Startups More Appealing To Youngsters than Well Established

BENGALURU: 2015 will be best remembered for its extraordinary trend of students opting to work for startups instead of established companies. Though the year so far witnessed a lot of companies coming forward to hire many students as well as offer fat salaries, this trend is expected to change.

More than 10 percent of the 9000 plus students who will graduate this year from IITs have probably decided to join startups instead of the well established companies, reports the Economic Times. All around the country, fresh graduates are looking for an opportunity to work in a startup environment.

As per a research by executive search firm EMA Partners International, almost 50 startups and e-commerce companies are looking for 800-1200 senior-level executives to be hired in the coming months. Not only freshers, but the mid and CXO level managers are also trying their lucks in some the successful startups that are growing too fast.

To add a fun fact, Jeevansathi, a matrimonial website is witnessing a 55 percent increase in self employed profiles in last couple of years. Rohan Mathur, the VP and head of Jeevansathi said that nowadays parents are fine with an entrepreneur groom as long as he has good educational background.

There are three major reasons behind this risk taking mentality of freshers.

Firstly, most of the job seekers dream to be an independent entrepreneur.
Secondly, the startups are offering satisfying salaries as well as perks. Even a year ago, the startups were unable to pay good cash compensation, but in 2014, venture capital firms invested $1.06 billion (6,600 crore) in 244 startups. Startups and e-commerce sectors are offering salaries up to 10-18 lakhs like that of the IT companies.
Thirdly, Emplpoyee Stock Ownership Plans are becoming more attractive. If one joins at the right time, they can see growth and wealth through ESOPs. Startups like Snapdeal and Flipkart will be the ones to create millionaires.

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