Bengaluru: Fierce war for talent between Big IT and Technology companies in India, and the salary surge produced, began to worry about the ecosystem.
While the worst hit is a smaller startup, even a well-funded business is noting.
Earlier this week, the founder of Ola Bhavish Aggarwal tweeted, “engineering recruitment situation in Bengaluru – think of offshoring some work to the lower cost center in SF, Bay Area!” It may have been said partly in joking, but Ola has 232 open positions on the portage – for the role in battery engineering to electronic hardware to Clay Modeller – and will be interesting to watch where they will go.
Amrrish Rau, CEO of Fintech Firm Pine Labs, recently tweeted, “Salary expectations at first all time.” Abhishek Poddar, co-founder of a health insurance startup request, said that considering the recent Spree of Funding in India, the company was well-established with money.
And they are able to buy expensive talents.
“But this makes it challenging to startup the initial stage without the bag in,” he said.
Ranjit John, the founder of San Jose-based Hawkai data, the cloud data platform provider, the word Harapan Indian salary becomes unreasonable.
A senior engineer, he said, could produce more than Rs 70 lakh (around $ 100k).
“For companies based in the US, their salary must pay someone in the US will be $ 200k, so it looks like a deal.
But, for senior engineers in India to be effective, there needs to be managers who can communicate effectively, and some junior engineers to be true -Tar do the work.
The cost is just shooting, “he said.
Abhijeet Vijayvergia, Co-Founder & CEO of Nektar.ai, who have collected $ 8 million in funding, attributes of salary increases for well-funded startup, because it also employs massively by small companies abroad who build engineering centers in India.
Vijayvergia is trying to overcome the challenges with the policy of “work from anywhere”, which allows it to attract talent outside Bengaluru and even in countries such as Indonesia and Vietnam.
The company also strives to attract talent with policies such as better work life integration, flexible working hours, and benefits such as productivity benefits and stock options.
Agarwal Arpit, Director in Venture Capital Firm Blume Ventures, said the main challenge of the most startup faces was their stacks developed on the latest technology, such as Go or Erlang, and this skill in a short supply.
“Today, everyone feels comfortable working remotely or has a remote workforce.
The consequences of this are a rather global business.
No one stops even European Unicorn from recruiting Indian talents and vice versa, and the internet makes it easy.
There is a crunch talent and comfort that is aggravated at work-from-home, “he said.
John said even though there were people who lost their jobs during the peak of a pandemic and wanted to be employed, many did not reduce salary expectations because they had them big emis to pay.
“On LinkedIn, previous people will post things like – don’t have a job in 6 months, my skills include …, will appreciate every pointer of work for my expertise.
Now, it is – Haven ‘t has a job in 6 Moon, 2 Children’s Education and Emi Costs I XXX, need jobs that pay at least YYY.
They lead with the salary they need, instead of their skills, “Rau said.
Rau is better off employing expensive and difficult talent in their evaluation t Han hires average talent and finally never let them go because you can’t find talent on that salary.
Poddar is also optimistic.
He said the best engineer optimized the impact and growth he could have than money.
“In Plum, we don’t have a challenge by hiring because engineers believe in our vision to make health care accessible and affordable for everyone and that we will help them make an impact,” he said.