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40% of India Inc lost top talent to start-ups: TimesJobs.com Study

Education NewsMany of the best and brightest of India Inc’s talent are bailing out of their high-paying, prestigious jobs with big corporates to join start-ups or set up their own business. The IT/ Telecom sector has witnessed the maximum (40%) talent movement to startups followed by ITeS, Retail and the Manufacturing & Engineering sectors.

Freedom to innovate and positions/designations are pointed out as the key factors luring top talent to startups, by nearly 60 per cent of the respondents to the TimesJobs.com survey.

The attraction of having a position of power and of being in a leadership role is the maximum at the middle level. 65 per cent organizations said that maximum talent movement is at the middle level and 55 per cent of middle level managers are attracted by the designations offered, TimesJobs.com revealed. The experience range of these high-value job-hoppers lies between 5-10 years, said 48 per cent of the survey. The fact that middle level employees are getting to exercise leadership positions at start-ups is the biggest factor driving them to leave reputed & established organizations.

“A major reason for this exodus of talent is that in a big company mid-managers can take almost 10-15 years to reach leadership positions, while start-ups offer them a head start at the power and opportunities that leadership provide at a much earlier stage in their careers.” says Vivek Madhukar, COO, TimesJobs.com Times Jobs’ survey reveal Over 60 per cent candidates with 2-5 years experience move to startups to explore their creative side and about 67 per cent of the candidates with 5-10 years experience join startups for better positions and designations.

Source: The Economic Times

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