Startups struggle to retain talent!

0

For Startups around the world, raising funds has become easier than to retain talent. A recent report prepared by Venture Capital Fund Company named Accel Partners has confirmed this in its latest survey report and said that getting people in the initial phase and asking them to stick to the company has become a herculean task to many startup leaders.

Hiring technical and R&D talent is said to have become the most arduous tasks for startups, as per the survey. Then hiring talent in the marketing and product management department is said to the next big thing for companies. The report titled as Startup Pulse 2019 by Accel Partners says that hiring talent for operations and other functions such as administration is easy when compared to others.

After analyzing data from over 250 start-up entrepreneurs, the above conclusion was made by the Capital funding company in its survey.

Speaking from the executives’ point of view, many employees who are hired are always worried about the long term prospect of the company and so either choose to move to a different shore or decide to go to the competing firm for a better pay hike.

“We spend on the talent to train them and also offer perks to encourage their skills from time to time. But they still do not look back at these when someone from the other company knocks their door with a better package”, said Steve Jefferson, CEO of a New Zealand based software startup “Whisper N Shine”.

Now a direct question to all our readers- Will you stick to a startup to see its ups and downs or will you walk away for a better package or position..?