Startup World
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Activity:
25 views;
last activity : 01 02 2011 03:05:11 +0000
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Zero brand name causing the trouble
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spreading risk by broader partnering
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Unfavorable Past
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remuneration
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Risk averse
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2nd priority
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Talented professionals are staying away from startups is mainly due to reasons like, from untested business models to perception issues such as a simple office, minimal support systems, modest salaries without perks and zero brand name to unknown promoters who are yet to line up funds. |
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True. Today all people are interested in is money. Unfortunately the need & urge to have more of it is ever increasing. Startups are a few of those with some intention of giving back something to the society but they get pulled down by this craze for money.
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Indian business always learns by doing and does it fast. Since independence whether mega ventures like the PSUs or the small scale industry and cottage industry drives,Indian entrepreneurs have learnt how to 'do it'. Then the challenge was bank finance when banks were averse to risking with start ups. Today the scene is dearth talent. The talent is hidden and will come out in quick course of time. A lead role can be taken by Business School to innovate new streams than that cater and create need for MBAs to join Corporates only, more so an MNC, and choose to live in metros. Professional bodies like NHRD,TIE,NISIET,ISTD with State departments and the CLB can commit to address this through special short time courses on subsidised fee to improve employability. Alternatively Government can offer special benefits for start ups who come in as a team of multidisciplinary partners. The question is do we have such visionary leadership in these Institutions to contribute and change their ways.Vasudevan(OD consultant,Bangalore) |
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One too many start ups have failed miserably, which has left some of the best talents in a lurch, usually a start up is incubated by leaders who have been employed previously and have spent a decade and above in the industry by then their networks also mature and their proteges also come up to a senior level position, so expect a higher cost which certainly is a limitation for a start up as the objective is to optimise the resources, the juniors have already been scared by their peers and college seniors to be wary of new start ups as stability becomes a bit of worry. If young talent is exposed to a lot of start up success stories the tables ought to turn.
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The start ups have a budget to run the show.They fear top talents may eat away.
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Employees by their very nature, are pretty risk averse. Now who would in their right minds want to make a leap of faith on an untested company and brand? Especially when you know your paycheck could get delayed or undelivered altogether. Prospective customers of that particular brand or company would also hesitate in earmarking resources on the untested. Who knows if they are going to be around next month much less next year.
That having been said, while Indian start-ups do manage to hire top guns now and again. It largely depends on the flexibility of the promoters of that start-up. There is no end of talent in the current economy and no dearth of good people wanting to pick up challenging assignments. However, the start-ups that win in the search for great talent are working/developing game changing technologies and services in different verticals. Disrupters! You will find them to have attracted the best.
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Anybody contemplating to join looks for security and new start ups are second priority
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