We’ve all heard about how startups are key to the future economy of India and we’ve heard about how hiring should be a top priority for any company – then why is it that hiring is NOT a majorly discussed issue in startup events in India?
I ask this question because, in fact, it is HARD for startups in Bangalore to hire. The problem is of two extremes: The good folks you would want to hire either become entrepreneurs themselves (full of challenges) OR work for big money in big companies (may not have challenges, but feeds their social status). There seems to be no middle ground where people want to enjoy the work which is full of challenges and also have the stability of a salary and the promise of stocks.
Hiring has become almost impossible for startups – right from IIMB-incubated startups which have full of challenges and exposure to companies like Infibeam which does crores in revenue per year and pays market price salaries.
Where to find such good people?
- What happens to all those people who started startups via iAccelerator and Morpheus Ventures and did not succeed? Do they go into consulting or join a regular job?
- What happens to all the college students who talk enthusiastically about joining startups? What percentage of those students switch to chasing the money because of peer pressure? I’m told majority of students don’t end up joining a startup when they have a higher salary offer from a big company.
- Who are the kinds of people who go to events like DoctypeHTML5? Are they part of startups or are they part of big companies?
I really wish Pluggd.in would setup an anonymous/discreet matchmaking service between “startup-mindset coders” (the scarcity) with good startups (which seems to be in abundance these days, the irony!), i.e. focus on finding good people first, and then promote the available startup jobs.
Maybe the need of the hour for our startup ecosystem is hiring-for-startup events (“get people to get things done”) rather than startup events consisting of motivational speeches (“listen to high-level talk about how to get things done”).
This is just a thought running in my head which I’m expressing it here – I’ve heard the “Why can’t I hire good people for my startup?” question so often in the past few months, almost on a daily basis these days, that I really needed to get this out of my head and type it out!
On the other hand, if you think hiring for startups in Bangalore is not really an issue, please do advise, many people I know would be interested to know how to go about it :)
P.S. I’m writing this while I’m listening to sessions at the NASSCOM Product Conclave and can’t help but wonder if all the topics discussed here are even possible without having the right people with you in your venture, after all, the founders can’t do everything by themselves :-)
Note: This article was a result of a discussion with Ram of Metaome, a IIMB-incubated startup. They’re looking for good folks to join them, if you’re interested.
Update: Indus has a different take on this.