Attracting Talent for Startups - myNoticePeriod.com Survey 2014

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  • STARTUP SURVEY 2014myNoticePeriod.com

  • 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