Intelligent SME.tech Issue 19 - Page 53

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50 % of skilled talent seeking to give up the corporate dream for a start-up

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FINANCE | SALES & MARKETING | CUSTOMER EXPERIENCE | HR SOLUTIONS
he search of talent and securing the best-in-class expertise has been long going on . But lately it is being seen that the big companies are not only up against direct competitors of the industry they are in , but it is the start-ups too they have competition from .
According to a new report from Robert Walters – Act Like a Start-Up and Win the Best Talent – nearly 50 % of employees across the globe would prefer working in a start-up over the stability and assurance of being employed by a large and established company .
Employees are now re-thinking how they want to work and have more control of how their work empowers them . With the uncertainty and the ripples of pandemic still being seen , large corporates are now facing more challenges in attracting and retaining top talent .
There has been a 20 % increase in headcount growth within start-ups over the past 12 months , with more predicted as over 50 % of workers vow to make their next move to a start-up . It shows that today ' s professionals are looking for more than just a big brand , big money and basic employee benefits . They want to be a part of a place where they can add value , thrive in a culture of innovation , creativity and most importantly see a visible career growth .
The career accelerator
With relatively flat structures and handson founders and CEOs with start-ups – new starters can find themselves lining into the senior leadership team from day one .
Start-up leaders can usually see an employee ' s involvement in a project right from initial stages until completion and as a result , the rate of career advancement at start-ups tends to be higher . Over half of the professionals ( 55 %) were willing to join a start-up if they saw an opportunity to progress much quicker than they would within a corporate set-up .
Potential for learning
The changing and fast-paced nature of a start-up keeps employees on their toes , encourages them to develop new skills as they go and push boundaries beyond the initial job description . While working for a start-up , one can understand how the whole company works and develop commercial acumen which is generally not expected when in junior positions in corporate structures .
Putting the ' I ' in innovation
Start-ups are different from traditional businesses primarily because they are grounded on disruptive innovation , created to address a perceived ' problem ' in the market . Joining a start-up means adopting an ' out of the box ' mindset – an ability to think on one ' s feet and get creative with small budgets and less resources . In fact , 47 % of the professionals surveyed expressed they would leave a corporate job to join a newly established business for the scope of innovation it brings . �
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