Innate Startup Perks Make it a Great Career Investment
Founder, Director of Avaali Solutions Pvt Ltd, Ms. Srividya Kannan’s interview published in jobs-and-careers.thehighereducationreview on the future of the IT Industry.
Startups are a hotbed for tech talent. Top talent typically goes after perks such as ownership, endless opportunities, and adequate circumstances to make a recognizable impact and startups offer this like no one else can.
Here are the top reasons why the best tech talent are increasingly preferring startups to enrich their career:
- Security / Stability
- Culture
- Ownership
It is a myth that startups could be riskier ground for ones’ career. Top talent recognizes that when it comes to employability and relevance, their stint in startups makes them far richer due to the immensely wide experiences, in comparison to working for large enterprises. If one compares say a five-year experienced person in a startup compared to the same five-year experience working in large companies, the former will clearly stand out due to a great palette of leadership skills, communication skills, technical skills, and the experience of having delivered numerous business outcomes. Employability is therefore the key criteria that top talent looks at versus mere job security.
Startups typically have a highly collaborative culture where teams work in a tight-knit manner to deliver quick turnarounds. The quick decision cycle and non-bureaucratic culture that startups provide cannot be matched by large organizations simply due to their size and resultant matrix. Top talent and Gen Z increasingly prefer such a culture where they are not tied to bureaucracy, endless administration, and paperwork. They want to work in an environment that provides adequate space and freedom to innovate, an environment that thrives on close collaboration and freedom to work from anywhere. Startups are therefore the right fit for such top talent.
Startups typically have a flat organizational structure due to which their talent pool can take far more ownership of a wide range of responsibilities and deliver rich outcomes. Top talent typically prefers an innovative work culture that encourages new ideas and wants their employer to advocate as well as support them in their pursuit of experimentation and execution. In large enterprises, complex hierarchies do not allow employees with less than 3-7+ years to lead parts and elements of projects or even have direct client-facing experiences. Top talent that is hungry to own their work and accomplishes goals, therefore prefer startups that provide such an environment.
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