Startups: Fresh graduates account for 57% of startup hiring: Study
BENGALURU: India’s biggest startups are betting on fresh graduates, far more than on experienced talent. Some 57 per cent of hiring by the top nine most-funded startups is of such graduates, says a study by job portal Indeed.
The study analysed job postings between October 31, 2016, and October 31, 2017, for ventures valued at over $1 billion in their last round of funding — Flipkart, Hike Messenger, In-Mobi, Mu Sigma, Ola, Paytm, ShopClues, Snapdeal, ReNew Power and Zomato.
Snapdeal emerged as the unlikely top hirer, accounting for 53 per cent of all job postings by the nine companies. The e-commerce company had laid off a large number of its employees this year after its failed merger talks with Flipkart. So the hiring numbers perhaps reflect partly an effort to substitute higher cost talent with lower cost ones.
Mobile wallet Paytm accounted for 23 per cent of the hiring, and e-commerce company Shopclues 11 per cent. Flipkart, the country’s biggest e-commerce company, was in the fourth position, accounting for just 4 per cent of the hiring by the top startups. Food tech company Zomato too was at 4 per cent. Snapdeal, Paytm, ShopClues, and Flipkart made up almost 90 per cent of all jobs posted by the companies.
The job roles that these companies were mainly hiring for included customer care specialists, call centre representatives, delivery drivers, and senior process engineers. The salary of these roles ranged between Rs 12,000 and Rs 20,000 a month. The study also found a growing trend towards contractual hiring. Most of the jobs were for part-time roles.
The study does not say how the hiring numbers for the period considered compare with the corresponding previous one year. It also does not say how the fresher hiring proportion compares with the previous period.
Sashi Kumar, managing director, Indeed India, said the demand for fresh graduates is encouraging for millions of young freshers, who are looking to jumpstart their careers with young companies.
As high as 83 per cent of all job postings were for the Delhi-NCR region. This may be partly because the biggest hirers, including Snapdeal and Paytm, are based in Delhi-NCR.