Hiring of top-level professionals in start-ups shrank 82% in Q4FY22: Report

ENA Sectors 2023-01-17 08:24:21 New Delhi, Jan 17 (KNN) The Indian start-ups witnessed a sharp decline in the senior leadership hiring, which dropped 82 percent in the fourth quarter of 2022, according to a report on Latest Employment Trends in Start-ups by CIEL Works. <a href="https://bit.ly/3B9mZSj"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a> The start-up report also pointed out that 64 percent of start-up employees were willing to move to a stable job. Of them, 47 percent cited job security as a concern, followed by the absence of work-life balance (27 percent) and better pay (26 percent). The report is based on an analysis of 60,704 employees working in 60 start-ups in India. The data was collected using job portals. Overall, the Indian start-ups cut hiring by 44 percent in the fourth quarter of 2022 from levels in the first quarter of last year, survey showed. With start-ups facing turbulent times, attrition continued to be a major hurdle for them. Although attrition rates are high, the average median tenure in start-ups increased to 1.9 years vis-a-vis 1.7 years about six months ago. Average tenures in other sectors are much longer ITES (5.8 years), FMCG (4.1 years) and MSME manufacturing (3.6 years). (KNN Bureau) 31964 https://knnindia.co.in/news/newsdetails/sectors/hiring-of-top-level-professionals-in-start-ups-shrank-82-in-q4fy22-report 2023-01-17 08:24:21 knnindia.co.in Hiring of top-level professionals in start-ups shrank 82% in Q4FY22: Report