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Why salaries at startups better than big firms?
Highlights
As new-age firms dole-out fatter salaries to attract the most skilled employees, companies need to strengthen their work environment, increase their staff engagement and reward policies, to hold on to talent.
As new-age firms dole-out fatter salaries to attract the most skilled employees, companies need to strengthen their work environment, increase their staff engagement and reward policies, to hold on to talent.
A war of talent is raging between the new age companies and established organisations. These start-ups are not only changing the placements scenario in top B-schools, they are also hiring from leading banks and consulting firms by offering fatter pay checks.
“Well-funded organisations are offering better salaries and also getting good talent. This is happening in all the new-age industries including e-commerce,” mobile commerce firm Paytm VP — Business Planning and People Amit Sinha said.
“The toughest challenge facing most new technology companies these days isn’t getting funded — it’s hiring the best, most skilled employees,” mobile app platform Kryptos Mobile Founder Anjli Jain said and added that aggressive venture capital funded IT/ITES startups like Ola and Flipkart are offering fatter salaries, stock options and unique perks to lure and retain the best talent in India.
This trend which is happening in the e-commerce and tech start-up sector, is not limited to this space only and had also happened in aviation, telecom, insurance, retail and social sector as well.
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