attracting talent for startups - mynoticeperiod.com survey 2014

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STARTUP SURVEY 2014 myNoticePeriod.com

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Page 1: Attracting Talent for Startups - myNoticePeriod.com Survey 2014

STARTUP SURVEY 2014myNoticePeriod.com

Page 2: Attracting Talent for Startups - myNoticePeriod.com Survey 2014

OBJECTIVE

Analyse

How many active jobseekers would like to work for startups?

Why?

Why not?

Page 3: Attracting Talent for Startups - myNoticePeriod.com Survey 2014

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?

Page 4: Attracting Talent for Startups - myNoticePeriod.com Survey 2014

RESPONSES

Page 5: Attracting Talent for Startups - myNoticePeriod.com Survey 2014

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

Page 6: Attracting Talent for Startups - myNoticePeriod.com Survey 2014

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

Page 7: Attracting Talent for Startups - myNoticePeriod.com Survey 2014

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

Page 8: Attracting Talent for Startups - myNoticePeriod.com Survey 2014

RESPONDENTS

1,500 Respondents

Each one is an active jobseeker right now

Mostly IT skilled respondents

Most jobseekers were from India

Page 9: Attracting Talent for Startups - myNoticePeriod.com Survey 2014

MYTH-BUSTERS

Page 10: Attracting Talent for Startups - myNoticePeriod.com Survey 2014

MYTH-BUSTER -1

Myth: Most Jobseekers are averse to join a startup

Fact: Almost everyone (85%) is willing to work at a startup

Page 11: Attracting Talent for Startups - myNoticePeriod.com Survey 2014

MYTH-BUSTER - 2

Myth: Money is greatest motivator!

Fact: Opportunity to work across domains/functions is the greatest motivator

BTW, Salary is at #3

Page 12: Attracting Talent for Startups - myNoticePeriod.com Survey 2014

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

Page 13: Attracting Talent for Startups - myNoticePeriod.com Survey 2014

MYTH-BUSTER - 4

Myth: Startups have poor work infrastructure

Fact: Incubators, Accelerators provide world class operating spaces for startups!

Page 14: Attracting Talent for Startups - myNoticePeriod.com Survey 2014

TAKE-AWAYS

Page 15: Attracting Talent for Startups - myNoticePeriod.com Survey 2014

STARTUPS BREED STARTUPS

25% of jobseekers willing to join startups; plan to do their own startup eventually!

Page 16: Attracting Talent for Startups - myNoticePeriod.com Survey 2014

EQUITY NOT PRIORITY

Equity is #5 reason to join a startup

Page 17: Attracting Talent for Startups - myNoticePeriod.com Survey 2014

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

Page 18: Attracting Talent for Startups - myNoticePeriod.com Survey 2014

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