Startups With More Employees Tend To Grow Faster, Have A Longer Life In India: HayGroup Report

If you own a startup or are planning to commence one in India, then you must read on. HayGroup has released a comprehensive report on ‘How Indian Startups Are Building To Last’ and lot of interesting facts are revealed. They invited 40 startup participants for the report and some stimulating realities came up.

Getting the size right of the organisation is an important step. While all of the startups in the seed stage have strength of less than 50 employees, 70% of the growth stage startups have more than 250 employees. HayGroup says most startups begin with lesser people, but as they grow a pyramidal structure forms with larger lower and middle level employees. This enables faster growth and better sustainability.

Technology plays a vital role in a startup. For and E-commerce startup, operations and support play a an important role as well. While in mobile app sector, design is the segment emphasised on.

Growth of the company is what attracts newer talent to startups. While higher pay and working in smaller teams is the least important feature one looks at. Growth potential in sales team is what one looks before joining a new startup.

Another feature of startups shown in the reports proposes that these new organisations look at networking to hire talent. Personal and professional networks come into play when picking a new employee. 31% of the new startups use employee referrals to get more people on board.

The report also says that startups give better pay packages to people than other companies in the same field. Well, that is essential if one wants to pick up the best talent and cream of the crop. We hear a new startup emerging every 2 days. There is a lot young and old talent in the country who is going ahead and building new E-commerce portals, mobile apps and technology services. It is exciting to see so many new-age startups coming up with fresher ideas and the zeal to grow. All creating new opportunities and better places to work at within the country.