Recruitment/talent Acquisition, Career Counselling
Learning & Teaching Fellow (retired)
Talent Acquisition Expert
Sr Hr Recruiter-it
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It's not fair to substantiate Indian from a Western workmen/ employee. Indeed they are factors apart from one things -
Why does some one join a New or any Start-up company?
when you think that you are ready with the following, then I raise an eyebrow to the question that you prompted:
1. Have you alreday prepared a business plan which you think to execute the entire succeeding year or a quater.
2. Have you decided on the business structure and finalized the legal requirments that has to be stipulated manditorily
3. Have your organized the sufficient capital to pay expenditures until the business becomes profitable
4. Has the workspace requirement is zoning according the business that you've planned for
5. Has your business defined with clients/ customers/ stakeholders/ partners who can financially project the company and analyze the demographics to the market level
6. Have you alreday opened the path to advertising tatics
Having a good busiiness ownership and an opportunity to recruit the resources that suit the job type is important. Do not always expect that every body should approach you. your one-step forward will bestow many rewards.
I agree with Sharmila. If somebody is confident than joining in a new company is far better than joining in a settled company. In a new organisation if it is a higher position he/she can rule from the beginning and also chances to get exposure to so many areas, implement new & own ideas. I think few people are getting that kind of opportunity & those who are accepting the challenge they will be definitely reach to a leading position. In my case after having Seven years of exposure in to Generalist in HR, got an opportunity join in a MNC, when the company's building is in construction Mode. After two years of service now I am Leading around 5 Members Team & Handling Around 150 Employees with full setup.
FIRST, WHY THERE ARE SO FEW STARTUPS
1. Starting up is difficult without money and to get money you need to have an idea, an execution team & a solution to a problem in a large profitable market. Without these no one will fund you.
2. Not enough people have enough money to try new services in India - they prefer to buy brands or trust brands who have the money to build the brand recognition. This is an early stage for our country's startup movement - which is why we are seeing huge investments in deals, ecommerce companies. Even though they are not profitable today - they will be the rulers in the years to come. These are almost certain victories in the long run. Flipkart will be the Amazon in India - no one will do it better.
3. People are still weary of being nice to other people - the tendency of people in our country is to exploit where they see someone giving generously or trying to be fair. This comes from the fact that there is no accountability, people don't have enough (or they think they don't have enough as the disparity of wealth is immense - an example: average people in the US can own an ipad/iphone, but not here) - so there is little to no rewards in being nice to strangers. This is however changing - but the percentage of people who are seeing the benefits of this is probably 1% of the population.
WHY PEOPLE DON'T PREFER JOINING STARTUPS HERE
1. The entrepreneurs do not have any support system in place - there are very few veteran entrepreneurs who are providing support to the younger ones. This makes the new entrepreneur weak from the beginning. People can most of the times see that. Plus for any good candidate there are enough options available to work for a large brand.
2. Most businesses are family owned and have been built over years - so they are not really startups. Most of them are actually just retail houses - there's nothing innovative happening there. So the son who just came in may make it feel like a startup but its really not - these organisations have roots and methods which are very difficult to break out of.
3. Startups will be a lot more hard work than traditional companies without any guarantees or job security - that is the common perception, which is probably true. It would always seem better to join and grow in a well established large firm.
WHY PEOPLE SHOULD JOIN STARTUPS
1. Early in your career it gives you a lot more exposure - this is an ideal time as you have little to loose.
2. If you find a good entrepreneur - it'll be the best learning experience in terms of immediate exposure to generating ideas and insights. You'll never have such a close relationship with your employer in any large organisation.
3. Most startups provide a lot more flexibility of work hours - but its a trade off for less pay and lack of security. Most people want more money, rather than more time or freedom. But for people who want the flexibility, it's ideal.
Those who don't know you, won't join you.
Those who know you, may not want to join you.
Those who want to join you, may have other family concerns.
So, in order to overcome these challenges, America, and other countries, created ecosystems for start-ups, the most notable one being the Silicon Valley.
Hence, those who want to join, can find you; those who know you, may recommend people to you; those who are joining you, can bring their whole families there.
I think there is no risk to join a startup.I would suggest the following benefits one can avail by joining a startup.
A. at junior level
1. you are not going to discard from the company unless and untill the company is down. And if a company is concerned it is not going to close in a month or a year.
2. As an startup there is much more things to learn about.
3. As per the job risk is concerned you are fare enough to switch to some where else.
B. At senior level
1. you are well enough to decide business clients/customers/stake holders, workspace requirement of the company.
2. Get through the capital investment, future prospect and business structure.
Now if you have gone through all these factors then what is the fear to join the company.
I agree with you but let me tell this from my experience for the last 1 month.I have joined a start up by risking leaving the best bank in not only India but also best in the asian region.But have no regrets at all. We have created a own space and own jd so we are responsible right from day one and have set own targets which is as per our capability.
1 The startup has got an excellent road map ahead for the next 5 years plus
2 The product has got huge scalability
3 Team is excellent all from IIT and IIM
4 Experience wise the toatl team has 70 plus years experience put together.
After having worked with some top MNCs' for the past 6 years I have joined a start up now. I feel I am more comfortable than I was in a stable and secure environment. Here I am heading the department and there is so much scope to implement things. I feel good when people appreciate for the work you do. In spite of reporting to the Director and MD of the company I don't feel scared at all in approaching them even for trivial issues. They are friendly with everyone and even though the strength is just 30+ still it's a homely atmosphere with no politics and gossip, thereby making my job quite easy. The entire management team's experience is collectively 50+ plus years with many of them heading the MNC organizations previously in APAC, US and UK regions before starting this company.
Glad that you really enjoy your exp in a Start-up.
However, I am not sure if it can be extrapolated or generalized.
I think it depends TOTALLY on individual perceptions & priorities in his/her career--whether he/she wants to be a SMALL fish in a BIG pond OR a BIG fish in a SMALL pond. And, like for every choice one makes, there are bound to be the consequent agonies & ecstasies.
Also, the stories of employees becoming rich because of a startup stocks are few in India - and that too at the top management level.
Moreover, startups tend to have undefined processes due to which favoritism, politics and the-guy-closest-to-the-boss-has-his-ears syndrome vitiate the work atmosphere.
In order to attract talent for startup, create a fun and challenging environment with as little politics and as much learning opportunity as possible.
Give them responsibility, give them freedom to experiment (but focus on getting the results), listen to them and eat out together every month or couple of months.
That would go a long way in getting you good people to your startup.
I'd advise against taking a judgemental position right at the start (Indians are risk averse, don't want to do anything cool are greedy for money and hence they don't join startups)