUSTER - 4
Myth: Startups have poor work infrastructure
Fact: Incubators, Accelerators provide world class operating spaces for startups!
TAKE-AWAYS
STARTUPS BREED STARTUPS
25% of jobseekers willing to join startups; plan to do their own startup eventually!
EQUITY NOT PRIORITY
Equity is #5 reason to join a startup
DEFINE ROLES CLEARLY
Jobseekers most worried about “Role/Responsibilities not clear”
Startups need to articulate roles more clearly
Even if there are many roles, define each one upfront and clearly
MORE INCUBATORS NEEDED
Poor infrastructure is top reason for jobseekers not joining startups
More startups need to be incubated/accelerated
Instead of working out of home/garages
Educate jobseekers about world class infrastructure at incubator/accelerators
myNoticePeriod.comsales@mynoticeperiod.com
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