Do startups hire quickly?

It takes, on average, 31 days to fill a job vacancy, according to DHI Hiring Indicators Reports. With the high expectations of investors, boards, and founders, startups don’t have the luxury of pushing that average up to 32 days. Here is why Why ‘Hire Fast, Fire Fast’ is a Startup Mantra.

How long does it take to hire someone for a startup?

The length of the hiring process depends on several factors. Hiring strategy, time of year and the industry can all have an impact on how long it takes to fill an open position. The average number of days it takes to fill a position is 36 days, according to the Society of Human Resources (SHRM).

Why is it so hard to get hired as a startup?

For a startup, it is particularly difficult to attract and hire talent and skilled workers. A startup often cannot match the salaries drawn at larger companies nor is a job at a startup seen as a steady one. This means startups face severe hiring challenges and at times have to settle for the next best option.

What are the biggest problems faced by startups in India?

This, however, is the minor problem where the biggest issue is about finding skilled manpower. India’s skilling need is so huge that National Skill Development Corporation (NSDC) has been mandated to skill 150 million Indians by 2022. For a startup, it is particularly difficult to attract and hire talent and skilled workers.

How hard is it to raise funding for startups in India?

Funding challenge is not merely limited to seed rounds, but also for vital Series A and B rounds. For a startup looking to scale, it is still very hard to raise rounds to scale as the number of investors that write larger cheques in India are very limited in number.

Is India’s tech talent pool in trouble?

Despite India having one of the largest tech talent pools (over 4.5 million engineers) in the world, most companies are struggling to fill key positions as the demand for niche new-age skills has multiplied in volume and value.